Whiting Petroleum Corp (NYSE:WLL) – Seaport Global Securities increased their Q1 2019 earnings per share (EPS) estimates for shares of Whiting Petroleum in a report issued on Wednesday, May 23rd. Seaport Global Securities analyst M. Kelly now expects that the oil and gas exploration company will post earnings of $0.98 per share for the quarter, up from their previous estimate of $0.55. Seaport Global Securities has a “Buy” rating and a $40.00 price target on the stock. Seaport Global Securities also issued estimates for Whiting Petroleum’s Q2 2019 earnings at $0.87 EPS, Q3 2019 earnings at $0.85 EPS, Q4 2019 earnings at $0.89 EPS and FY2019 earnings at $3.58 EPS.
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WLL has been the topic of several other reports. Zacks Investment Research cut Whiting Petroleum from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. KeyCorp lifted their price objective on Whiting Petroleum from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, April 23rd. SunTrust Banks set a $60.00 price objective on Whiting Petroleum and gave the stock a “buy” rating in a report on Sunday, April 22nd. Stephens set a $68.00 price objective on Whiting Petroleum and gave the stock a “buy” rating in a report on Tuesday, April 24th. Finally, Tudor Pickering upgraded Whiting Petroleum from a “sell” rating to a “hold” rating in a report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.99.
WLL stock opened at $48.84 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.58 and a current ratio of 0.58. Whiting Petroleum has a 12-month low of $15.88 and a 12-month high of $54.04. The stock has a market capitalization of $4.60 billion, a P/E ratio of -37.28, a PEG ratio of 2.42 and a beta of 2.90.
Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings data on Monday, April 30th. The oil and gas exploration company reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $515.10 million for the quarter, compared to analysts’ expectations of $476.68 million. During the same period in the previous year, the firm posted ($0.15) EPS. Whiting Petroleum’s revenue was up 38.7% compared to the same quarter last year.
Hedge funds have recently added to or reduced their stakes in the company. Aveo Capital Partners LLC purchased a new stake in shares of Whiting Petroleum during the 4th quarter valued at approximately $306,000. Encompass Capital Advisors LLC purchased a new stake in shares of Whiting Petroleum during the 4th quarter valued at approximately $31,776,000. Gotham Asset Management LLC purchased a new stake in shares of Whiting Petroleum during the 4th quarter valued at approximately $2,686,000. Two Sigma Advisers LP purchased a new stake in Whiting Petroleum in the fourth quarter valued at approximately $1,888,000. Finally, SIR Capital Management L.P. purchased a new stake in Whiting Petroleum in the fourth quarter valued at approximately $8,801,000.
In other news, VP David M. Seery sold 1,059 shares of Whiting Petroleum stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $27.77, for a total transaction of $29,408.43. Following the sale, the vice president now owns 37,122 shares of the company’s stock, valued at approximately $1,030,877.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.70% of the stock is currently owned by insiders.
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.