Whiting Petroleum Corporation (NYSE:WLL) was the target of some unusual options trading activity on Wednesday. Investors bought 1,246 put options on the stock. This represents an increase of 159% compared to the typical volume of 482 put options.

WLL has been the subject of several research analyst reports. Citigroup Inc. lowered their price objective on shares of Whiting Petroleum Corporation from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, July 13th. Cowen and Company set a $8.00 price objective on shares of Whiting Petroleum Corporation and gave the company a “buy” rating in a research report on Tuesday, July 18th. Stifel Nicolaus lowered their price objective on shares of Whiting Petroleum Corporation from $12.00 to $11.50 and set a “buy” rating for the company in a research report on Thursday, July 27th. BMO Capital Markets restated a “hold” rating and set a $10.00 price objective on shares of Whiting Petroleum Corporation in a research report on Thursday, June 22nd. Finally, Royal Bank Of Canada set a $12.00 price objective on shares of Whiting Petroleum Corporation and gave the company a “hold” rating in a research report on Friday, June 2nd. Eight investment analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $10.99.

A number of large investors have recently added to or reduced their stakes in the stock. Davidson Kempner Capital Management LP acquired a new position in Whiting Petroleum Corporation during the 2nd quarter valued at approximately $8,265,000. Dynamic Technology Lab Private Ltd boosted its position in Whiting Petroleum Corporation by 19.9% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 46,738 shares of the oil and gas exploration company’s stock valued at $258,000 after purchasing an additional 7,742 shares during the period. Public Employees Retirement System of Ohio boosted its position in Whiting Petroleum Corporation by 75.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 159,990 shares of the oil and gas exploration company’s stock valued at $882,000 after purchasing an additional 68,808 shares during the period. Wealthsource Partners LLC boosted its position in Whiting Petroleum Corporation by 72.3% during the 2nd quarter. Wealthsource Partners LLC now owns 52,625 shares of the oil and gas exploration company’s stock valued at $290,000 after purchasing an additional 22,075 shares during the period. Finally, Proxima Capital Management LLC boosted its position in Whiting Petroleum Corporation by 22.8% during the 2nd quarter. Proxima Capital Management LLC now owns 860,000 shares of the oil and gas exploration company’s stock valued at $4,739,000 after purchasing an additional 159,400 shares during the period. Institutional investors and hedge funds own 83.96% of the company’s stock.

Whiting Petroleum Corporation (NYSE WLL) opened at 4.86 on Friday. Whiting Petroleum Corporation has a 12-month low of $3.97 and a 12-month high of $13.39. The company has a 50-day moving average of $4.62 and a 200 day moving average of $6.87. The firm’s market cap is $1.76 billion.

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

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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.

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