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DENVER (AP) _ Whiting Petroleum Corp. (WLL) on Wednesday reported a second-quarter loss of $149.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Denver-based company said it had a loss of 73 cents. Earnings, adjusted for one-time gains and costs, were 4 cents per share.
The results exceeded Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The oil and gas company posted revenue of $590 million in the period, which did not meet Street forecasts. Eleven analysts surveyed by Zacks expected $644.8 million.
Whiting shares have dropped 30 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.05, a drop of 74 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WLL at http://www.zacks.com/ap/WLL
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Keywords: Whiting Petroleum, Earnings Report
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Whiting Petroleum Corporation
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CODE : WLL |
ISIN : US9663871021 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Whiting Petroleum is a oil producing company based in United states of america. Whiting Petroleum is listed in Germany and in United States of America. Its market capitalisation is US$ 6.2 billions as of today (€ 6.1 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. |