Q4 2017 EPS Estimates for Whiting Petroleum Corp (WLL) Increased by Analyst
Whiting Petroleum Corp (NYSE:WLL) – Investment analysts at Jefferies Group upped their Q4 2017 EPS estimates for Whiting Petroleum in a research report issued to clients and investors on Wednesday. Jefferies Group analyst M. Lear now forecasts that the oil and gas exploration company will earn ($0.29) per share for the quarter, up from their previous forecast of ($0.44). Jefferies Group currently has a “Hold” rating and a $24.00 price objective on the stock. Jefferies Group also issued estimates for Whiting Petroleum’s Q1 2018 earnings at ($0.26) EPS, Q2 2018 earnings at ($0.28) EPS, Q3 2018 earnings at ($0.28) EPS, Q4 2018 earnings at ($0.33) EPS, FY2018 earnings at ($1.15) EPS, Q1 2019 earnings at ($0.30) EPS, Q2 2019 earnings at ($0.36) EPS, Q3 2019 earnings at ($0.37) EPS and FY2019 earnings at ($1.40) EPS.
WLL has been the topic of a number of other reports. Tudor Pickering downgraded shares of Whiting Petroleum from a “hold” rating to a “sell” rating in a research note on Tuesday, September 5th. ValuEngine downgraded shares of Whiting Petroleum from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Morgan Stanley set a $16.00 price target on shares of Whiting Petroleum and gave the stock a “sell” rating in a research report on Wednesday, October 18th. Zacks Investment Research downgraded shares of Whiting Petroleum from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Barclays set a $20.00 price target on shares of Whiting Petroleum and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Seven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $33.62.
Whiting Petroleum (NYSE WLL) opened at $25.14 on Monday. Whiting Petroleum has a 52 week low of $15.88 and a 52 week high of $53.48. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The company has a market cap of $2,280.16, a price-to-earnings ratio of -3.49 and a beta of 3.40.
Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings data on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.24. Whiting Petroleum had a negative net margin of 45.39% and a negative return on equity of 5.06%. The firm had revenue of $324.20 million for the quarter, compared to the consensus estimate of $330.25 million. During the same period in the prior year, the firm posted ($1.88) EPS. The firm’s revenue was up 2.8% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wealthsource Partners LLC raised its position in Whiting Petroleum by 51.8% during the third quarter. Wealthsource Partners LLC now owns 79,875 shares of the oil and gas exploration company’s stock valued at $436,000 after acquiring an additional 27,250 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Whiting Petroleum by 5.9% in the third quarter. California Public Employees Retirement System now owns 685,691 shares of the oil and gas exploration company’s stock valued at $3,744,000 after purchasing an additional 37,993 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Whiting Petroleum in the third quarter valued at approximately $133,000. Janus Henderson Group PLC raised its position in shares of Whiting Petroleum by 28.7% in the third quarter. Janus Henderson Group PLC now owns 1,026,744 shares of the oil and gas exploration company’s stock valued at $5,606,000 after purchasing an additional 228,987 shares during the period. Finally, DW Partners LP bought a new position in shares of Whiting Petroleum in the third quarter valued at approximately $10,390,000.
About Whiting Petroleum
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.
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