Equities Analysts Issue Forecasts for Whiting Petroleum Corp’s FY2018 Earnings (WLL)

Whiting Petroleum Corp (NYSE:WLL) – Investment analysts at Seaport Global Securities upped their FY2018 earnings estimates for Whiting Petroleum in a research report issued on Tuesday, April 3rd. Seaport Global Securities analyst M. Kelly now expects that the oil and gas exploration company will post earnings per share of $1.63 for the year, up from their previous forecast of $1.32. Seaport Global Securities currently has a “Buy” rating and a $40.00 target price on the stock. Seaport Global Securities also issued estimates for Whiting Petroleum’s Q4 2018 earnings at $0.58 EPS and Q4 2019 earnings at $0.47 EPS.

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A number of other equities analysts also recently issued reports on the stock. SunTrust Banks set a $44.00 price objective on shares of Whiting Petroleum and gave the company a “buy” rating in a research note on Friday. Deutsche Bank began coverage on shares of Whiting Petroleum in a research note on Wednesday. They set a “buy” rating and a $48.00 price objective on the stock. Stifel Nicolaus set a $45.00 price objective on shares of Whiting Petroleum and gave the company a “buy” rating in a research note on Wednesday, March 28th. Johnson Rice initiated coverage on shares of Whiting Petroleum in a research note on Wednesday, March 21st. They issued a “buy” rating and a $58.00 target price for the company. Finally, Piper Jaffray set a $45.00 target price on shares of Whiting Petroleum and gave the company a “hold” rating in a research note on Wednesday, March 14th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $34.64.

NYSE WLL opened at $33.70 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 0.77. Whiting Petroleum has a 52-week low of $15.88 and a 52-week high of $39.24. The company has a market cap of $3,019.69, a PE ratio of -25.73, a price-to-earnings-growth ratio of 4.01 and a beta of 2.91.

Whiting Petroleum (NYSE:WLL) last released its quarterly earnings data on Wednesday, February 21st. The oil and gas exploration company reported ($0.17) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.13. Whiting Petroleum had a negative net margin of 83.54% and a negative return on equity of 3.96%. The firm had revenue of $474.40 million for the quarter, compared to the consensus estimate of $424.55 million. During the same period last year, the firm earned ($0.28) earnings per share. The company’s quarterly revenue was up 38.4% on a year-over-year basis.

In other Whiting Petroleum news, VP David M. Seery sold 1,059 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $27.77, for a total value of $29,408.43. Following the completion of the transaction, the vice president now owns 37,122 shares of the company’s stock, valued at $1,030,877.94. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Pin Oak Investment Advisors Inc. purchased a new position in shares of Whiting Petroleum in the fourth quarter worth $918,000. Gotham Asset Management LLC purchased a new position in shares of Whiting Petroleum in the fourth quarter worth $2,686,000. Two Sigma Advisers LP purchased a new position in shares of Whiting Petroleum in the fourth quarter worth $1,888,000. Encompass Capital Advisors LLC purchased a new position in shares of Whiting Petroleum in the fourth quarter worth $31,776,000. Finally, Quantitative Investment Management LLC purchased a new position in shares of Whiting Petroleum during the fourth quarter worth $473,000. 97.55% of the stock is owned by institutional investors and hedge funds.

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Whiting Petroleum 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.

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

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