Shares of Whiting Petroleum Corp. (NYSE:WLL) rose 4.9% during mid-day trading on Tuesday . The company traded as high as $7.98 and last traded at $7.96, with a volume of 14,069,354 shares. The stock had previously closed at $7.59.

WLL has been the topic of a number of recent research reports. Canaccord Genuity reissued a “buy” rating and set a $13.00 price objective on shares of Whiting Petroleum Corp. in a report on Friday, July 29th. Wunderlich increased their price objective on Whiting Petroleum Corp. from $7.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, July 29th. Cantor Fitzgerald restated a “hold” rating and issued a $11.00 target price on shares of Whiting Petroleum Corp. in a research note on Tuesday, July 26th. Seaport Global Securities upgraded Whiting Petroleum Corp. from a “sell” rating to a “neutral” rating and decreased their target price for the stock from $9.00 to $8.00 in a research note on Tuesday, July 12th. Finally, Citigroup Inc. decreased their target price on Whiting Petroleum Corp. from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, July 18th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Whiting Petroleum Corp. has a consensus rating of “Hold” and a consensus target price of $13.55.

The stock’s market capitalization is $2.16 billion. The company has a 50 day moving average of $7.94 and a 200 day moving average of $8.95.

Whiting Petroleum Corp. (NYSE:WLL) last announced its quarterly earnings data on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by $0.18. During the same quarter in the prior year, the business posted $0.04 earnings per share. The company earned $339.58 million during the quarter, compared to the consensus estimate of $374.83 million. The firm’s quarterly revenue was down 42.4% compared to the same quarter last year. On average, equities research analysts forecast that Whiting Petroleum Corp. will post ($2.03) EPS for the current fiscal year.

A number of hedge funds and institutional investors have recently made changes to their positions in WLL. 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 valued at $1,718,000 after buying an additional 115,000 shares during the period. 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 valued at $1,421,000 after buying an additional 1,456 shares during the period. State of Tennessee Treasury Department boosted 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. Stephens Investment Management Group LLC boosted its position in shares of Whiting Petroleum Corp. by 42.2% in the fourth quarter. Stephens Investment Management Group LLC now owns 293,206 shares of the oil and gas exploration company’s stock valued at $2,768,000 after buying an additional 87,067 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position 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 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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