Whiting Petroleum Corp (NYSE:WLL) – Investment analysts at Imperial Capital lowered their Q2 2018 EPS estimates for shares of Whiting Petroleum in a research note issued on Thursday. Imperial Capital analyst J. Wangler now expects that the oil and gas exploration company will post earnings of ($0.39) per share for the quarter, down from their prior forecast of ($0.38). Imperial Capital currently has a “line” rating and a $30.00 target price on the stock. Imperial Capital also issued estimates for Whiting Petroleum’s Q4 2018 earnings at ($0.25) EPS and FY2018 earnings at ($1.54) EPS.

A number of other brokerages also recently commented on WLL. Cowen restated a “buy” rating and issued a $32.00 target price on shares of Whiting Petroleum in a research note on Sunday, September 17th. Zacks Investment Research upgraded shares of Whiting Petroleum from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Thursday, October 12th. Barclays upped their target price on shares of Whiting Petroleum from $5.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, November 20th. Morgan Stanley set a $16.00 target price on shares of Whiting Petroleum and gave the stock a “sell” rating in a research note on Thursday, October 26th. Finally, Seaport Global Securities upgraded shares of Whiting Petroleum from a “sell” rating to a “neutral” rating in a research note on Tuesday. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $33.58.

Shares of Whiting Petroleum (NYSE:WLL) traded up $0.92 during mid-day trading on Monday, reaching $23.25. 4,286,400 shares of the company’s stock were exchanged, compared to its average volume of 4,785,325. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.59. Whiting Petroleum has a twelve month low of $15.88 and a twelve month high of $53.48.

Whiting Petroleum (NYSE:WLL) last issued its earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.24. The business had revenue of $324.20 million for the quarter, compared to the consensus estimate of $330.25 million. Whiting Petroleum had a negative net margin of 45.39% and a negative return on equity of 5.06%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.88) EPS.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Davidson Kempner Capital Management LP purchased a new position in shares of Whiting Petroleum in the second quarter worth $8,265,000. Marshall Wace North America L.P. purchased a new position in shares of Whiting Petroleum in the second quarter worth $1,268,000. Stephens Inc. AR raised its holdings in shares of Whiting Petroleum by 684.7% in the second quarter. Stephens Inc. AR now owns 655,538 shares of the oil and gas exploration company’s stock worth $3,612,000 after buying an additional 571,993 shares during the last quarter. Shell Asset Management Co. purchased a new position in shares of Whiting Petroleum in the third quarter worth $1,565,000. Finally, DFT Energy LP raised its holdings in shares of Whiting Petroleum by 25.0% in the third quarter. DFT Energy LP now owns 2,000,000 shares of the oil and gas exploration company’s stock worth $11,060,000 after buying an additional 400,000 shares during the last quarter.

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About Whiting Petroleum

Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

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

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