Zacks: Brokerages Expect Whiting Petroleum Corp (WLL) to Announce -$0.32 EPS

Analysts expect that Whiting Petroleum Corp (NYSE:WLL) will post earnings per share (EPS) of ($0.32) for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for Whiting Petroleum’s earnings. The lowest EPS estimate is ($0.65) and the highest is ($0.04). Whiting Petroleum posted earnings per share of ($1.12) during the same quarter last year, which would indicate a positive year-over-year growth rate of 71.4%. The company is expected to announce its next earnings report after the market closes on Wednesday, February 21st.

On average, analysts expect that Whiting Petroleum will report full-year earnings of ($2.23) per share for the current year, with EPS estimates ranging from ($2.52) to ($2.04). For the next financial year, analysts expect that the business will post earnings of ($0.75) per share, with EPS estimates ranging from ($1.59) to $0.41. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Whiting Petroleum.

Several research analysts recently issued reports on the stock. Credit Suisse Group assumed coverage on shares of Whiting Petroleum in a research note on Monday, December 11th. They issued a “neutral” rating and a $29.00 price target for the company. Jefferies Group set a $29.00 price objective on shares of Whiting Petroleum and gave the company a “hold” rating in a research note on Tuesday, January 30th. Goldman Sachs Group upgraded shares of Whiting Petroleum from a “sell” rating to a “neutral” rating in a research note on Thursday, February 1st. Barclays raised their price objective on shares of Whiting Petroleum from $5.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, November 20th. Finally, ValuEngine lowered shares of Whiting Petroleum from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $34.28.

Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in shares of Whiting Petroleum in the fourth quarter worth approximately $138,000. Aveo Capital Partners LLC purchased a new position in Whiting Petroleum during the fourth quarter valued at approximately $306,000. Phoenix Investment Adviser LLC purchased a new position in Whiting Petroleum during the fourth quarter valued at approximately $457,000. Alambic Investment Management L.P. purchased a new position in Whiting Petroleum during the fourth quarter valued at approximately $466,000. Finally, Quantitative Investment Management LLC purchased a new position in Whiting Petroleum during the fourth quarter valued at approximately $473,000.

Shares of Whiting Petroleum (NYSE:WLL) traded down $0.19 during trading on Friday, hitting $23.67. 4,437,248 shares of the company traded hands, compared to its average volume of 4,825,727. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market cap of $2,056.13, a price-to-earnings ratio of -3.29 and a beta of 3.33. Whiting Petroleum has a 52 week low of $15.88 and a 52 week high of $47.00.

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Whiting Petroleum Company Profile

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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Earnings History and Estimates for Whiting Petroleum (NYSE:WLL)

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