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DENVER (AP) _ Whiting Petroleum Corp. (WLL) on Wednesday reported a loss of $171.7 million in its first quarter.
On a per-share basis, the Denver-based company said it had a loss of 84 cents. Losses, adjusted to extinguish debt, came to 85 cents per share.
The results did not meet Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of 71 cents per share.
The oil and gas company posted revenue of $292 million in the period, also falling short of Street forecasts. Ten analysts surveyed by Zacks expected $341.1 million.
Whiting shares have increased 30 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.23, a decline of 65 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WLL at http://www.zacks.com/ap/WLL
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Keywords: Whiting Petroleum, Earnings Report
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Whiting Petroleum Corporation
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CODE : WLL |
ISIN : US9663871021 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Whiting Petroleum is a oil producing company based in United states of america. Whiting Petroleum is listed in Germany and in United States of America. Its market capitalisation is US$ 6.2 billions as of today (€ 5.4 billions). Its stock quote reached its highest recent level on August 22, 2008 at US$ 99.26, and its lowest recent point on April 03, 2020 at US$ 0.25. Whiting Petroleum has 90 927 193 shares outstanding. |