Whiting Petroleum Corporation (NYSE:WLL) – Equities researchers at Imperial Capital issued their Q3 2017 earnings estimates for shares of Whiting Petroleum Corporation in a research report issued to clients and investors on Thursday. Imperial Capital analyst J. Wangler anticipates that the oil and gas exploration company will earn ($0.24) per share for the quarter. Imperial Capital has a “In-Line” rating and a $6.00 price target on the stock. Imperial Capital also issued estimates for Whiting Petroleum Corporation’s Q4 2017 earnings at ($0.24) EPS, FY2017 earnings at ($0.81) EPS and FY2018 earnings at ($0.56) EPS.

Whiting Petroleum Corporation (NYSE:WLL) last released its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.01. The firm had revenue of $311.50 million during the quarter, compared to analysts’ expectations of $345.64 million. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.70) EPS. COPYRIGHT VIOLATION NOTICE: “Whiting Petroleum Corporation (WLL) to Post Q3 2017 Earnings of ($0.24) Per Share, Imperial Capital Forecasts” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.watchlistnews.com/whiting-petroleum-corporation-wll-to-post-q3-2017-earnings-of-0-24-per-share-imperial-capital-forecasts/1606440.html.

Several other equities analysts have also issued reports on the company. BMO Capital Markets reaffirmed a “hold” rating on shares of Whiting Petroleum Corporation in a research report on Wednesday, August 2nd. KeyCorp reissued a “buy” rating and issued a $7.00 target price on shares of Whiting Petroleum Corporation in a research report on Tuesday, September 19th. Stifel Nicolaus decreased their target price on Whiting Petroleum Corporation from $12.00 to $11.50 and set a “buy” rating for the company in a research report on Thursday, July 27th. Macquarie lowered Whiting Petroleum Corporation from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $5.30 to $5.70 in a research report on Wednesday, June 21st. Finally, Cowen and Company restated a “buy” rating and set a $8.00 target price on shares of Whiting Petroleum Corporation in a research note on Sunday, September 17th. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $10.38.

Shares of Whiting Petroleum Corporation (WLL) opened at 5.46 on Monday. Whiting Petroleum Corporation has a 12-month low of $3.97 and a 12-month high of $13.39. The stock has a 50 day moving average of $4.74 and a 200 day moving average of $6.43. The company’s market cap is $1.98 billion.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Whiting Petroleum Corporation by 0.9% in the second quarter. Vanguard Group Inc. now owns 28,173,403 shares of the oil and gas exploration company’s stock worth $155,236,000 after buying an additional 254,053 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Whiting Petroleum Corporation by 21.0% during the second quarter. Dimensional Fund Advisors LP now owns 25,799,001 shares of the oil and gas exploration company’s stock valued at $142,153,000 after acquiring an additional 4,483,396 shares during the last quarter. Fine Capital Partners L.P. increased its position in Whiting Petroleum Corporation by 53.7% during the second quarter. Fine Capital Partners L.P. now owns 21,336,862 shares of the oil and gas exploration company’s stock valued at $117,566,000 after acquiring an additional 7,450,722 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Whiting Petroleum Corporation by 8.0% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 19,517,667 shares of the oil and gas exploration company’s stock valued at $107,542,000 after acquiring an additional 1,440,273 shares during the last quarter. Finally, Schneider Capital Management Corp increased its position in Whiting Petroleum Corporation by 63.7% during the second quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock valued at $31,570,000 after acquiring an additional 2,230,237 shares during the last quarter. 84.40% of the stock is currently owned by institutional investors.

About Whiting Petroleum Corporation

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 Corporation (NYSE:WLL)

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