Credit Suisse Boosts Whiting Petroleum Earnings Estimates (WLL)

By admin | 6 years ago

Investment analysts at Credit Suisse (NYSE: CS) increased their earnings per share estimates on shares of Whiting Petroleum (NYSE: WLL) in a note issued to investors on Monday. The firm currently has an “outperform” rating and a $83.00 price target on the company’s shares.

Shares of Whiting Petroleum traded down 5.84% during mid-day trading on Monday, hitting $48.41. Whiting Petroleum has a one year low of $28.87 and a one year high of $69.70. The company has a market cap of $5.694 billion and a P/E ratio of 10.70.

Whiting Petroleum last issued its quarterly earnings data on Wednesday, April 25th. The company reported $1.03 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.03. Whiting Petroleum’s revenue was up 30.4% compared to the same quarter last year. On average, analysts predict that Whiting Petroleum will post $1.15 earnings per share next quarter.

A number of other analysts have also recently weighed in on WLL. Analysts at Stifel Nicolaus initiated coverage on shares of Whiting Petroleum in a research note to investors on Wednesday, May 2nd. They set a “hold” rating on the stock. Separately, analysts at Barrington Research initiated coverage on shares of Whiting Petroleum in a research note to investors on Wednesday, May 2nd. They set an “outperform” rating and a $69.00 price target on the stock. Finally, analysts at Raymond James (NYSE: RJF) initiated coverage on shares of Whiting Petroleum in a research note to investors on Tuesday, May 1st. They set a “market perform” rating on the stock.

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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