Whiting Petroleum Corp. (NYSE:WLL) saw strong trading volume on Tuesday . 21,658,072 shares were traded during trading, a decline of 15% from the previous session’s volume of 25,564,296 shares.The stock last traded at $8.53 and had previously closed at $9.66.

Several brokerages have issued reports on WLL. Wunderlich restated a “hold” rating and issued a $14.00 target price (up from $10.00) on shares of Whiting Petroleum Corp. in a report on Friday, April 29th. Cantor Fitzgerald restated a “hold” rating on shares of Whiting Petroleum Corp. in a report on Sunday, May 22nd. JP Morgan Cazenove cut Whiting Petroleum Corp. from an “overweight” rating to a “neutral” rating in a report on Tuesday, March 15th. They noted that the move was a valuation call. Deutsche Bank AG upped their target price on Whiting Petroleum Corp. from $13.00 to $14.00 and gave the company a “hold” rating in a report on Tuesday, June 14th. Finally, Goldman Sachs Group Inc. restated a “buy” rating and issued a $14.00 target price (up from $13.75) on shares of Whiting Petroleum Corp. in a report on Tuesday, March 29th. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $16.31.

The firm’s market capitalization is $1.68 billion. The company’s 50 day moving average is $11.42 and its 200-day moving average is $8.87.

Whiting Petroleum Corp. (NYSE:WLL) last released its quarterly earnings results on Wednesday, April 27th. The oil and gas exploration company reported ($0.85) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.72) by $0.13. During the same quarter last year, the business posted ($0.23) EPS. The company earned $292 million during the quarter, compared to analyst estimates of $346.78 million. The business’s quarterly revenue was down 44.8% on a year-over-year basis. Equities analysts anticipate that Whiting Petroleum Corp. will post ($2.02) earnings per share for the current fiscal year.

In other news, CEO James J. Volker acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, May 3rd. The stock was purchased at an average cost of $10.30 per share, with a total value of $103,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 629,514 shares in the company, valued at $6,483,994.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Several institutional investors recently bought and sold shares of the stock. Caymus Capital Partners L.P. raised its position in Whiting Petroleum Corp. by 116.7% in the fourth quarter. Caymus Capital Partners L.P. now owns 2,621,900 shares of the oil and gas exploration company’s stock valued at $24,751,000 after buying an additional 1,411,900 shares during the period. Beach Point Capital Management LP raised its position in Whiting Petroleum Corp. by 172.2% in the fourth quarter. Beach Point Capital Management LP now owns 2,060,156 shares of the oil and gas exploration company’s stock valued at $19,448,000 after buying an additional 1,303,384 shares during the period. Teacher Retirement System of Texas raised its position in Whiting Petroleum Corp. by 1,060.1% in the fourth quarter. Teacher Retirement System of Texas now owns 664,975 shares of the oil and gas exploration company’s stock valued at $6,277,000 after buying an additional 607,653 shares during the period. I.G. Investment Management LTD. raised its position in Whiting Petroleum Corp. by 91.0% in the fourth quarter. I.G. Investment Management LTD. now owns 843,878 shares of the oil and gas exploration company’s stock valued at $7,966,000 after buying an additional 402,051 shares during the period. Finally, Quantitative Investment Management LLC raised its position in Whiting Petroleum Corp. by 76.3% in the fourth quarter. Quantitative Investment Management LLC now owns 539,900 shares of the oil and gas exploration company’s stock valued at $5,096,000 after buying an additional 233,700 shares during the period.

Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains and Permian Basin regions of the United States. The Company operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.