DENVER (AP) _ Whiting Petroleum Corp. (WLL) on Wednesday reported a first-quarter loss of $68.9 million, after reporting a profit in the same period a year earlier.
The Denver-based company said it had a loss of 76 cents per share. Losses, adjusted for one-time gains and costs, were 16 cents per share.
The results did not meet Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The oil and gas company posted revenue of $389.5 million in the period, which also missed Street forecasts. Twelve analysts surveyed by Zacks expected $419.8 million.
Whiting shares have increased 17% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $26.62, a decrease of 37% 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