$350.40 Million in Sales Expected for Whiting Petroleum Co. (NYSE:WLL) This Quarter

Equities research analysts expect that Whiting Petroleum Co. (NYSE:WLL) will post sales of $350.40 million for the current quarter, Zacks reports. Four analysts have provided estimates for Whiting Petroleum’s earnings, with the highest sales estimate coming in at $460.00 million and the lowest estimate coming in at $304.00 million. Whiting Petroleum reported sales of $21.27 million during the same quarter last year, which would suggest a positive year over year growth rate of 1,547.4%. The firm is expected to report its next quarterly earnings report on Wednesday, February 23rd.

On average, analysts expect that Whiting Petroleum will report full year sales of $1.33 billion for the current year, with estimates ranging from $1.19 billion to $1.52 billion. For the next fiscal year, analysts expect that the company will report sales of $1.43 billion, with estimates ranging from $1.31 billion to $1.63 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Whiting Petroleum.

Whiting Petroleum (NYSE:WLL) last released its quarterly earnings results on Wednesday, November 3rd. The oil and gas exploration company reported $3.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.06 by $0.51.

WLL has been the topic of several recent research reports. Piper Sandler increased their price target on shares of Whiting Petroleum from $50.00 to $71.00 and gave the stock a “neutral” rating in a research report on Thursday, October 21st. KeyCorp increased their price target on shares of Whiting Petroleum from $74.00 to $76.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 10th. Stifel Nicolaus initiated coverage on shares of Whiting Petroleum in a research report on Thursday, October 7th. They issued a “hold” rating on the stock. Wells Fargo & Company increased their price objective on shares of Whiting Petroleum from $63.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 6th. Finally, Truist Securities increased their price objective on shares of Whiting Petroleum from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 7th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $70.00.

In related news, Director Daniel J. Iv Rice bought 15,150 shares of the business’s stock in a transaction that occurred on Friday, November 12th. The stock was bought at an average cost of $67.66 per share, with a total value of $1,025,049.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.12% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of WLL. Goldman Sachs Group Inc. purchased a new position in Whiting Petroleum during the first quarter valued at $5,128,000. HRT Financial LP purchased a new position in shares of Whiting Petroleum in the 1st quarter worth $397,000. AQR Capital Management LLC purchased a new position in shares of Whiting Petroleum in the 1st quarter worth $1,421,000. Jane Street Group LLC grew its stake in shares of Whiting Petroleum by 16.9% in the 1st quarter. Jane Street Group LLC now owns 13,831 shares of the oil and gas exploration company’s stock worth $490,000 after buying an additional 2,003 shares in the last quarter. Finally, Gotham Asset Management LLC purchased a new position in shares of Whiting Petroleum in the 1st quarter worth $425,000. 91.04% of the stock is owned by institutional investors.

WLL traded up $1.17 during trading on Thursday, hitting $70.18. The company’s stock had a trading volume of 509,972 shares, compared to its average volume of 656,675. Whiting Petroleum has a one year low of $19.75 and a one year high of $71.61. The firm has a market cap of $2.75 billion, a PE ratio of 20.76 and a beta of 2.57. The business’s 50 day simple moving average is $64.05 and its 200-day simple moving average is $53.48.

Whiting Petroleum Company Profile

Whiting Petroleum Corp. engages in the development, production, acquisition, and exploration of oil and gas properties. It operates in the Rocky Mountains regions. The company was founded by Kenneth R. Whiting and J. Bert Ladd in January 1980 and is headquartered in Denver, CO.

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

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