Wall Street analysts expect Whiting Petroleum Corp (NYSE:WLL) to report $417.27 million in sales for the current quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for Whiting Petroleum’s earnings. The lowest sales estimate is $384.95 million and the highest is $440.90 million. Whiting Petroleum posted sales of $515.08 million in the same quarter last year, which would indicate a negative year over year growth rate of 19%. The firm is expected to report its next earnings results before the market opens on Thursday, May 2nd.

According to Zacks, analysts expect that Whiting Petroleum will report full year sales of $1.88 billion for the current year, with estimates ranging from $1.72 billion to $2.03 billion. For the next year, analysts forecast that the firm will report sales of $2.08 billion, with estimates ranging from $1.75 billion to $3.25 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Whiting Petroleum.

Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings results on Tuesday, February 26th. The oil and gas exploration company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.55). Whiting Petroleum had a return on equity of 5.45% and a net margin of 16.45%. The firm had revenue of $473.20 million during the quarter, compared to analyst estimates of $484.96 million. During the same quarter last year, the business posted ($0.17) earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis.

A number of brokerages recently issued reports on WLL. Zacks Investment Research upgraded shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a report on Saturday, February 9th. Morgan Stanley cut shares of Whiting Petroleum from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $28.00 to $31.00 in a report on Friday, April 12th. ValuEngine lowered shares of Whiting Petroleum from a “hold” rating to a “sell” rating in a research report on Saturday, February 23rd. Robert W. Baird set a $30.00 target price on shares of Whiting Petroleum and gave the stock a “buy” rating in a research report on Friday, February 8th. Finally, KeyCorp began coverage on shares of Whiting Petroleum in a research report on Tuesday, February 12th. They set an “overweight” rating and a $33.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company’s stock. Whiting Petroleum has a consensus rating of “Buy” and an average target price of $48.33.

NYSE:WLL remained flat at $$29.35 during trading hours on Thursday. 3,451,992 shares of the company’s stock traded hands, compared to its average volume of 4,743,687. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.74 and a current ratio of 0.74. Whiting Petroleum has a 52 week low of $18.37 and a 52 week high of $56.47. The firm has a market cap of $2.66 billion, a P/E ratio of 13.46 and a beta of 2.95.

In related news, Director Philip Edward Doty sold 2,500 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $24.62, for a total value of $61,550.00. Following the completion of the transaction, the director now owns 16,822 shares of the company’s stock, valued at $414,157.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Hagist sold 5,000 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $25.19, for a total transaction of $125,950.00. Following the completion of the transaction, the insider now directly owns 43,930 shares of the company’s stock, valued at approximately $1,106,596.70. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV bought a new position in shares of Whiting Petroleum in the 1st quarter valued at about $324,000. Meeder Asset Management Inc. boosted its holdings in Whiting Petroleum by 78.8% in the first quarter. Meeder Asset Management Inc. now owns 2,222 shares of the oil and gas exploration company’s stock valued at $58,000 after acquiring an additional 979 shares in the last quarter. Hodges Capital Management Inc. boosted its holdings in Whiting Petroleum by 28.1% in the first quarter. Hodges Capital Management Inc. now owns 264,775 shares of the oil and gas exploration company’s stock valued at $6,921,000 after acquiring an additional 58,075 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Whiting Petroleum in the first quarter valued at $889,000. Finally, NuWave Investment Management LLC boosted its holdings in Whiting Petroleum by 474.6% in the first quarter. NuWave Investment Management LLC now owns 7,671 shares of the oil and gas exploration company’s stock valued at $200,000 after acquiring an additional 6,336 shares in the last quarter. 98.79% 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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