Analysts Anticipate Whiting Petroleum Corp (NYSE:WLL) to Post $0.15 Earnings Per Share

Brokerages forecast that Whiting Petroleum Corp (NYSE:WLL) will announce earnings per share of $0.15 for the current fiscal quarter, according to Zacks. Twelve analysts have issued estimates for Whiting Petroleum’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at ($0.32). Whiting Petroleum reported earnings per share of $0.92 in the same quarter last year, which would indicate a negative year-over-year growth rate of 83.7%. The company is expected to announce its next quarterly earnings results on Tuesday, October 29th.

On average, analysts expect that Whiting Petroleum will report full year earnings of $0.17 per share for the current financial year, with EPS estimates ranging from ($0.90) to $1.68. For the next fiscal year, analysts expect that the firm will post earnings of $1.58 per share, with EPS estimates ranging from ($1.03) to $9.82. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Whiting Petroleum.

Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings results on Wednesday, July 31st. The oil and gas exploration company reported ($0.28) EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.52). The company had revenue of $426.26 million during the quarter, compared to analysts’ expectations of $452.02 million. Whiting Petroleum had a return on equity of 0.96% and a net margin of 13.51%. Whiting Petroleum’s revenue for the quarter was down 19.0% on a year-over-year basis. During the same period last year, the firm earned $0.62 earnings per share.



A number of brokerages have commented on WLL. Morgan Stanley decreased their price target on Whiting Petroleum from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Friday, July 12th. Citigroup decreased their price target on Whiting Petroleum from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, July 18th. LADENBURG THALM/SH SH cut Whiting Petroleum from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $30.00 to $20.00 in a research note on Thursday, August 1st. Oppenheimer cut Whiting Petroleum from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 1st. Finally, Ifs Securities cut Whiting Petroleum from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $35.45.

Whiting Petroleum stock traded down $0.33 during trading hours on Thursday, reaching $8.26. The company had a trading volume of 5,417,392 shares, compared to its average volume of 5,425,485. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a 50-day simple moving average of $14.92. The stock has a market cap of $763.27 million, a price-to-earnings ratio of 3.79 and a beta of 2.97. Whiting Petroleum has a 12-month low of $8.08 and a 12-month high of $55.17.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Voloridge Investment Management LLC bought a new position in shares of Whiting Petroleum in the second quarter worth about $7,818,000. Victory Capital Management Inc. boosted its stake in shares of Whiting Petroleum by 13,495.9% in the second quarter. Victory Capital Management Inc. now owns 1,073,529 shares of the oil and gas exploration company’s stock worth $20,054,000 after acquiring an additional 1,065,633 shares during the period. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Whiting Petroleum by 40.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 157,330 shares of the oil and gas exploration company’s stock worth $2,939,000 after acquiring an additional 45,100 shares during the period. Cubist Systematic Strategies LLC boosted its stake in shares of Whiting Petroleum by 1,583.2% in the second quarter. Cubist Systematic Strategies LLC now owns 121,846 shares of the oil and gas exploration company’s stock worth $2,276,000 after acquiring an additional 114,607 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Whiting Petroleum by 183.1% in the second quarter. AQR Capital Management LLC now owns 2,468,822 shares of the oil and gas exploration company’s stock worth $45,229,000 after acquiring an additional 1,596,609 shares during the period. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

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

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