Whiting Petroleum Corp (NYSE:WLL) – Stock analysts at KeyCorp upped their Q1 2019 earnings estimates for shares of Whiting Petroleum in a note issued to investors on Monday, April 23rd. KeyCorp analyst D. Deckelbaum now anticipates that the oil and gas exploration company will post earnings of $0.32 per share for the quarter, up from their prior forecast of $0.28. KeyCorp currently has a “Buy” rating and a $45.00 price target on the stock. KeyCorp also issued estimates for Whiting Petroleum’s Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.52 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $1.74 EPS.
WLL has been the topic of several other research reports. Citigroup upped their price objective on shares of Whiting Petroleum from $49.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, April 10th. Piper Jaffray reiterated a “hold” rating and issued a $46.00 price objective on shares of Whiting Petroleum in a research note on Wednesday, April 18th. Stifel Nicolaus set a $45.00 price target on shares of Whiting Petroleum and gave the stock a “buy” rating in a research note on Wednesday, March 28th. Deutsche Bank began coverage on shares of Whiting Petroleum in a research note on Wednesday, April 4th. They set a “buy” rating and a $48.00 price target on the stock. Finally, SunTrust Banks set a $44.00 price target on shares of Whiting Petroleum and gave the stock a “buy” rating in a research note on Friday, April 6th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company. Whiting Petroleum currently has a consensus rating of “Hold” and a consensus price target of $38.63.
Whiting Petroleum (NYSE:WLL) last released its quarterly earnings data on Wednesday, February 21st. The oil and gas exploration company reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.13. The firm had revenue of $474.40 million for the quarter, compared to analyst estimates of $424.55 million. Whiting Petroleum had a negative net margin of 83.54% and a negative return on equity of 3.96%. The company’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.28) EPS.
Institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC bought a new stake in Whiting Petroleum in the 3rd quarter valued at $133,000. State of Alaska Department of Revenue bought a new stake in Whiting Petroleum in the 4th quarter valued at $138,000. SG Americas Securities LLC bought a new stake in Whiting Petroleum in the 3rd quarter valued at $166,000. Aveo Capital Partners LLC bought a new stake in Whiting Petroleum in the 4th quarter valued at $306,000. Finally, Phoenix Investment Adviser LLC bought a new stake in Whiting Petroleum in the 4th quarter valued at $457,000. 97.58% of the stock is owned by hedge funds and other institutional investors.
In related news, VP David M. Seery sold 1,059 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now directly owns 37,122 shares of the company’s stock, valued at approximately $1,030,877.94. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is currently owned by corporate insiders.
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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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