Whiting Petroleum Co. (NYSE:WLL) Expected to Announce Quarterly Sales of $403.83 Million

Brokerages expect Whiting Petroleum Co. (NYSE:WLLGet Rating) to announce sales of $403.83 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Whiting Petroleum’s earnings, with the lowest sales estimate coming in at $354.30 million and the highest estimate coming in at $498.00 million. Whiting Petroleum reported sales of $307.39 million in the same quarter last year, which indicates a positive year-over-year growth rate of 31.4%. The company is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Whiting Petroleum will report full-year sales of $1.85 billion for the current financial year, with estimates ranging from $1.53 billion to $2.40 billion. For the next financial year, analysts anticipate that the company will post sales of $2.01 billion, with estimates ranging from $1.67 billion to $2.37 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that that provide coverage for Whiting Petroleum.

Whiting Petroleum (NYSE:WLLGet Rating) last announced its earnings results on Wednesday, February 23rd. The oil and gas exploration company reported $4.23 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.55. The business had revenue of $473.41 million for the quarter, compared to analysts’ expectations of $336.86 million. During the same period in the previous year, the company earned $1.46 earnings per share.

Several brokerages recently weighed in on WLL. StockNews.com began coverage on shares of Whiting Petroleum in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Zacks Investment Research downgraded shares of Whiting Petroleum from a “buy” rating to a “hold” rating and set a $86.00 price objective on the stock. in a research report on Tuesday, March 29th. Truist Financial increased their price objective on shares of Whiting Petroleum from $108.00 to $130.00 in a research report on Thursday, April 21st. Piper Sandler increased their price objective on shares of Whiting Petroleum from $87.00 to $102.00 and gave the company a “neutral” rating in a research report on Thursday, April 7th. Finally, KeyCorp increased their price objective on shares of 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $90.88.

Shares of WLL opened at $73.05 on Friday. Whiting Petroleum has a fifty-two week low of $36.81 and a fifty-two week high of $90.89. The firm’s 50 day moving average price is $79.53 and its 200 day moving average price is $72.33. The company has a market cap of $2.87 billion, a P/E ratio of 6.80 and a beta of 1.89.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 20th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, May 19th. Whiting Petroleum’s payout ratio is 9.30%.

Several institutional investors have recently modified their holdings of WLL. Dark Forest Capital Management LP acquired a new position in shares of Whiting Petroleum in the 3rd quarter valued at $37,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Whiting Petroleum during the 4th quarter worth $37,000. Moors & Cabot Inc. acquired a new stake in Whiting Petroleum during the 3rd quarter worth $40,000. Sugarloaf Wealth Management LLC boosted its stake in Whiting Petroleum by 272.4% during the 1st quarter. Sugarloaf Wealth Management LLC now owns 499 shares of the oil and gas exploration company’s stock worth $45,000 after purchasing an additional 365 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in Whiting Petroleum during the 3rd quarter worth $98,000.

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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