Whiting Petroleum Corporation (NYSE:WLL) hit a new 52-week low on Tuesday . The company traded as low as $4.21 and last traded at $4.21, with a volume of 14,468,155 shares trading hands. The stock had previously closed at $4.26.

A number of equities research analysts have weighed in on WLL shares. Royal Bank Of Canada reiterated a “hold” rating and issued a $12.00 price objective on shares of Whiting Petroleum Corporation in a research note on Tuesday, April 25th. R. F. Lafferty boosted their price objective on Whiting Petroleum Corporation from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, April 27th. KLR Group boosted their price objective on Whiting Petroleum Corporation from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Credit Suisse Group reiterated an “outperform” rating and issued a $15.00 price objective on shares of Whiting Petroleum Corporation in a research note on Monday, May 8th. Finally, FBR & Co reduced their price objective on Whiting Petroleum Corporation from $13.00 to $11.00 and set a “mkt perform” rating for the company in a research note on Wednesday, May 10th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.28.

The stock’s 50 day moving average is $5.02 and its 200 day moving average is $7.67. The company’s market cap is $1.53 billion.

Whiting Petroleum Corporation (NYSE:WLL) last issued its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.01. The business had revenue of $311.50 million for the quarter, compared to analysts’ expectations of $345.64 million. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.70) EPS. Analysts anticipate that Whiting Petroleum Corporation will post ($0.71) EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Whiting Petroleum Corporation by 0.9% in the second quarter. Vanguard Group Inc. now owns 28,173,403 shares of the oil and gas exploration company’s stock worth $155,236,000 after buying an additional 254,053 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Whiting Petroleum Corporation by 21.0% in the second quarter. Dimensional Fund Advisors LP now owns 25,799,001 shares of the oil and gas exploration company’s stock valued at $142,153,000 after buying an additional 4,483,396 shares during the period. Fine Capital Partners L.P. boosted its stake in shares of Whiting Petroleum Corporation by 53.7% in the second quarter. Fine Capital Partners L.P. now owns 21,336,862 shares of the oil and gas exploration company’s stock valued at $117,566,000 after buying an additional 7,450,722 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Whiting Petroleum Corporation by 8.0% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 19,517,667 shares of the oil and gas exploration company’s stock valued at $107,542,000 after buying an additional 1,440,273 shares during the period. Finally, Schneider Capital Management Corp boosted its stake in shares of Whiting Petroleum Corporation by 63.7% in the second quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock valued at $31,570,000 after buying an additional 2,230,237 shares during the period. Institutional investors and hedge funds own 83.22% of the company’s stock.

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About Whiting Petroleum Corporation

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 region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

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