Trade Report: The Analysts Offer Predictions for Whiting Petroleum Corp.’s FY2016 Earnings (WLL)

The Analysts Offer Predictions for Whiting Petroleum Corp.’s FY2016 Earnings (WLL)

Whiting Petroleum Corp. (NYSE:WLL) – Equities researchers at SunTrust Banks lifted their FY2016 earnings per share estimates for shares of Whiting Petroleum Corp. in a research note issued to investors on Monday. SunTrust Banks analyst N. Dingmann now anticipates that the brokerage will post earnings per share of ($1.78) for the year, up from their previous estimate of ($1.87). SunTrust Banks currently has a “Buy” rating and a $20.00 price target on the stock. SunTrust Banks also issued estimates for Whiting Petroleum Corp.’s FY2017 earnings at ($0.46) EPS.

A number of other equities research analysts also recently issued reports on the stock. Mizuho assumed coverage on shares of Whiting Petroleum Corp. in a report on Wednesday, October 5th. They issued a “neutral” rating and a $9.00 price target on the stock. Vetr downgraded shares of Whiting Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $9.80 price target on the stock. in a report on Monday, October 3rd. Nomura reissued a “hold” rating and issued a $11.00 price target on shares of Whiting Petroleum Corp. in a report on Monday, October 3rd. FBR & Co reissued a “marketperform” rating on shares of Whiting Petroleum Corp. in a report on Monday, September 12th. Finally, Cantor Fitzgerald reissued a “hold” rating on shares of Whiting Petroleum Corp. in a report on Sunday, August 14th. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have assigned a buy rating to the stock. Whiting Petroleum Corp. currently has an average rating of “Hold” and an average price target of $13.16.

Whiting Petroleum Corp. (NYSE:WLL) opened at 9.01 on Wednesday. Whiting Petroleum Corp. has a 12 month low of $3.35 and a 12 month high of $20.66. The firm’s market cap is $2.48 billion. The stock has a 50 day moving average of $7.91 and a 200-day moving average of $9.34.

Whiting Petroleum Corp. (NYSE:WLL) last posted its earnings results on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) EPS for the quarter, missing the consensus estimate of ($0.52) by $0.18. Whiting Petroleum Corp. had a negative return on equity of 9.62% and a negative net margin of 155.88%. The business had revenue of $339.58 million for the quarter, compared to analyst estimates of $374.83 million. During the same quarter in the prior year, the business earned $0.04 earnings per share. The firm’s quarterly revenue was down 42.4% on a year-over-year basis.

Several institutional investors have recently bought and sold shares of WLL. Investors Capital Advisory Services bought a new position in Whiting Petroleum Corp. during the second quarter valued at about $113,000. Comerica Bank raised its position in Whiting Petroleum Corp. by 4.9% in the second quarter. Comerica Bank now owns 15,230 shares of the oil and gas exploration company’s stock valued at $116,000 after buying an additional 709 shares in the last quarter. Baird Financial Group Inc. raised its position in Whiting Petroleum Corp. 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 valued at $121,000 after buying an additional 2,000 shares in the last quarter. Profund Advisors LLC bought a new position in Whiting Petroleum Corp. during the second quarter valued at about $128,000. Finally, Sigma Planning Corp raised its position in Whiting Petroleum Corp. by 33.0% in the second quarter. Sigma Planning Corp now owns 13,989 shares of the oil and gas exploration company’s stock valued at $130,000 after buying an additional 3,471 shares in the last quarter. 77.29% of the stock is owned by hedge funds and other institutional investors.

About Whiting Petroleum Corp.

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