Q2 2022 EPS Estimates for Whiting Petroleum Co. Lifted by Capital One Financial (NYSE:WLL)

Whiting Petroleum Co. (NYSE:WLLGet Rating) – Equities research analysts at Capital One Financial boosted their Q2 2022 earnings per share (EPS) estimates for Whiting Petroleum in a report issued on Wednesday, May 18th. Capital One Financial analyst B. Velie now forecasts that the oil and gas exploration company will post earnings of $6.35 per share for the quarter, up from their prior forecast of $5.25. Capital One Financial also issued estimates for Whiting Petroleum’s Q3 2022 earnings at $6.93 EPS, Q4 2022 earnings at $7.02 EPS, FY2022 earnings at $25.60 EPS, Q1 2023 earnings at $5.94 EPS, Q3 2023 earnings at $6.23 EPS, Q4 2023 earnings at $6.32 EPS and FY2023 earnings at $24.58 EPS.

WLL has been the subject of several other reports. KeyCorp raised their target price on shares of Whiting Petroleum from $95.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, April 8th. Piper Sandler raised their target price on shares of Whiting Petroleum to $113.00 and gave the stock a “na” rating in a report on Wednesday, May 18th. Zacks Investment Research cut shares of Whiting Petroleum from a “buy” rating to a “hold” rating and set a $86.00 target price for the company. in a research note on Tuesday, March 29th. Wells Fargo & Company lifted their target price on shares of Whiting Petroleum from $77.00 to $99.00 and gave the company an “equal weight” rating in a research note on Monday, March 14th. Finally, StockNews.com cut shares of Whiting Petroleum from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Whiting Petroleum presently has a consensus rating of “Hold” and an average price target of $92.25.

WLL opened at $79.49 on Monday. The stock’s fifty day moving average is $79.09 and its 200-day moving average is $73.53. The company has a market capitalization of $3.12 billion, a PE ratio of 8.09 and a beta of 1.92. Whiting Petroleum has a one year low of $38.41 and a one year high of $90.89.

Whiting Petroleum (NYSE:WLLGet Rating) last issued its earnings results on Wednesday, May 4th. The oil and gas exploration company reported $4.61 EPS for the quarter, missing the consensus estimate of $5.04 by ($0.43). The firm had revenue of $527.00 million during the quarter, compared to the consensus estimate of $403.00 million.

Large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of Whiting Petroleum by 33.8% in the third quarter. American Century Companies Inc. now owns 144,264 shares of the oil and gas exploration company’s stock valued at $8,426,000 after purchasing an additional 36,446 shares during the period. Dimensional Fund Advisors LP increased its position in Whiting Petroleum by 21.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 715,125 shares of the oil and gas exploration company’s stock worth $46,255,000 after acquiring an additional 127,013 shares during the period. Rafferty Asset Management LLC increased its position in Whiting Petroleum by 55.6% during the fourth quarter. Rafferty Asset Management LLC now owns 111,559 shares of the oil and gas exploration company’s stock worth $7,216,000 after acquiring an additional 39,849 shares during the period. Bellwether Advisors LLC bought a new position in Whiting Petroleum during the fourth quarter worth $292,000. Finally, Amitell Capital Pte Ltd bought a new position in Whiting Petroleum during the fourth quarter worth $2,060,000. 96.76% of the stock is currently owned by institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 20th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 19th. Whiting Petroleum’s dividend payout ratio is 10.18%.

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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Earnings History and Estimates for Whiting Petroleum (NYSE:WLL)

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