Wall Street analysts expect Whiting Petroleum Co. (NYSE:WLL) to post earnings of $1.32 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Whiting Petroleum’s earnings. The highest EPS estimate is $1.51 and the lowest is $1.12. The business is expected to issue its next quarterly earnings results on Wednesday, May 26th.
On average, analysts expect that Whiting Petroleum will report full-year earnings of $4.72 per share for the current financial year, with EPS estimates ranging from $4.25 to $5.53. For the next fiscal year, analysts expect that the business will post earnings of $5.01 per share, with EPS estimates ranging from $4.13 to $6.28. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Whiting Petroleum.
Whiting Petroleum (NYSE:WLL) last released its quarterly earnings data on Tuesday, February 23rd. The oil and gas exploration company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $1.45. The business had revenue of $21.27 million during the quarter, compared to analysts’ expectations of $192.77 million.
WLL has been the subject of a number of research analyst reports. KeyCorp upped their target price on Whiting Petroleum from $40.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday. Piper Sandler upped their target price on Whiting Petroleum from $19.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, January 7th. Truist upped their target price on Whiting Petroleum from $26.00 to $32.00 in a research report on Wednesday, December 30th. Wells Fargo & Company raised Whiting Petroleum from an “equal weight” rating to an “overweight” rating and set a $40.00 target price for the company in a research report on Monday, March 15th. Finally, MKM Partners upped their target price on Whiting Petroleum from $31.00 to $39.00 in a research report on Tuesday, March 2nd. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $36.43.
Shares of WLL traded up $1.72 during mid-day trading on Friday, reaching $35.66. The company’s stock had a trading volume of 836,248 shares, compared to its average volume of 692,195. Whiting Petroleum has a 12-month low of $13.44 and a 12-month high of $38.82. The company’s 50 day moving average is $34.43 and its 200 day moving average is $24.95.
A number of institutional investors have recently bought and sold shares of the business. SIR Capital Management L.P. acquired a new stake in Whiting Petroleum during the 3rd quarter worth approximately $32,230,000. Sourcerock Group LLC acquired a new stake in Whiting Petroleum during the 4th quarter worth approximately $27,043,000. Wells Fargo & Company MN lifted its position in Whiting Petroleum by 44.7% during the 4th quarter. Wells Fargo & Company MN now owns 894,209 shares of the oil and gas exploration company’s stock worth $22,353,000 after acquiring an additional 276,219 shares during the period. Valueworks LLC lifted its position in Whiting Petroleum by 13.3% during the 4th quarter. Valueworks LLC now owns 806,836 shares of the oil and gas exploration company’s stock worth $20,170,000 after acquiring an additional 94,425 shares during the period. Finally, Graham Capital Management L.P. lifted its position in Whiting Petroleum by 1.1% during the 4th quarter. Graham Capital Management L.P. now owns 730,280 shares of the oil and gas exploration company’s stock worth $18,257,000 after acquiring an additional 7,627 shares during the period. 36.38% of the stock is owned by institutional investors.
About Whiting Petroleum
Whiting Petroleum Corporation, an independent oil and gas company, engages in the acquisition, development, and production of crude oil, natural gas, and natural gas liquids 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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