The Q3 2016 EPS Estimates for Whiting Petroleum Corp. (WLL) Increased by Analyst

The Q3 2016 EPS Estimates for Whiting Petroleum Corp. (WLL) Increased by Analyst

Whiting Petroleum Corp. (NYSE:WLL) – Equities research analysts at FBR & Co upped their Q3 2016 EPS estimates for shares of Whiting Petroleum Corp. in a note issued to investors on Wednesday. FBR & Co analyst J. Allman now forecasts that the brokerage will earn ($0.45) per share for the quarter, up from their previous estimate of ($0.46). FBR & Co has a “Marketperform” rating on the stock. FBR & Co also issued estimates for Whiting Petroleum Corp.’s Q4 2016 earnings at ($0.43) EPS, FY2016 earnings at ($2.34) EPS, FY2017 earnings at ($1.68) EPS and FY2018 earnings at ($1.66) EPS.

Whiting Petroleum Corp. (NYSE:WLL) last released its quarterly earnings data on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.40) by $0.07. The company had revenue of $129.23 million for the quarter, compared to the consensus estimate of $350.95 million. Whiting Petroleum Corp. had a negative return on equity of 11.77% and a negative net margin of 106.77%. The business’s revenue was down 74.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.17) earnings per share.

Other research analysts have also recently issued research reports about the stock. Vetr upgraded shares of Whiting Petroleum Corp. from a “buy” rating to a “strong-buy” rating and set a $11.03 target price for the company in a research note on Monday. Canaccord Genuity reiterated a “buy” rating and issued a $12.00 target price on shares of Whiting Petroleum Corp. in a research note on Thursday. Barclays PLC cut their target price on shares of Whiting Petroleum Corp. from $12.00 to $9.00 and set an “equal weight” rating for the company in a research note on Friday, July 29th. Zacks Investment Research cut shares of Whiting Petroleum Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Finally, Morgan Stanley cut their target price on shares of Whiting Petroleum Corp. from $13.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $12.30.

Shares of Whiting Petroleum Corp. (NYSE:WLL) opened at 8.82 on Monday. The stock’s 50 day moving average price is $8.20 and its 200 day moving average price is $9.37. The company’s market capitalization is $2.51 billion. Whiting Petroleum Corp. has a 1-year low of $3.35 and a 1-year high of $19.73.

Large investors have recently modified their holdings of the company. Palisade Capital Management LLC NJ bought a new stake in shares of Whiting Petroleum Corp. during the second quarter valued at about $167,000. Investors Capital Advisory Services bought a new stake in shares of Whiting Petroleum Corp. during the second quarter valued at about $113,000. Fox Run Management L.L.C. bought a new stake in shares of Whiting Petroleum Corp. during the second quarter valued at about $144,000. Putnam FL Investment Management Co. increased its stake in shares of Whiting Petroleum Corp. by 1.1% in the second quarter. Putnam FL Investment Management Co. now owns 18,780 shares of the oil and gas exploration company’s stock valued at $174,000 after buying an additional 200 shares during the period. Finally, Lorber David A bought a new stake in shares of Whiting Petroleum Corp. during the first quarter valued at about $199,000. Hedge funds and other institutional investors own 77.33% of the company’s stock.

About Whiting Petroleum Corp.

Related posts

Leave a Comment