Whiting Petroleum traded down 4.29% on Wednesday, hitting $53.36. Whiting Petroleum has a 52-week low of $28.87 and a 52-week high of $69.29. The company has a market cap of $6.276 billion and a price-to-earnings ratio of 11.60.
The company last announced its quarterly results on Wednesday, April 25th. It reported $1.03 earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of $1.03 EPS. The company’s quarterly revenue was up 30.4% on a year-over-year basis. Analysts expect that Whiting Petroleum will post $1.13 EPS next quarter.
A number of other firms have also recently commented on WLL. Analysts at Barrington Research initiated coverage on shares of Whiting Petroleum in a research note to investors on Wednesday. They set an “outperform” rating and a $69.00 price target on the stock. Separately, analysts at Raymond James (NYSE: RJF) initiated coverage on shares of Whiting Petroleum in a research note to investors on Tuesday. They set a “market perform” rating on the stock. Finally, analysts at SunTrust (NYSE: STI) upgraded shares of Whiting Petroleum from a “neutral” rating to a “buy” rating in a research note to investors on Friday, April 27th.
Whiting Petroleum Corporation is an independent oil and gas company. It is engaged in acquisition, development, exploitation, production and exploration activities primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States.