Shares of Whiting Petroleum Corp. (NYSE:WLL) traded down 2.5% on Thursday . The stock traded as low as $8.13 and last traded at $8.23, with a volume of 15,344,266 shares. The stock had previously closed at $8.44.

Several analysts have weighed in on the stock. Citigroup Inc. lifted their price objective on shares of Whiting Petroleum Corp. from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, April 7th. Vetr upgraded shares of Whiting Petroleum Corp. from a “strong sell” rating to a “sell” rating and set a $10.88 price objective for the company in a research note on Friday, April 29th. Wunderlich reiterated a “hold” rating and issued a $14.00 price objective (up previously from $10.00) on shares of Whiting Petroleum Corp. in a research note on Friday, April 29th. Credit Suisse Group AG reiterated a “hold” rating on shares of Whiting Petroleum Corp. in a research note on Saturday, April 30th. Finally, SunTrust Banks Inc. reiterated a “buy” rating and issued a $18.00 price objective on shares of Whiting Petroleum Corp. in a research note on Monday, May 2nd. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have assigned 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 company’s 50 day moving average price is $11.33 and its 200 day moving average price is $8.86. The firm’s market capitalization is $1.63 billion.

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

In other news, CEO James J. Volker bought 10,000 shares of the business’s stock in a transaction dated Tuesday, May 3rd. The shares were purchased at an average price of $10.30 per share, for a total transaction of $103,000.00. Following the completion of the acquisition, the chief executive officer now owns 629,514 shares of the company’s stock, valued at $6,483,994.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Several hedge funds and institutional investors have recently modified their holdings of the company. Eagle Asset Management boosted its position in shares of Whiting Petroleum Corp. by 95.1% in the third quarter. Eagle Asset Management now owns 320,208 shares of the oil and gas exploration company’s stock valued at $4,888,000 after buying an additional 156,064 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Whiting Petroleum Corp. by 8.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 274,639 shares of the oil and gas exploration company’s stock worth $2,593,000 after buying an additional 22,294 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Whiting Petroleum Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 390,283 shares of the oil and gas exploration company’s stock worth $3,684,000 after buying an additional 6,178 shares during the last quarter. Numeric Investors LLC raised its stake in shares of Whiting Petroleum Corp. by 351.2% in the fourth quarter. Numeric Investors LLC now owns 127,700 shares of the oil and gas exploration company’s stock worth $1,205,000 after buying an additional 99,400 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Whiting Petroleum Corp. by 1.7% in the fourth quarter. Swiss National Bank now owns 369,319 shares of the oil and gas exploration company’s stock worth $3,486,000 after buying an additional 6,000 shares during the last quarter.

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.

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