| Whiting reports 4Q loss | |
| | |
|
DENVER (AP) _ Whiting Petroleum Corp. (WLL) on Tuesday reported a loss of $173.3 million in its fourth quarter.
On a per-share basis, the Denver-based company said it had a loss of 59 cents. Losses, adjusted for non-recurring costs and asset impairment costs, were 28 cents per share.
The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share.
The oil and gas company posted revenue of $342.7 million in the period, falling short of Street forecasts. Ten analysts surveyed by Zacks expected $353 million.
For the year, the company reported that its loss narrowed to $1.34 billion, or $5.32 per share. Revenue was reported as $1.28 billion.
Whiting shares have decreased roughly 4 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.57, more than doubling in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WLL at https://www.zacks.com/ap/WLL
_____
Keywords: Whiting Petroleum, Earnings Report
|
|
|
Whiting Petroleum Corporation
|
|
|
CODE : WLL |
ISIN : US9663871021 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Whiting Petroleum is a oil producing company based in United states of america. Whiting Petroleum is listed in Germany and in United States of America. Its market capitalisation is US$ 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. |