Whiting Petroleum Corp. (NYSE:WLL) fell 2.8% on Wednesday . The company traded as low as $7.61 and last traded at $7.63, with a volume of 8,748,941 shares trading hands. The stock had previously closed at $7.85.

A number of research firms have recently weighed in on WLL. Cantor Fitzgerald reiterated a “hold” rating on shares of Whiting Petroleum Corp. in a research report on Sunday, August 14th. Citigroup Inc. decreased their price objective on shares of Whiting Petroleum Corp. from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. Zacks Investment Research cut shares of Whiting Petroleum Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. KLR Group reissued a “buy” rating and issued a $15.00 price objective (down from $18.00) on shares of Whiting Petroleum Corp. in a research note on Monday, August 1st. Finally, Canaccord Genuity reissued a “buy” rating and issued a $13.00 price objective on shares of Whiting Petroleum Corp. in a research note on Friday, July 29th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Whiting Petroleum Corp. has an average rating of “Hold” and an average price target of $13.55.

The company’s market capitalization is $2.04 billion. The firm’s 50-day moving average price is $7.94 and its 200-day moving average price is $8.96.

Whiting Petroleum Corp. (NYSE:WLL) last announced its quarterly earnings results 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 firm had revenue of $339.58 million for the quarter, compared to analysts’ expectations of $374.83 million. During the same period in the previous year, the company earned $0.04 EPS. The firm’s revenue for the quarter was down 42.4% on a year-over-year basis. On average, analysts anticipate that Whiting Petroleum Corp. will post ($2.03) earnings per share for the current fiscal year.

Several hedge funds recently made changes to their positions in WLL. State of Tennessee Treasury Department raised its stake 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 worth $58,278,000 after buying an additional 1,236,437 shares in the last quarter. I.G. Investment Management LTD. raised its stake in shares of Whiting Petroleum Corp. by 91.0% in the fourth quarter. I.G. Investment Management LTD. now owns 843,878 shares of the oil and gas exploration company’s stock worth $7,966,000 after buying an additional 402,051 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. Stephens Investment Management Group LLC raised its stake 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 worth $2,768,000 after buying an additional 87,067 shares in the last quarter. Finally, 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.

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.