| Whiting reports 4Q loss | |
| | |
|
DENVER (AP) _ Whiting Petroleum Corp. (WLL) on Wednesday reported a loss of $353.7 million in its fourth quarter.
On a per-share basis, the Denver-based company said it had a loss of $2.68. Earnings, adjusted for one-time gains and costs, came to 44 cents per share.
The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The oil and gas company posted revenue of $696.1 million in the period, also falling short of Street forecasts. Analysts expected $733.3 million, according to Zacks.
For the year, the company reported profit of $64.8 million, or 53 cents per share. Revenue was reported as $3.09 billion.
Whiting shares have risen 11 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $36.77, a fall of 43 percent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WLL at http://www.zacks.com/ap/WLL
_____
Keywords: Whiting Petroleum, Earnings Report
|
|
|
Whiting Petroleum Corporation
|
|
|
CODE : WLL |
ISIN : US9663871021 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Whiting Petroleum is a oil producing company based in United states of america. Whiting Petroleum is listed in Germany and in United States of America. Its market capitalisation is US$ 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. |