Whiting Petroleum Corp (NYSE:WLL) – SunTrust Banks boosted their Q1 2018 earnings per share (EPS) estimates for Whiting Petroleum in a report issued on Sunday, April 22nd. SunTrust Banks analyst N. Dingmann now expects that the oil and gas exploration company will post earnings per share of $0.17 for the quarter, up from their prior estimate of $0.12. SunTrust Banks has a “Buy” rating and a $60.00 price target on the stock. SunTrust Banks also issued estimates for Whiting Petroleum’s Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.29 EPS and FY2020 earnings at $0.76 EPS.
Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings results on Wednesday, February 21st. The oil and gas exploration company reported ($0.17) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.13. Whiting Petroleum had a negative return on equity of 3.96% and a negative net margin of 83.54%. The company had revenue of $474.40 million for the quarter, compared to analysts’ expectations of $424.55 million. During the same period in the previous year, the firm earned ($0.28) EPS. The firm’s revenue was up 38.4% compared to the same quarter last year.
NYSE WLL opened at $40.88 on Tuesday. 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 12 month low of $15.88 and a 12 month high of $40.91. The company has a market capitalization of $3,611.63, a P/E ratio of -31.21, a price-to-earnings-growth ratio of 2.36 and a beta of 2.91.
Institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC bought a new position in Whiting Petroleum in the 3rd quarter valued at $133,000. State of Alaska Department of Revenue bought a new position in Whiting Petroleum in the 4th quarter valued at $138,000. SG Americas Securities LLC bought a new position in Whiting Petroleum in the 3rd quarter valued at $166,000. Aveo Capital Partners LLC bought a new position in Whiting Petroleum in the 4th quarter valued at $306,000. Finally, Phoenix Investment Adviser LLC bought a new position in Whiting Petroleum in the 4th quarter valued at $457,000. 97.58% of the stock is currently owned by institutional investors.
In related news, VP David M. Seery sold 1,059 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $27.77, for a total transaction of $29,408.43. Following the sale, the vice president now owns 37,122 shares in the company, valued at approximately $1,030,877.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.70% of the company’s stock.
About Whiting Petroleum
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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