Stock analysts expect Whiting Petroleum Co. (NYSE:WLL – Get Rating) to report sales of $462.38 million for the current quarter, according to Zacks. Four analysts provided earnings estimates for Whiting Petroleum. The highest sales estimate is $628.00 million and the lowest is $361.50 million. Whiting Petroleum posted sales of $351.65 million in the same quarter last year, suggesting a positive year-over-year growth rate of 31.5%. The company is expected to release its next quarterly results on Monday, January 1.
According to Zacks, analysts expect Whiting Petroleum to report annual sales of $1.90 billion for the current fiscal year, with estimates ranging from $1.53 billion to $2.47 billion. For the next fiscal year, analysts expect the company to record sales of $2.01 billion, with estimates ranging from $1.67 billion to $2.39 billion. Zacks sales calculations are an average based on a survey of research companies that track Whiting Petroleum.
Whiting Petroleum (NYSE:WLL – Get Rating) last released its quarterly results on Wednesday, May 4. The oil and gas exploration company reported earnings per share of $4.61 for the quarter, missing the consensus estimate of $5.04 per ($0.43). The company posted revenue of $527.00 million for the quarter, compared to $403.00 million expected by analysts.
A number of brokerages have recently commented on WLL. Wells Fargo & Company raised its price target on shares of Whiting Petroleum from $77.00 to $99.00 and gave the stock an “equal weight” rating in a Monday, March 14 research note. KeyCorp raised its price target on Whiting Petroleum shares from $95.00 to $96.00 and gave the company an “overweight” rating in a Friday, April 8 report. Piper Sandler raised her price target on Whiting Petroleum shares to $113.00 and gave the company an “na” rating in a report released Wednesday. Truist Financial raised its target price on shares of Whiting Petroleum from $108.00 to $130.00 in a Thursday, April 21 research report. Finally, Zacks Investment Research downgraded shares of Whiting Petroleum from a “buy” rating to a “hold” rating and set a target price of $86.00 for the company. in a research report on Tuesday, March 29. Five equity research analysts gave the stock a hold rating and four gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $92.25.
Several large investors have recently bought and sold shares of WLL. Dark Forest Capital Management LP bought a new position in shares of Whiting Petroleum during Q3 for a value of approximately $37,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Whiting Petroleum during Q4 valued at approximately $37,000. Moors & Cabot Inc. acquired a new stake in Whiting Petroleum during Q3 for approximately $40,000. Sugarloaf Wealth Management LLC increased its stake in Whiting Petroleum by 272.4% in Q1. Sugarloaf Wealth Management LLC now owns 499 shares of the oil and gas exploration company worth $45,000 after buying 365 additional shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new equity stake in Whiting Petroleum in Q3 worth $98,000. 96.76% of the shares are held by hedge funds and other institutional investors.
Shares of Whiting Petroleum opened at $77.35 on Friday. The company has a 50-day moving average price of $79.09 and a 200-day moving average price of $73.20. Whiting Petroleum has a fifty-two-week low of $38.41 and a fifty-two-week high of $90.89. The company has a market capitalization of $3.04 billion, a PE ratio of 7.88 and a beta of 1.92.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 1. Shareholders of record on Friday, May 20 will receive a dividend of $0.25. The ex-date of this dividend is Thursday, May 19. This represents an annualized dividend of $1.00 and a dividend yield of 1.29%. Whiting Petroleum’s dividend payout ratio (DPR) is 10.18%.
About Whiting Petroleum (Get a rating)
Whiting Petroleum Corporation, an independent oil and gas company, is engaged in the acquisition, development and production of crude oil, natural gas and natural gas liquids primarily in the Rocky Mountain region of the United States. The company sells its oil and gas production to end users, traders and other buyers.
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