Whiting Petroleum Corporation (NYSE:WLL) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $4.13 and last traded at $4.13, with a volume of 13,113,702 shares. The stock had previously closed at $4.28.

Several research analysts have issued reports on WLL shares. Citigroup Inc. cut their price target on Whiting Petroleum Corporation from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, July 13th. Cowen and Company set a $8.00 price target on Whiting Petroleum Corporation and gave the stock a “buy” rating in a report on Tuesday, July 18th. Stifel Nicolaus cut their price target on Whiting Petroleum Corporation from $12.00 to $11.50 and set a “buy” rating on the stock in a report on Thursday, July 27th. BMO Capital Markets set a $10.00 price target on Whiting Petroleum Corporation and gave the stock a “hold” rating in a report on Monday, May 15th. Finally, Royal Bank Of Canada set a $12.00 price target on Whiting Petroleum Corporation and gave the stock a “hold” rating in a report on Friday, June 2nd. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.28.

The stock’s market capitalization is $1.49 billion. The stock has a 50 day moving average price of $4.73 and a 200-day moving average price of $7.12.

Whiting Petroleum Corporation (NYSE:WLL) last announced its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.01. The business had revenue of $311.50 million during the quarter, compared to analyst estimates of $345.64 million. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.70) EPS. On average, analysts predict that Whiting Petroleum Corporation will post ($0.70) EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in WLL. Dimensional Fund Advisors LP raised its stake in Whiting Petroleum Corporation by 95.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 21,315,605 shares of the oil and gas exploration company’s stock valued at $201,642,000 after buying an additional 10,428,144 shares during the last quarter. Fine Capital Partners L.P. raised its stake in Whiting Petroleum Corporation by 53.7% during the 2nd 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 last quarter. Vanguard Group Inc. raised its stake in Whiting Petroleum Corporation by 28.6% during the 1st quarter. Vanguard Group Inc. now owns 27,919,350 shares of the oil and gas exploration company’s stock valued at $264,116,000 after buying an additional 6,211,479 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Whiting Petroleum Corporation during the 1st quarter valued at $29,442,000. Finally, Numeric Investors LLC raised its stake in Whiting Petroleum Corporation by 163.0% during the 2nd quarter. Numeric Investors LLC now owns 4,835,600 shares of the oil and gas exploration company’s stock valued at $26,644,000 after buying an additional 2,997,300 shares during the last quarter. Institutional investors and hedge funds own 83.96% of the company’s stock.

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Whiting Petroleum Corporation Company Profile

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.