Zacks: Analysts Anticipate Whiting Petroleum Corp (NYSE:WLL) to Announce -$0.28 EPS

Analysts expect that Whiting Petroleum Corp (NYSE:WLL) will post earnings per share of ($0.28) for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Whiting Petroleum’s earnings, with estimates ranging from ($0.56) to $0.21. Whiting Petroleum posted earnings of ($0.05) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 460%. The company is expected to announce its next earnings report on Tuesday, February 25th.

According to Zacks, analysts expect that Whiting Petroleum will report full year earnings of ($1.09) per share for the current fiscal year, with EPS estimates ranging from ($1.49) to ($0.34). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.59) per share, with EPS estimates ranging from ($2.12) to $0.53. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Whiting Petroleum.

Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings results on Tuesday, November 5th. The oil and gas exploration company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.30). Whiting Petroleum had a net margin of 6.62% and a negative return on equity of 1.90%. The business had revenue of $372.89 million during the quarter, compared to analyst estimates of $405.25 million. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The firm’s quarterly revenue was down 34.2% on a year-over-year basis.

Several research firms recently issued reports on WLL. UBS Group dropped their target price on Whiting Petroleum from $21.00 to $6.50 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. Bank of America downgraded Whiting Petroleum from a “buy” rating to a “neutral” rating and decreased their price target for the company from $19.00 to $11.00 in a research note on Tuesday, September 10th. Stephens lowered Whiting Petroleum from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $24.00 to $14.00 in a research report on Monday, August 19th. Morgan Stanley dropped their price objective on Whiting Petroleum from $9.00 to $7.75 and set an “equal weight” rating on the stock in a research note on Friday, October 4th. Finally, Citigroup downgraded Whiting Petroleum from a “buy” rating to a “neutral” rating and cut their price objective for the company from $14.00 to $10.50 in a report on Monday, September 23rd. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $14.51.

Shares of NYSE WLL opened at $4.56 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.44 and a quick ratio of 0.44. The business has a 50-day moving average of $6.38 and a 200-day moving average of $11.56. The stock has a market capitalization of $418.15 million, a price-to-earnings ratio of 2.09 and a beta of 3.15. Whiting Petroleum has a fifty-two week low of $4.53 and a fifty-two week high of $33.45.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System raised its position in shares of Whiting Petroleum by 0.9% in the second quarter. Arizona State Retirement System now owns 141,595 shares of the oil and gas exploration company’s stock valued at $2,645,000 after purchasing an additional 1,223 shares during the period. United Services Automobile Association boosted its holdings in shares of Whiting Petroleum by 7.7% during the 2nd quarter. United Services Automobile Association now owns 18,666 shares of the oil and gas exploration company’s stock worth $349,000 after buying an additional 1,340 shares during the period. Personal Wealth Partners bought a new stake in shares of Whiting Petroleum during the 2nd quarter worth about $44,000. Oppenheimer & Co. Inc. grew its stake in Whiting Petroleum by 12.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 23,825 shares of the oil and gas exploration company’s stock valued at $191,000 after buying an additional 2,679 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in Whiting Petroleum by 58.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 9,681 shares of the oil and gas exploration company’s stock valued at $78,000 after buying an additional 3,570 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

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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