Whiting Petroleum Corp (NYSE:WLL) – Analysts at Capital One Financial increased their FY2020 earnings per share (EPS) estimates for Whiting Petroleum in a report released on Wednesday, July 10th. Capital One Financial analyst B. Velie now forecasts that the oil and gas exploration company will earn $2.84 per share for the year, up from their prior forecast of $2.83. Capital One Financial has a “Overweight” rating on the stock.
Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings data on Wednesday, May 1st. The oil and gas exploration company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.36). The business had revenue of $389.50 million during the quarter, compared to analysts’ expectations of $421.43 million. Whiting Petroleum had a return on equity of 2.98% and a net margin of 13.22%. The business’s quarterly revenue was down 24.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 EPS.
A number of other equities analysts also recently issued reports on the stock. KeyCorp raised their price objective on shares of WPX Energy from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Ifs Securities raised shares of SRC Energy from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, April 23rd. ValuEngine downgraded shares of Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. SunTrust Banks reaffirmed a “buy” rating and set a $35.00 price target on shares of Whiting Petroleum in a report on Monday, June 24th. Finally, Bank of America set a $54.00 price target on shares of Fortis and gave the company a “buy” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $43.64.
WLL opened at $17.38 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $1.59 billion, a P/E ratio of 7.97 and a beta of 2.91. The business has a 50 day simple moving average of $17.76. Whiting Petroleum has a 12-month low of $15.40 and a 12-month high of $55.17.
A number of large investors have recently modified their holdings of WLL. Whittier Trust Co. lifted its holdings in shares of Whiting Petroleum by 89.9% in the first quarter. Whittier Trust Co. now owns 1,092 shares of the oil and gas exploration company’s stock worth $29,000 after buying an additional 517 shares in the last quarter. Investors Research Corp lifted its holdings in shares of Whiting Petroleum by 113.3% in the second quarter. Investors Research Corp now owns 1,600 shares of the oil and gas exploration company’s stock worth $30,000 after buying an additional 850 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Whiting Petroleum by 78.8% in the first quarter. Meeder Asset Management Inc. now owns 2,222 shares of the oil and gas exploration company’s stock worth $58,000 after buying an additional 979 shares in the last quarter. LS Investment Advisors LLC purchased a new position in shares of Whiting Petroleum in the first quarter worth $70,000. Finally, Advisor Group Inc. lifted its holdings in shares of Whiting Petroleum by 13.7% in the fourth quarter. Advisor Group Inc. now owns 5,526 shares of the oil and gas exploration company’s stock worth $126,000 after buying an additional 665 shares in the last quarter. 99.70% of the stock is currently owned by institutional investors and hedge funds.
About Whiting Petroleum
Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.
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