Trade Report: Today, FY2016 EPS Estimates for Whiting Petroleum Corp. (WLL) Decreased by Analyst

Today, FY2016 EPS Estimates for Whiting Petroleum Corp. (WLL) Decreased by Analyst

Whiting Petroleum Corp. (NYSE:WLL) – Equities researchers at Capital One Financial Corp. cut their FY2016 EPS estimates for Whiting Petroleum Corp. in a report released on Tuesday. Capital One Financial Corp. analyst B. Velie now anticipates that the brokerage will post earnings of ($2.27) per share for the year, down from their prior estimate of ($2.26). Capital One Financial Corp. also issued estimates for Whiting Petroleum Corp.’s FY2017 earnings at ($0.98) EPS.

Several other equities research analysts have also weighed in on the company. FBR & Co reaffirmed a “marketperform” rating on shares of Whiting Petroleum Corp. in a research report on Monday, September 12th. Vetr raised Whiting Petroleum Corp. from a “buy” rating to a “strong-buy” rating and set a $9.80 target price for the company in a research report on Monday, October 17th. KLR Group raised their target price on Whiting Petroleum Corp. from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, October 31st. Canaccord Genuity reaffirmed a “buy” rating and issued a $13.00 target price on shares of Whiting Petroleum Corp. in a research report on Friday, July 29th. Finally, Wunderlich raised their target price on Whiting Petroleum Corp. from $7.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $12.07.

Shares of Whiting Petroleum Corp. (NYSE:WLL) opened at 10.06 on Friday. The stock’s market cap is $2.82 billion. Whiting Petroleum Corp. has a 12 month low of $3.35 and a 12 month high of $17.04. The stock has a 50 day moving average price of $8.84 and a 200 day moving average price of $9.09.

Whiting Petroleum Corp. (NYSE:WLL) last issued 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. Whiting Petroleum Corp. had a negative return on equity of 11.83% and a negative net margin of 106.77%. The company earned $129.23 million during the quarter, compared to analysts’ expectations of $350.95 million. During the same period in the previous year, the company earned ($0.17) EPS. Whiting Petroleum Corp.’s quarterly revenue was down 74.6% on a year-over-year basis.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Third Point LLC acquired a new position in shares of Whiting Petroleum Corp. during the second quarter valued at approximately $75,932,000. Vanguard Group Inc. increased its position in shares of Whiting Petroleum Corp. by 20.4% in the second quarter. Vanguard Group Inc. now owns 17,478,715 shares of the oil and gas exploration company’s stock valued at $161,853,000 after buying an additional 2,961,485 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Whiting Petroleum Corp. by 329.4% in the second quarter. Victory Capital Management Inc. now owns 3,234,694 shares of the oil and gas exploration company’s stock valued at $29,953,000 after buying an additional 2,481,447 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Whiting Petroleum Corp. during the second quarter valued at approximately $20,930,000. Finally, First Trust Advisors LP increased its position in shares of Whiting Petroleum Corp. by 79.5% in the second quarter. First Trust Advisors LP now owns 4,001,939 shares of the oil and gas exploration company’s stock valued at $37,058,000 after buying an additional 1,772,115 shares during the last quarter. 74.21% of the stock is currently owned by institutional investors and hedge funds.

About Whiting Petroleum Corp.

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