Whiting Petroleum (NYSE: WLL) posted its quarterly earnings results on Wednesday. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.09. The company had revenue of $577.10 million for the quarter, compared to the consensus estimate of $535.95 million. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis.
A number of analysts have recently weighed in on WLL shares. Analysts at Barclays Capital raised their price target on shares of Whiting Petroleum from $60.00 to $65.00 in a research note to investors on Friday, February 15th. They now have an “overweight” rating on the stock. On the ratings front, analysts at BMO Capital Markets upgraded shares of Whiting Petroleum from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, February 14th. They now have a $60.00 price target on the stock, up previously from $50.00. Finally, analysts at Brean Murray reiterated a “buy” rating on shares of Whiting Petroleum in a research note to investors on Friday, January 18th. They now have a $67.00 price target on the stock.
Whiting Petroleum (WLL) traded up 1.86% on Wednesday, hitting $49.16. Whiting Petroleum (WLL) has a 1-year low of $35.68 and a 1-year high of $60.65. The stock’s 50-day moving average is currently $48.37. The company has a market cap of $5.783 billion and a price-to-earnings ratio of 14.52.
Whiting Petroleum Corporation (Whiting) is an independent oil and gas company engaged in acquisition, development, exploitation, production and exploration activities primarily in the Rocky Mountains, Permian Basin, Mid-Continent, Michigan and Gulf Coast regions of the United States.
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