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

A number of research analysts recently issued reports on WLL shares. Goldman Sachs Group Inc. reissued a “buy” rating and set a $14.00 price target (up from $13.75) on shares of Whiting Petroleum Corp. in a research report on Tuesday, March 29th. Seaport Global Securities cut shares of Whiting Petroleum Corp. from a “neutral” rating to a “sell” rating and set a $5.00 price target for the company. in a research report on Wednesday, March 30th. Stifel Nicolaus reissued a “hold” rating on shares of Whiting Petroleum Corp. in a research report on Thursday, March 31st. Zacks Investment Research lowered shares of Whiting Petroleum Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, April 6th. Finally, Vetr lowered shares of Whiting Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $9.49 price objective for the company. in a research note on Wednesday, April 6th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Whiting Petroleum Corp. presently has an average rating of “Hold” and an average price target of $16.03.

The firm has a 50 day moving average of $10.24 and a 200 day moving average of $8.80. The firm’s market cap is $1.67 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 for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.72) by $0.13. The company had revenue of $292 million for the quarter, compared to the consensus estimate of $346.78 million. The company’s revenue for the quarter was down 44.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.23) EPS. On average, equities analysts forecast that Whiting Petroleum Corp. will post ($1.87) EPS for the current fiscal year.

In other Whiting Petroleum Corp. news, CEO James J. Volker purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were bought at an average price of $10.30 per share, for a total transaction of $103,000.00. Following the acquisition, 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 accessible through this link.

A number of institutional investors have modified their holdings of the company. 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 during the period. State of Tennessee Treasury Department increased its position in shares of 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 valued at $58,278,000 after buying an additional 1,236,437 shares during the period. 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 period. 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 period. Finally, Eagle Asset Management boosted its stake 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 worth $4,888,000 after buying an additional 156,064 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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