Whiting Petroleum Corp. (NYSE:WLL) shares shot up 5.5% during mid-day trading on Monday . The company traded as high as $8.25 and last traded at $8.06, with a volume of 15,844,196 shares. The stock had previously closed at $7.64.

Several brokerages recently issued reports on WLL. Vetr cut shares of Whiting Petroleum Corp. from a “buy” rating to a “hold” rating and set a $13.78 target price for the company. in a report on Tuesday, June 7th. Royal Bank Of Canada cut shares of Whiting Petroleum Corp. from an “outperform” rating to a “sector perform” rating and set a $12.00 target price for the company. in a report on Thursday, April 28th. SunTrust Banks Inc. reissued a “buy” rating and set a $18.00 target price on shares of Whiting Petroleum Corp. in a report on Monday, May 2nd. Canaccord Genuity reissued a “buy” rating and set a $14.00 target price (up previously from $12.00) on shares of Whiting Petroleum Corp. in a report on Monday, May 2nd. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of Whiting Petroleum Corp. in a report on Saturday, April 30th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $15.68.

The stock’s market capitalization is $2.12 billion. The company has a 50-day moving average of $8.52 and a 200-day moving average of $8.88.

Whiting Petroleum Corp. (NYSE:WLL) last released its quarterly earnings results on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.52) by $0.18. The business had revenue of $339.58 million for the quarter, compared to the consensus estimate of $374.83 million. During the same quarter in the prior year, the company earned $0.04 earnings per share. Whiting Petroleum Corp.’s revenue was down 42.4% compared to the same quarter last year. On average, equities analysts forecast that Whiting Petroleum Corp. will post ($1.94) earnings per share for the current fiscal year.

Several hedge funds and institutional investors recently made changes to their positions in the company. Marshall Wace LLP raised its position in shares of Whiting Petroleum Corp. by 165.3% in the fourth quarter. Marshall Wace LLP now owns 134,156 shares of the oil and gas exploration company’s stock valued at $1,266,000 after buying an additional 83,592 shares during the last quarter. Rhumbline Advisers raised its position in shares of 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 valued at $1,421,000 after buying an additional 1,456 shares during the last quarter. BNP Paribas Arbitrage SA raised 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. Employees Retirement System of Texas raised its position in shares of Whiting Petroleum Corp. by 171.6% in the fourth quarter. Employees Retirement System of Texas now owns 182,000 shares of the oil and gas exploration company’s stock valued at $1,718,000 after buying an additional 115,000 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Whiting Petroleum Corp. by 44.3% in the fourth quarter. First Trust Advisors LP now owns 219,304 shares of the oil and gas exploration company’s stock valued at $2,070,000 after buying an additional 67,322 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.