Whiting Petroleum Co. (NYSE:WLL) – Equities research analysts at Piper Jaffray Companies lifted their Q2 2018 earnings estimates for Whiting Petroleum in a research note issued on Sunday, May 20th. Piper Jaffray Companies analyst K. Harrison now forecasts that the oil and gas exploration company will earn $0.85 per share for the quarter, up from their previous forecast of $0.33. Piper Jaffray Companies currently has a “Hold” rating and a $46.00 target price on the stock. Piper Jaffray Companies also issued estimates for Whiting Petroleum’s Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $1.16 EPS, FY2018 earnings at $3.90 EPS, Q1 2019 earnings at $1.70 EPS, Q2 2019 earnings at $1.48 EPS, Q3 2019 earnings at $1.47 EPS, Q4 2019 earnings at $1.59 EPS and FY2019 earnings at $6.24 EPS.
Get Whiting Petroleum alerts:
Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings results on Monday, April 30th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.70. Whiting Petroleum had a negative return on equity of 1.08% and a negative net margin of 69.88%. The firm had revenue of $515.10 million during the quarter, compared to the consensus estimate of $476.68 million. During the same period last year, the company earned ($0.15) earnings per share. The company’s revenue was up 38.7% on a year-over-year basis.
Several other equities analysts also recently weighed in on WLL. Morgan Stanley raised their price target on Whiting Petroleum from $14.40 to $22.00 and gave the company a “sell” rating in a report on Wednesday, January 24th. Jefferies Group set a $29.00 price target on Whiting Petroleum and gave the company a “hold” rating in a report on Tuesday, January 30th. Goldman Sachs upgraded Whiting Petroleum from a “sell” rating to a “neutral” rating in a report on Thursday, February 1st. ValuEngine downgraded Whiting Petroleum from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Finally, Tudor Pickering upgraded Whiting Petroleum from a “sell” rating to a “hold” rating in a report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $41.55.
Shares of Whiting Petroleum opened at $50.48 on Wednesday, MarketBeat.com reports. Whiting Petroleum has a 1-year low of $15.88 and a 1-year high of $54.04. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.73. The firm has a market cap of $4.73 billion, a PE ratio of -38.53, a P/E/G ratio of 2.82 and a beta of 2.90.
In other Whiting Petroleum news, VP David M. Seery sold 1,059 shares of the firm’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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new position in shares of Whiting Petroleum during the 4th quarter valued at about $138,000. Aull & Monroe Investment Management Corp purchased a new position in shares of Whiting Petroleum during the 1st quarter valued at about $206,000. Syntal Capital Partners LLC purchased a new position in shares of Whiting Petroleum during the 1st quarter valued at about $225,000. M&T Bank Corp purchased a new position in shares of Whiting Petroleum during the 1st quarter valued at about $236,000. Finally, Sapphire Star Partners LP purchased a new position in shares of Whiting Petroleum during the 1st quarter valued at about $237,000.
Whiting Petroleum Company Profile
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.