Whiting Petroleum Corp. (NYSE:WLL) rose 15.5% during mid-day trading on Tuesday . The stock traded as high as $9.08 and last traded at $9.03, with a volume of 22,168,211 shares traded. The stock had previously closed at $7.82.

WLL has been the subject of several recent research reports. Deutsche Bank AG restated a “hold” rating on shares of Whiting Petroleum Corp. in a report on Thursday, March 24th. Credit Suisse Group AG restated a “hold” rating on shares of Whiting Petroleum Corp. in a report on Saturday, April 30th. Vetr cut shares of Whiting Petroleum Corp. from a “hold” rating to a “sell” rating and set a $10.28 target price for the company. in a report on Thursday, April 14th. Zacks Investment Research upgraded shares of Whiting Petroleum Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Finally, Cantor Fitzgerald cut shares of Whiting Petroleum Corp. from a “buy” rating to a “hold” rating and increased their target price for the stock from $10.00 to $11.00 in a report on Tuesday, April 26th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $15.97.

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

Whiting Petroleum Corp. (NYSE:WLL) last posted its quarterly earnings data on Wednesday, April 27th. The oil and gas exploration company reported ($0.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by $0.13. The business earned $292 million during the quarter, compared to analyst estimates 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 business posted ($0.23) EPS. Analysts forecast that Whiting Petroleum Corp. will post ($1.98) earnings per share for the current fiscal year.

In related news, CEO James J. Volker purchased 10,000 shares of Whiting Petroleum Corp. stock in a transaction dated Tuesday, May 3rd. The stock was purchased at an average cost of $10.30 per share, for a total transaction of $103,000.00. Following the completion of the acquisition, the chief executive officer now directly 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 SEC, which is available at this link.

Several institutional investors recently modified their holdings of WLL. BNP Paribas Arbitrage SA increased its position in shares of Whiting Petroleum Corp. by 153.4% in the fourth quarter. BNP Paribas Arbitrage SA now owns 152,926 shares of the oil and gas exploration company’s stock valued at $1,444,000 after buying an additional 92,574 shares during the last quarter. Stephens Investment Management Group LLC increased its position in shares of Whiting Petroleum Corp. by 42.2% in the fourth quarter. Stephens Investment Management Group LLC now owns 293,206 shares of the oil and gas exploration company’s stock valued at $2,768,000 after buying an additional 87,067 shares during 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 during the last quarter. Trexquant Investment LP increased its position in shares of Whiting Petroleum Corp. by 320.9% in the fourth quarter. Trexquant Investment LP now owns 255,458 shares of the oil and gas exploration company’s stock valued at $2,412,000 after buying an additional 194,758 shares during the last quarter. Finally, Adams Natural Resources Fund Inc. increased its position in shares of Whiting Petroleum Corp. by 44.1% in the fourth quarter. Adams Natural Resources Fund Inc. now owns 251,500 shares of the oil and gas exploration company’s stock valued at $2,374,000 after buying an additional 77,000 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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