Wall Street analysts expect Whiting Petroleum Corporation (NYSE:WLL) to announce $337.74 million in sales for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Whiting Petroleum Corporation’s earnings, with the lowest sales estimate coming in at $294.80 million and the highest estimate coming in at $371.21 million. Whiting Petroleum Corporation posted sales of $129.23 million in the same quarter last year, which suggests a positive year-over-year growth rate of 161.3%. The firm is expected to issue its next earnings results on Wednesday, October 25th.
On average, analysts expect that Whiting Petroleum Corporation will report full-year sales of $337.74 million for the current financial year, with estimates ranging from $1.31 billion to $1.53 billion. For the next year, analysts forecast that the business will report sales of $1.62 billion per share, with estimates ranging from $1.19 billion to $2.13 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Whiting Petroleum Corporation.
Whiting Petroleum Corporation (NYSE:WLL) last released its quarterly earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. The business had revenue of $311.50 million for the quarter, compared to analysts’ expectations of $345.64 million. During the same period in the previous year, the company earned ($0.70) earnings per share. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year.
Several analysts recently commented on WLL shares. Citigroup Inc. cut their price objective on shares of Whiting Petroleum Corporation from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, July 13th. Seaport Global Securities downgraded shares of Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and cut their price objective for the company from $10.00 to $4.00 in a research report on Wednesday, June 21st. Cowen and Company set a $8.00 price objective on shares of Whiting Petroleum Corporation and gave the company a “buy” rating in a research report on Tuesday, July 18th. Zacks Investment Research raised shares of Whiting Petroleum Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, BidaskClub downgraded shares of Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $11.28.
Whiting Petroleum Corporation (WLL) opened at 4.47 on Friday. The stock’s market capitalization is $1.62 billion. Whiting Petroleum Corporation has a 12-month low of $4.18 and a 12-month high of $13.39. The company’s 50-day moving average is $4.82 and its 200 day moving average is $7.34. Whiting Petroleum Corporation also saw some unusual options trading activity on Wednesday. Investors bought 1,246 put options on the stock. This is an increase of 159% compared to the average volume of 482 put options.
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Large investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC boosted its stake in Whiting Petroleum Corporation by 1.4% in the second quarter. ProShare Advisors LLC now owns 28,373 shares of the oil and gas exploration company’s stock worth $156,000 after buying an additional 388 shares during the last quarter. First Allied Advisory Services Inc. boosted its stake in Whiting Petroleum Corporation by 2.0% in the second quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock worth $138,000 after buying an additional 475 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Whiting Petroleum Corporation by 2.2% in the first quarter. Teacher Retirement System of Texas now owns 22,179 shares of the oil and gas exploration company’s stock worth $210,000 after buying an additional 487 shares during the last quarter. World Asset Management Inc boosted its stake in Whiting Petroleum Corporation by 4.7% in the first quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock worth $120,000 after buying an additional 570 shares during the last quarter. Finally, Sentinel Trust Co. LBA boosted its stake in Whiting Petroleum Corporation by 0.6% in the second quarter. Sentinel Trust Co. LBA now owns 151,560 shares of the oil and gas exploration company’s stock worth $835,000 after buying an additional 850 shares during the last quarter. Institutional investors own 83.96% 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 region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.
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