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

A number of analysts recently commented on WLL shares. Canaccord Genuity reiterated a “buy” rating and set a $13.00 price objective on shares of Whiting Petroleum Corp. in a research report on Friday, July 29th. Wunderlich lifted their price objective on Whiting Petroleum Corp. from $7.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, July 29th. Cantor Fitzgerald reiterated a “hold” rating and set a $11.00 price objective on shares of Whiting Petroleum Corp. in a research report on Tuesday, July 26th. Seaport Global Securities upgraded Whiting Petroleum Corp. from a “sell” rating to a “neutral” rating and dropped their price objective for the stock from $9.00 to $8.00 in a research report on Tuesday, July 12th. Finally, Citigroup Inc. dropped their price objective on Whiting Petroleum Corp. from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Monday, July 18th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Whiting Petroleum Corp. has a consensus rating of “Hold” and an average target price of $13.55.

The company’s market capitalization is $2.04 billion. The stock’s 50-day moving average price is $7.88 and its 200-day moving average price is $8.94.

Whiting Petroleum Corp. (NYSE:WLL) last announced its earnings results on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of ($0.52) by $0.18. The company earned $339.58 million during the quarter, compared to analysts’ expectations of $374.83 million. During the same period last year, the firm posted $0.04 EPS. The firm’s revenue for the quarter was down 42.4% compared to the same quarter last year. Equities research analysts forecast that Whiting Petroleum Corp. will post ($2.01) earnings per share for the current fiscal year.

A number of hedge funds have 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 valued at $1,266,000 after buying an additional 83,592 shares during the last quarter. I.G. Investment Management LTD. increased 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 valued at $7,966,000 after buying an additional 402,051 shares during the last quarter. Stephens Investment Management Group LLC increased 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 valued at $2,768,000 after buying an additional 87,067 shares during the last quarter. 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. Finally, 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.

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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