Whiting Petroleum Corp. (NYSE:WLL)’s share price dropped 4.9% during trading on Wednesday . The stock traded as low as $7.80 and last traded at $7.88, with a volume of 16,275,401 shares trading hands. The stock had previously closed at $8.29.

WLL has been the topic of several research reports. Vetr upgraded shares of Whiting Petroleum Corp. from a “sell” rating to a “hold” rating and set a $10.71 price objective on the stock in a report on Wednesday, April 20th. Morgan Stanley upgraded shares of Whiting Petroleum Corp. from an “underweight” rating to an “equal weight” rating and set a $13.00 price objective on the stock in a report on Friday, June 24th. Cantor Fitzgerald reiterated a “hold” rating and issued a $11.00 price objective on shares of Whiting Petroleum Corp. in a report on Tuesday, July 26th. Zacks Investment Research upgraded shares of Whiting Petroleum Corp. from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a report on Thursday, July 7th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Whiting Petroleum Corp. in a report on Thursday, May 12th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.40.

The stock’s 50 day moving average is $8.10 and its 200-day moving average is $8.91. The firm’s market capitalization is $2.21 billion.

Whiting Petroleum Corp. (NYSE:WLL) last issued its 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 earned $339.58 million during the quarter, compared to analyst estimates of $374.83 million. During the same period in the prior year, the company posted $0.04 earnings per share. Whiting Petroleum Corp.’s quarterly revenue was down 42.4% compared to the same quarter last year. On average, analysts forecast that Whiting Petroleum Corp. will post ($2.04) earnings per share for the current year.

A number of hedge funds recently made changes to their positions in the stock. 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 valued at $1,266,000 after buying an additional 83,592 shares during the last quarter. Rhumbline Advisers increased its stake 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 increased its stake 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. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Whiting Petroleum Corp. by 85.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 162,000 shares of the oil and gas exploration company’s stock valued at $1,529,000 after buying an additional 74,500 shares during the last quarter. Finally, Employees Retirement System of Texas increased its stake 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.

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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