Whiting Petroleum Corp. (NYSE:WLL) shares shot up 4.6% during trading on Friday . The stock traded as high as $7.48 and last traded at $7.44, with a volume of 12,058,622 shares traded. The stock had previously closed at $7.11.

WLL has been the subject of several recent analyst reports. Cantor Fitzgerald restated a “hold” rating on shares of Whiting Petroleum Corp. in a research report on Sunday, August 14th. Citigroup Inc. dropped their target price on Whiting Petroleum Corp. from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. Zacks Investment Research lowered Whiting Petroleum Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. KLR Group restated a “buy” rating and set a $15.00 target price (down previously from $18.00) on shares of Whiting Petroleum Corp. in a research report on Monday, August 1st. Finally, Canaccord Genuity restated a “buy” rating and set a $13.00 target price on shares of Whiting Petroleum Corp. in a research report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.55.

The stock has a 50 day moving average of $7.74 and a 200-day moving average of $9.01. The stock’s market cap is $2.04 billion.

Whiting Petroleum Corp. (NYSE:WLL) last released 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 Thomson Reuters’ consensus estimate of ($0.52) by $0.18. The firm had revenue of $339.58 million for the quarter, compared to analyst estimates of $374.83 million. During the same period in the prior year, the business posted $0.04 earnings per share. The company’s revenue was down 42.4% on a year-over-year basis. On average, equities research analysts predict that Whiting Petroleum Corp. will post ($2.03) earnings per share for the current year.

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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