Quarterly Financial Update for Whiting Petroleum Corporation (NYSE:WLL)

In an analyst report issued to investors and clients on Wednesday, 18 October, The Underweight rating of Whiting Petroleum (NYSE:WLL) shares was maintained at Morgan Stanley, who now has a $4 target on the stock. The brokerage set a "hold" rating and a $6.00 price target on the oil and gas exploration company's stock. They issued an underperform rating and a $6.00 target price on the stock. Previously Whiting Petroleum Corp (NYSE:WLL) reported $-0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.19 by $0.01 with surprise factor of 5.3%. That compares with the recent volume average of 0.58 million.

Currently Whiting Petroleum Corp (NYSE:WLL)'s shares owned by insiders are 0.2%, whereas shares owned by institutional owners are 85.2%. Citigroup Inc. dropped their price objective on Whiting Petroleum Corporation from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, July 13th. Tudor Pickering downgraded Whiting Petroleum Corporation from a hold rating to a sell rating in a report on Tuesday, September 5th. Finally, BidaskClub lowered Whiting Petroleum Corporation from a "sell" rating to a "strong sell" rating in a report on Saturday, June 24th. Alliance Data Systems Corporation is given 7 buy-equivalent recommendations, 1 sells and 10 holds. This volatility measure use for multipurpose in judging the underlying price momentum as well as the rate of change in WLL's price. It has a market cap of $1.85 Billion. Whiting Petroleum Corporation has a 12-month low of $3.97 and a 12-month high of $13.39. For this WLL's 20 days and 50 days MA (moving average) comparison clear the blur picture. Past 5 years growth of Whiting Petroleum Corp (NYSE:WLL) observed at -38.56%, looking forward for the next 5 years it has a strong prediction of 22% over growth. According to the Analysts, the Low Earnings estimate for the current quarter is $-0.29, while the High earnings estimate is $-0.06.Comparatively, EPS for the same quarter previous year was $-0.19.

Whiting Petroleum Corp (NYSE:WLL)'s revenue estimates for the current quarter are $326.69 Million according to 21 number of analysts, for the current quarter the company has high revenue estimates of $355 Million in contradiction of low revenue estimates of $294.8 Million. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. Whiting Petroleum Corporation's revenue was down 7.6% compared to the same quarter past year. For the current year the company's revenue estimates are $1.4 Billion compared to low analyst estimates of $1.3 Billion and high estimates of $1.53 Billion according to 22 number of analysts.

Wall Street analysts are predicting that Whiting Petroleum Corp (NYSE:WLL) will report earnings per share of $-0.2 in their quarterly report.

Analysts await Whiting Petroleum Corp (NYSE:WLL) to report earnings on October, 25. If you are viewing this piece of content on another publication, it was stolen and republished in violation of global trademark & copyright legislation. The legal version of this news story can be read at Chicago Equity Partners LLC bought a new position in Whiting Petroleum Corporation during the 2nd quarter worth about $102,000. The company's outstanding shares are 119.02 Million. The brokerage now has a sell rating on the oil and gas exploration company's stock. Teacher Retirement System of Texas lifted its stake in Whiting Petroleum Corporation by 2.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 19,926 shares of the oil and gas exploration company's stock worth $190,000 after purchasing an additional 2,088 shares in the last quarter.

The company declined -1.71% and closed its last trading session at $5.26. Finally, Sentinel Trust Co. Campbell & CO Investment Adviser LLC increased its holdings in Whiting Petroleum Corporation by 24.4% during the 2nd quarter. Institutional investors and hedge funds own 82.86% of the company's stock.

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