SunTrust Banks reissued their buy rating on shares of Whiting Petroleum (NYSE:WLL) in a research note published on Monday, The Fly reports. The firm currently has a $35.00 price objective on the oil and gas exploration company’s stock. SunTrust Banks also issued estimates for Whiting Petroleum’s Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.41 EPS, Q4 2019 earnings at $0.50 EPS, FY2019 earnings at $1.11 EPS, FY2020 earnings at $1.88 EPS and FY2021 earnings at $1.26 EPS.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Whiting Petroleum from a buy rating to a hold rating and set a $27.00 price target for the company. in a report on Saturday, May 11th. Imperial Capital restated an in-line rating and issued a $29.00 price target (down from $33.00) on shares of Whiting Petroleum in a report on Friday, May 3rd. Morgan Stanley set a $28.00 price target on Whiting Petroleum and gave the stock a hold rating in a report on Wednesday, May 8th. ValuEngine downgraded Whiting Petroleum from a sell rating to a strong sell rating in a report on Thursday, April 18th. Finally, MKM Partners initiated coverage on Whiting Petroleum in a report on Thursday, June 6th. They issued a buy rating and a $25.00 price target for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the stock. Whiting Petroleum currently has an average rating of Buy and an average target price of $43.73.
NYSE WLL opened at $18.56 on Monday. The firm has a 50-day moving average of $19.55. The company has a market capitalization of $1.63 billion, a P/E ratio of 8.51 and a beta of 3.06. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.68. Whiting Petroleum has a 12 month low of $15.40 and a 12 month high of $55.73.
Whiting Petroleum (NYSE:WLL) last released its quarterly earnings data on Wednesday, May 1st. The oil and gas exploration company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.36). The company had revenue of $389.50 million during the quarter, compared to the consensus estimate of $421.43 million. Whiting Petroleum had a net margin of 13.22% and a return on equity of 2.98%. The company’s revenue for the quarter was down 24.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 EPS. On average, equities research analysts predict that Whiting Petroleum will post 1.43 EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. Whittier Trust Co. boosted its position in shares of Whiting Petroleum by 89.9% during the first quarter. Whittier Trust Co. now owns 1,092 shares of the oil and gas exploration company’s stock worth $29,000 after buying an additional 517 shares during the period. Ffcm LLC boosted its position in shares of Whiting Petroleum by 72.2% during the fourth quarter. Ffcm LLC now owns 1,360 shares of the oil and gas exploration company’s stock worth $31,000 after buying an additional 570 shares during the period. Advisor Group Inc. boosted its position in shares of Whiting Petroleum by 13.7% during the fourth quarter. Advisor Group Inc. now owns 5,526 shares of the oil and gas exploration company’s stock worth $126,000 after buying an additional 665 shares during the period. Meeder Asset Management Inc. boosted its position in shares of Whiting Petroleum by 78.8% during the first quarter. Meeder Asset Management Inc. now owns 2,222 shares of the oil and gas exploration company’s stock worth $58,000 after buying an additional 979 shares during the period. Finally, United Services Automobile Association boosted its position in shares of Whiting Petroleum by 6.6% during the fourth quarter. United Services Automobile Association now owns 16,486 shares of the oil and gas exploration company’s stock worth $374,000 after buying an additional 1,022 shares during the period. 99.70% of the stock is owned by institutional investors.
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.
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