FY2016 Earnings Forecast for Whiting Petroleum Corporation (WLL) Issued By SunTrust Banks

Whiting Petroleum Corporation (NYSE:WLL) – SunTrust Banks reduced their FY2016 earnings per share (EPS) estimates for shares of Whiting Petroleum Corporation in a research note issued on Sunday. SunTrust Banks analyst N. Dingmann now anticipates that the firm will post earnings of ($2.28) per share for the year, down from their previous estimate of ($2.10). SunTrust Banks has a “Buy” rating and a $20.00 price objective on the stock. SunTrust Banks also issued estimates for Whiting Petroleum Corporation’s Q4 2016 earnings at ($0.35) EPS and FY2017 earnings at ($0.90) EPS.

WLL has been the topic of several other reports. Canaccord Genuity set a $14.00 target price on shares of Whiting Petroleum Corporation and gave the company a “buy” rating in a report on Tuesday, November 22nd. Vetr lowered shares of Whiting Petroleum Corporation from a “strong-buy” rating to a “buy” rating and set a $14.01 price objective on the stock. in a report on Tuesday, December 27th. KLR Group upped their price objective on shares of Whiting Petroleum Corporation from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, October 31st. RBC Capital Markets restated a “hold” rating and issued a $12.00 price objective (up from $10.00) on shares of Whiting Petroleum Corporation in a report on Friday, November 25th. Finally, R. F. Lafferty assumed coverage on shares of Whiting Petroleum Corporation in a report on Wednesday, December 21st. They issued a “buy” rating and a $23.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Whiting Petroleum Corporation presently has an average rating of “Hold” and a consensus price target of $12.83.

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

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Shares of Whiting Petroleum Corporation (NYSE:WLL) traded up 3.39% during midday trading on Wednesday, reaching $12.82. 6,677,920 shares of the company’s stock traded hands. Whiting Petroleum Corporation has a 1-year low of $3.35 and a 1-year high of $14.44. The stock’s market capitalization is $3.59 billion. The firm’s 50-day moving average price is $11.90 and its 200 day moving average price is $9.08.

Whiting Petroleum Corporation (NYSE:WLL) last announced its earnings results on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by $0.07. The firm earned $129.23 million during the quarter, compared to analyst estimates of $350.95 million. Whiting Petroleum Corporation had a negative net margin of 106.77% and a negative return on equity of 11.83%. Whiting Petroleum Corporation’s revenue was down 74.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.17) earnings per share.

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Several institutional investors have recently made changes to their positions in WLL. Clinton Group Inc. bought a new position in shares of Whiting Petroleum Corporation during the third quarter worth about $102,000. Moors & Cabot Inc. increased its position in shares of Whiting Petroleum Corporation by 2.9% in the third quarter. Moors & Cabot Inc. now owns 11,650 shares of the oil and gas exploration company’s stock worth $102,000 after buying an additional 323 shares in the last quarter. World Asset Management Inc bought a new position in shares of Whiting Petroleum Corporation during the third quarter worth about $110,000. Profund Advisors LLC bought a new position in shares of Whiting Petroleum Corporation during the second quarter worth about $128,000. Finally, Baird Financial Group Inc. increased its position in shares of Whiting Petroleum Corporation by 16.9% in the second quarter. Baird Financial Group Inc. now owns 13,855 shares of the oil and gas exploration company’s stock worth $121,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 94.16% of the company’s stock.

Whiting Petroleum Corporation Company Profile

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 and Permian Basin regions of the United States. The Company operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

5 Day Chart for NYSE:WLL

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