Whiting Petroleum Co. (NYSE:WLL – Get Rating) – Equities research analysts at Capital One Financial lifted their Q1 2022 earnings per share (EPS) estimates for shares of Whiting Petroleum in a research report issued on Wednesday, April 13th. Capital One Financial analyst B. Velie now expects that the oil and gas exploration company will earn $5.30 per share for the quarter, up from their prior estimate of $5.17. Capital One Financial also issued estimates for Whiting Petroleum’s Q4 2022 earnings at $5.88 EPS and FY2022 earnings at $22.24 EPS.
A number of other brokerages also recently commented on WLL. Zacks Investment Research downgraded Whiting Petroleum from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a research report on Tuesday, March 29th. Wells Fargo & Company upped their price target on shares of Whiting Petroleum from $77.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Monday, March 14th. Piper Sandler upped their price target on shares of Whiting Petroleum from $87.00 to $102.00 and gave the stock a “neutral” rating in a research note on Thursday, April 7th. StockNews.com assumed coverage on shares of Whiting Petroleum in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, KeyCorp raised their price target on Whiting Petroleum from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, April 8th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $85.88.
WLL opened at $83.41 on Friday. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 7.76 and a beta of 1.89. Whiting Petroleum has a 1-year low of $33.13 and a 1-year high of $90.89. The business has a 50 day moving average price of $77.52 and a two-hundred day moving average price of $70.98.
Whiting Petroleum (NYSE:WLL – Get Rating) last posted its earnings results on Wednesday, February 23rd. The oil and gas exploration company reported $4.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.68 by $0.55. The company had revenue of $473.41 million for the quarter, compared to the consensus estimate of $336.86 million. During the same period last year, the company posted $1.46 earnings per share.
A number of institutional investors and hedge funds have recently made changes to their positions in WLL. Morgan Stanley boosted its holdings in Whiting Petroleum by 19.9% in the 2nd quarter. Morgan Stanley now owns 115,447 shares of the oil and gas exploration company’s stock valued at $6,297,000 after purchasing an additional 19,126 shares during the period. Strs Ohio lifted its stake in Whiting Petroleum by 80.0% in the 3rd quarter. Strs Ohio now owns 12,600 shares of the oil and gas exploration company’s stock valued at $735,000 after purchasing an additional 5,600 shares during the last quarter. SG Americas Securities LLC lifted its stake in Whiting Petroleum by 211.7% in the 3rd quarter. SG Americas Securities LLC now owns 43,701 shares of the oil and gas exploration company’s stock valued at $2,553,000 after purchasing an additional 29,681 shares during the last quarter. Deutsche Bank AG increased its position in Whiting Petroleum by 10.5% in the 3rd quarter. Deutsche Bank AG now owns 273,281 shares of the oil and gas exploration company’s stock valued at $15,963,000 after acquiring an additional 25,867 shares during the period. Finally, Advisor Group Holdings Inc. increased its position in Whiting Petroleum by 943.2% in the 3rd quarter. Advisor Group Holdings Inc. now owns 21,198 shares of the oil and gas exploration company’s stock valued at $1,238,000 after acquiring an additional 19,166 shares during the period.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Monday, February 21st were paid a $0.25 dividend. The ex-dividend date was Thursday, February 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.20%. Whiting Petroleum’s dividend payout ratio (DPR) is currently 9.30%.
Whiting Petroleum Company Profile (Get Rating)
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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