Whiting Petroleum Corp. (NYSE:WLL) shares traded down 2.8% during mid-day trading on Wednesday . The stock traded as low as $8.29 and last traded at $8.55, with a volume of 28,379,736 shares. The stock had previously closed at $8.80.

Several research analysts have recently issued reports on the company. Wunderlich restated a “hold” rating and issued a $14.00 price target (up from $10.00) on shares of Whiting Petroleum Corp. in a research report on Friday, April 29th. Cantor Fitzgerald reiterated a “hold” rating on shares of Whiting Petroleum Corp. in a report on Sunday, May 22nd. JP Morgan Cazenove lowered 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 lifted their target price on Whiting Petroleum Corp. from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Tuesday, June 14th. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and set a $14.00 target price (up from $13.75) on shares of Whiting Petroleum Corp. in a report on Tuesday, March 29th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Whiting Petroleum Corp. presently has a consensus rating of “Hold” and an average target price of $15.97.

The stock has a 50-day moving average of $10.98 and a 200 day moving average of $8.82. The company’s market capitalization is $1.76 billion.

Whiting Petroleum Corp. (NYSE:WLL) last issued its quarterly earnings results on Wednesday, April 27th. The oil and gas exploration company reported ($0.85) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm’s revenue was down 44.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.23) EPS. Analysts predict that Whiting Petroleum Corp. will post ($1.98) EPS for the current fiscal year.

In other Whiting Petroleum Corp. news, CEO James J. Volker acquired 10,000 shares of Whiting Petroleum Corp. stock in a transaction that occurred on Tuesday, May 3rd. The stock was acquired at an average cost of $10.30 per share, for a total transaction of $103,000.00. Following the purchase, the chief executive officer now owns 629,514 shares of the company’s stock, valued at $6,483,994.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Other hedge funds and institutional investors have added to or reduced their stakes in the company. Rhumbline Advisers raised its position in Whiting Petroleum Corp. by 1.0% in the fourth quarter. Rhumbline Advisers now owns 150,541 shares of the oil and gas exploration company’s stock worth $1,421,000 after buying an additional 1,456 shares in the last quarter. Swiss National Bank raised its position in 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 in the last quarter. California State Teachers Retirement System raised its position in 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 in the last quarter. Gamco Investors INC. ET AL raised its position in Whiting Petroleum Corp. by 5.4% in the fourth quarter. Gamco Investors INC. ET AL now owns 200,451 shares of the oil and gas exploration company’s stock worth $1,892,000 after buying an additional 10,189 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in 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 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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