Whiting Petroleum Corp. (NYSE:WLL) shares shot up 8.9% during mid-day trading on Monday . The company traded as high as $8.40 and last traded at $8.34, with a volume of 14,727,785 shares changing hands. The stock had previously closed at $7.66.

A number of brokerages have recently issued reports on WLL. Cantor Fitzgerald reiterated a “hold” rating on shares of Whiting Petroleum Corp. in a report on Sunday. Citigroup Inc. cut their price target on Whiting Petroleum Corp. from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, August 4th. Zacks Investment Research downgraded Whiting Petroleum Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. KLR Group reiterated a “buy” rating and issued a $15.00 price target (down from $18.00) on shares of Whiting Petroleum Corp. in a report on Monday, August 1st. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $13.00 price target on shares of Whiting Petroleum Corp. in a report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.40.

The firm’s market cap is $2.28 billion. The company’s 50-day moving average price is $8.10 and its 200-day moving average price is $8.91.

Whiting Petroleum Corp. (NYSE:WLL) last announced its quarterly earnings data on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.52) by $0.18. During the same period in the prior year, the firm posted $0.04 EPS. The company had revenue of $339.58 million for the quarter, compared to analysts’ expectations of $374.83 million. The firm’s revenue for the quarter was down 42.4% compared to the same quarter last year. On average, equities analysts anticipate that Whiting Petroleum Corp. will post ($2.04) EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in WLL. Marshall Wace LLP increased its stake 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 worth $1,266,000 after buying an additional 83,592 shares during the last quarter. Rhumbline Advisers boosted 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 worth $1,421,000 after buying an additional 1,456 shares during the period. BNP Paribas Arbitrage SA boosted 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 worth $1,444,000 after buying an additional 92,574 shares during the period. Employees Retirement System of Texas boosted 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 worth $1,718,000 after buying an additional 115,000 shares during the period. Finally, Trexquant Investment LP boosted 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 worth $2,412,000 after buying an additional 194,758 shares during the period.

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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