Whiting Petroleum Corp. (NYSE:WLL) dropped 3.9% during trading on Thursday . The stock traded as low as $8.43 and last traded at $8.46, with a volume of 12,698,179 shares changing hands. The stock had previously closed at $8.80.

WLL has been the subject of several recent research reports. Goldman Sachs Group Inc. restated a “buy” rating and set a $14.00 price objective (up previously from $13.75) on shares of Whiting Petroleum Corp. in a report on Tuesday, March 29th. Citigroup Inc. boosted their price objective on Whiting Petroleum Corp. from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, April 7th. Seaport Global Securities upgraded Whiting Petroleum Corp. from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $9.00 to $8.00 in a report on Tuesday, July 12th. Vetr upgraded Whiting Petroleum Corp. from a “hold” rating to a “buy” rating and set a $10.43 price objective for the company in a report on Monday, May 9th. Finally, Wunderlich decreased their price objective on Whiting Petroleum Corp. from $14.00 to $11.00 and set a “hold” rating for the company in a report on Tuesday, June 28th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.03.

The company’s market cap is $1.70 billion. The stock has a 50-day moving average of $10.50 and a 200-day moving average of $8.81.

Whiting Petroleum Corp. (NYSE:WLL) last announced its quarterly earnings data 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 firm earned ($0.23) EPS. The firm earned $292 million during the quarter, compared to analyst estimates of $346.78 million. The firm’s quarterly revenue was down 44.8% on a year-over-year basis. Equities research analysts predict that Whiting Petroleum Corp. will post ($1.88) earnings per share for the current year.

In other Whiting Petroleum Corp. news, CEO James J. Volker acquired 10,000 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were acquired 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 directly owns 629,514 shares of the company’s stock, valued at $6,483,994.20. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Other large investors have recently bought and sold shares of the company. State of Tennessee Treasury Department increased its stake in Whiting Petroleum Corp. by 25.0% in the fourth quarter. State of Tennessee Treasury Department now owns 6,173,535 shares of the oil and gas exploration company’s stock worth $58,278,000 after buying an additional 1,236,437 shares in the last quarter. Beach Point Capital Management LP increased its stake 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 worth $19,448,000 after buying an additional 1,303,384 shares in the last quarter. I.G. Investment Management LTD. increased its stake 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 worth $7,966,000 after buying an additional 402,051 shares in the last quarter. California Public Employees Retirement System increased its stake in Whiting Petroleum Corp. by 4.6% in the fourth quarter. California Public Employees Retirement System now owns 582,498 shares of the oil and gas exploration company’s stock worth $5,499,000 after buying an additional 25,400 shares in the last quarter. Finally, Quantitative Investment Management LLC increased its stake 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 worth $5,096,000 after buying an additional 233,700 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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