Shares of Whiting Petroleum Corp. (NYSE:WLL) traded up 15.5% on Tuesday . The stock traded as high as $9.08 and last traded at $9.03, with a volume of 22,168,211 shares changing hands. The stock had previously closed at $7.82.

Several analysts have recently weighed in on the stock. Credit Suisse Group AG restated a “hold” rating on shares of Whiting Petroleum Corp. in a research report on Saturday, April 30th. Cantor Fitzgerald restated a “hold” rating on shares of Whiting Petroleum Corp. in a research report on Sunday, May 22nd. Vetr upgraded shares of Whiting Petroleum Corp. from a “strong sell” rating to a “sell” rating and set a $10.88 price objective on the stock in a research report on Friday, April 29th. Deutsche Bank AG lifted their target price on shares of Whiting Petroleum Corp. from $5.00 to $9.00 in a research report on Wednesday, March 23rd. Finally, Sterne Agee CRT cut shares of Whiting Petroleum Corp. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $12.20 to $11.77 in a research report on Friday, April 29th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $16.43.

The firm has a 50-day moving average price of $11.13 and a 200-day moving average price of $8.83. The stock’s market capitalization is $1.80 billion.

Whiting Petroleum Corp. (NYSE:WLL) last released its quarterly earnings results on Wednesday, April 27th. The oil and gas exploration company reported ($0.85) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.72) by $0.13. The firm had revenue of $292 million for the quarter, compared to the consensus estimate of $346.78 million. The company’s quarterly revenue was down 44.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.23) EPS. Equities research analysts anticipate that Whiting Petroleum Corp. will post ($1.98) EPS for the current year.

In other Whiting Petroleum Corp. news, CEO James J. Volker purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The stock was bought at an average cost of $10.30 per share, for a total transaction of $103,000.00. Following the completion of the transaction, the chief executive officer now 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 available at the SEC website.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Whiting Petroleum Corp. by 33.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,495,687 shares of the oil and gas exploration company’s stock valued at $32,990,000 after buying an additional 876,001 shares in the last quarter. Caymus Capital Partners L.P. increased its position in shares of 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 in the last quarter. Beach Point Capital Management LP increased its position in shares of 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 in the last quarter. I.G. Investment Management LTD. increased its position in shares of 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 in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of 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 in 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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