Whiting Petroleum Corp. (NYSE:WLL)’s share price was down 4.9% during mid-day 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 changing hands. The stock had previously closed at $8.29.

Several equities analysts have recently issued reports on WLL shares. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Whiting Petroleum Corp. in a research note on Saturday, April 30th. Vetr raised Whiting Petroleum Corp. from a “hold” rating to a “buy” rating and set a $10.43 price target on the stock in a research note on Monday, May 9th. Zacks Investment Research raised Whiting Petroleum Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th. Cantor Fitzgerald lowered Whiting Petroleum Corp. from a “buy” rating to a “hold” rating and upped their price target for the company from $10.00 to $11.00 in a research note on Tuesday, April 26th. Finally, Goldman Sachs Group Inc. lowered Whiting Petroleum Corp. from a “buy” rating to a “neutral” rating and cut their price target for the company from $13.75 to $12.75 in a research note on Wednesday, July 6th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.40.

The company’s market cap is $2.23 billion. The company has a 50-day moving average price of $8.03 and a 200-day moving average price of $8.90.

Whiting Petroleum Corp. (NYSE:WLL) last issued its quarterly earnings data on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.52) by $0.18. The business earned $339.58 million during the quarter, compared to analysts’ expectations of $374.83 million. During the same period in the prior year, the company earned $0.04 earnings per share. The business’s quarterly revenue was down 42.4% on a year-over-year basis. Equities research analysts forecast that Whiting Petroleum Corp. will post ($2.05) earnings per share for the current year.

A number of hedge funds recently modified their holdings of WLL. Marshall Wace LLP raised 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 in the last quarter. Rhumbline Advisers raised 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 worth $1,421,000 after buying an additional 1,456 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised 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 worth $1,529,000 after buying an additional 74,500 shares in the last quarter. Employees Retirement System of Texas raised 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 worth $1,718,000 after buying an additional 115,000 shares in the last quarter. Finally, Trexquant Investment LP raised its stake 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 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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