Whiting Petroleum Corp (NYSE:WLL) – Investment analysts at Seaport Global Securities lifted their Q1 2018 EPS estimates for shares of Whiting Petroleum in a report issued on Wednesday, according to Zacks Investment Research. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas exploration company will post earnings of $0.23 per share for the quarter, up from their previous estimate of ($0.24). Seaport Global Securities has a “Buy” rating and a $40.00 price target on the stock. Seaport Global Securities also issued estimates for Whiting Petroleum’s Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.42 EPS and FY2018 earnings at $1.32 EPS.
WLL has been the topic of a number of other research reports. Zacks Investment Research cut Whiting Petroleum from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. KeyCorp set a $35.00 price objective on Whiting Petroleum and gave the stock a “buy” rating in a research note on Sunday, January 21st. Tudor Pickering upgraded Whiting Petroleum from a “sell” rating to a “hold” rating in a research note on Monday, February 12th. R. F. Lafferty restated a “hold” rating and set a $28.00 price objective on shares of Whiting Petroleum in a research note on Tuesday, December 12th. Finally, Credit Suisse Group began coverage on Whiting Petroleum in a research note on Monday, December 11th. They set a “neutral” rating and a $29.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $34.74.
Shares of WLL stock traded up $0.36 on Friday, hitting $33.62. The company’s stock had a trading volume of 5,100,041 shares, compared to its average volume of 4,889,309. The firm has a market capitalization of $3,056.97, a PE ratio of -2.46, a PEG ratio of 5.43 and a beta of 3.18. Whiting Petroleum has a 12 month low of $15.88 and a 12 month high of $41.48. 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 (NYSE:WLL) last issued its earnings results on Wednesday, February 21st. The oil and gas exploration company reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.13. The firm had revenue of $474.40 million for the quarter, compared to analysts’ expectations of $424.55 million. Whiting Petroleum had a negative return on equity of 3.96% and a negative net margin of 83.54%. The firm’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.28) earnings per share.
Institutional investors have recently made changes to their positions in the stock. DFT Energy LP increased its holdings in Whiting Petroleum by 25.0% in the third quarter. DFT Energy LP now owns 2,000,000 shares of the oil and gas exploration company’s stock valued at $11,060,000 after buying an additional 400,000 shares during the last quarter. Aveo Capital Partners LLC bought a new position in shares of Whiting Petroleum during the fourth quarter valued at approximately $306,000. Nisa Investment Advisors LLC bought a new position in shares of Whiting Petroleum during the fourth quarter valued at approximately $1,589,000. Ninepoint Partners LP bought a new position in shares of Whiting Petroleum during the third quarter valued at approximately $2,239,000. Finally, South Dakota Investment Council grew its holdings in shares of Whiting Petroleum by 38.3% during the third quarter. South Dakota Investment Council now owns 611,709 shares of the oil and gas exploration company’s stock valued at $3,340,000 after purchasing an additional 169,515 shares during the last quarter. 97.55% of the stock is owned by hedge funds and other institutional investors.
In related news, VP David M. Seery sold 1,059 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $27.77, for a total value of $29,408.43. Following the completion of the sale, the vice president now directly owns 37,122 shares of the company’s stock, valued at $1,030,877.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by insiders.
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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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