Analysts expect Whiting Petroleum Corp (NYSE:WLL) to post earnings of $0.18 per share for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have provided estimates for Whiting Petroleum’s earnings. The lowest EPS estimate is ($0.17) and the highest is $0.46. Whiting Petroleum reported earnings of $0.92 per share during the same quarter last year, which indicates a negative year over year growth rate of 80.4%. The business is scheduled to announce its next quarterly earnings report before the market opens on Thursday, May 2nd.

According to Zacks, analysts expect that Whiting Petroleum will report full year earnings of $1.72 per share for the current year, with EPS estimates ranging from $0.28 to $3.41. For the next financial year, analysts forecast that the firm will report earnings of $2.78 per share, with EPS estimates ranging from $0.68 to $12.39. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Whiting Petroleum.

Whiting Petroleum (NYSE:WLL) last announced its earnings results on Tuesday, February 26th. The oil and gas exploration company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.55). Whiting Petroleum had a net margin of 16.45% and a return on equity of 5.45%. The company had revenue of $473.20 million during the quarter, compared to the consensus estimate of $484.96 million. During the same quarter in the previous year, the company earned ($0.17) earnings per share. The business’s revenue was down .3% on a year-over-year basis.

Several equities research analysts have recently weighed in on WLL shares. ValuEngine upgraded Whiting Petroleum from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Morgan Stanley lowered shares of Whiting Petroleum from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $28.00 to $31.00 in a research note on Friday, April 12th. Zacks Investment Research raised shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Ifs Securities reissued an “outperform” rating on shares of Whiting Petroleum in a research note on Sunday, February 3rd. Finally, KeyCorp initiated coverage on shares of Whiting Petroleum in a research note on Tuesday, February 12th. They set an “overweight” rating and a $33.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $48.24.

Whiting Petroleum stock traded down $0.44 during mid-day trading on Tuesday, hitting $27.43. The company had a trading volume of 3,473,545 shares, compared to its average volume of 4,323,738. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.65. Whiting Petroleum has a 12 month low of $18.37 and a 12 month high of $56.47. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 12.58 and a beta of 2.95.

In related news, insider Peter Hagist sold 5,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $25.19, for a total transaction of $125,950.00. Following the completion of the transaction, the insider now owns 43,930 shares in the company, valued at $1,106,596.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Philip Edward Doty sold 2,500 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $24.62, for a total transaction of $61,550.00. Following the transaction, the director now owns 16,822 shares of the company’s stock, valued at approximately $414,157.64. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Several hedge funds have recently modified their holdings of WLL. NuWave Investment Management LLC raised its holdings in shares of Whiting Petroleum by 217.9% in the 4th quarter. NuWave Investment Management LLC now owns 1,335 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 915 shares in the last quarter. Rational Advisors LLC raised its position in Whiting Petroleum by 808.2% in the 4th quarter. Rational Advisors LLC now owns 1,335 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 1,188 shares during the last quarter. Ffcm LLC raised its position in Whiting Petroleum by 72.2% in the 4th quarter. Ffcm LLC now owns 1,360 shares of the oil and gas exploration company’s stock valued at $31,000 after buying an additional 570 shares during the last quarter. Meeder Asset Management Inc. raised its position in Whiting Petroleum by 78.8% in the 1st quarter. Meeder Asset Management Inc. now owns 2,222 shares of the oil and gas exploration company’s stock valued at $58,000 after buying an additional 979 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Whiting Petroleum by 240.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,250 shares of the oil and gas exploration company’s stock valued at $172,000 after buying an additional 2,295 shares during the last quarter. Hedge funds and other institutional investors own 98.79% of the company’s stock.

Whiting Petroleum Company Profile

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.

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Earnings History and Estimates for Whiting Petroleum (NYSE:WLL)

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