Whiting Petroleum Corporation to Post FY2017 Earnings of ($0.67) Per Share, KeyCorp Forecasts (NYSE:WLL)

Whiting Petroleum Corporation (NYSE:WLL) – Equities research analysts at KeyCorp upped their FY2017 earnings per share estimates for Whiting Petroleum Corporation in a report released on Wednesday. KeyCorp analyst D. Deckelbaum now anticipates that the oil and gas exploration company will post earnings per share of ($0.67) for the year, up from their prior estimate of ($0.68). KeyCorp also issued estimates for Whiting Petroleum Corporation’s FY2018 earnings at ($0.66) EPS.

Whiting Petroleum Corporation (NYSE:WLL) last announced its quarterly earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.01. The company had revenue of $311.50 million during the quarter, compared to analysts’ expectations of $345.64 million. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. Whiting Petroleum Corporation’s revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.70) EPS.

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Several other equities research analysts have also recently issued reports on WLL. FBR & Co decreased their price objective on shares of Whiting Petroleum Corporation from $13.00 to $11.00 and set a “mkt perform” rating for the company in a research report on Wednesday, May 10th. R. F. Lafferty upped their target price on shares of Whiting Petroleum Corporation from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, April 27th. BMO Capital Markets set a $10.00 price target on shares of Whiting Petroleum Corporation and gave the stock a “hold” rating in a research note on Monday, May 15th. Seaport Global Securities lowered shares of Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $10.00 to $4.00 in a research note on Wednesday, June 21st. Finally, Credit Suisse Group lowered shares of Whiting Petroleum Corporation from an “outperform” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research report on Thursday, June 1st. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $11.28.

Shares of Whiting Petroleum Corporation (NYSE:WLL) opened at 5.25 on Monday. The company’s market capitalization is $1.90 billion. The company’s 50-day moving average price is $5.41 and its 200-day moving average price is $8.41. Whiting Petroleum Corporation has a 1-year low of $4.81 and a 1-year high of $13.39.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank increased its position in shares of Whiting Petroleum Corporation by 26.2% in the fourth quarter. Comerica Bank now owns 28,832 shares of the oil and gas exploration company’s stock valued at $353,000 after buying an additional 5,988 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Whiting Petroleum Corporation by 274.9% in the fourth quarter. Teachers Advisors LLC now owns 1,051,101 shares of the oil and gas exploration company’s stock valued at $12,634,000 after buying an additional 770,726 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Whiting Petroleum Corporation by 5.6% in the fourth quarter. Macquarie Group Ltd. now owns 1,826,932 shares of the oil and gas exploration company’s stock valued at $21,960,000 after buying an additional 97,096 shares in the last quarter. Foundry Partners LLC raised its position in shares of Whiting Petroleum Corporation by 13.8% in the first quarter. Foundry Partners LLC now owns 19,800 shares of the oil and gas exploration company’s stock valued at $187,000 after buying an additional 2,400 shares in the last quarter. Finally, Creative Planning raised its position in shares of Whiting Petroleum Corporation by 26.2% in the first quarter. Creative Planning now owns 146,683 shares of the oil and gas exploration company’s stock valued at $1,388,000 after buying an additional 30,432 shares in the last quarter. Institutional investors and hedge funds own 82.61% of the company’s stock.

About Whiting Petroleum Corporation

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.

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

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