Whiting Petroleum Corp. (NYSE:WLL)’s share price traded up 5.2% on Wednesday . The company traded as high as $7.31 and last traded at $7.22, with a volume of 12,187,096 shares traded. The stock had previously closed at $6.86.

A number of equities analysts recently weighed in on the stock. Goldman Sachs Group Inc. downgraded shares of Whiting Petroleum Corp. from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $13.75 to $12.75 in a report on Wednesday, July 6th. Vetr downgraded shares of Whiting Petroleum Corp. from a “buy” rating to a “hold” rating and set a $13.78 target price on the stock. in a report on Tuesday, June 7th. Wunderlich reduced their price objective on shares of Whiting Petroleum Corp. from $14.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, June 28th. Barclays PLC reduced their price objective on shares of Whiting Petroleum Corp. from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, July 14th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $11.00 price objective on shares of Whiting Petroleum Corp. in a research report on Wednesday, July 6th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $13.36.

The stock has a 50-day moving average price of $7.59 and a 200-day moving average price of $9.32. The firm’s market cap is $2.03 billion.

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Whiting Petroleum Corp. (NYSE:WLL) last issued its quarterly earnings results on Wednesday, July 27th. The oil and gas exploration company reported ($0.70) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.52) by $0.18. The business had revenue of $339.58 million for the quarter, compared to the consensus estimate of $374.83 million. Whiting Petroleum Corp. had a negative net margin of 155.88% and a negative return on equity of 9.62%. The business’s revenue was down 42.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 EPS. On average, equities analysts anticipate that Whiting Petroleum Corp. will post ($2.04) earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in WLL. Third Point LLC purchased a new position in shares of Whiting Petroleum Corp. during the second quarter worth $75,932,000. Vanguard Group Inc. boosted its position in shares of Whiting Petroleum Corp. by 20.4% in the second quarter. Vanguard Group Inc. now owns 17,478,715 shares of the oil and gas exploration company’s stock worth $161,853,000 after buying an additional 2,961,485 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Whiting Petroleum Corp. by 329.4% in the second quarter. Victory Capital Management Inc. now owns 3,234,694 shares of the oil and gas exploration company’s stock worth $29,953,000 after buying an additional 2,481,447 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Whiting Petroleum Corp. during the second quarter worth $20,930,000. Finally, First Trust Advisors LP boosted its position in shares of Whiting Petroleum Corp. by 79.5% in the second quarter. First Trust Advisors LP now owns 4,001,939 shares of the oil and gas exploration company’s stock worth $37,058,000 after buying an additional 1,772,115 shares in the last quarter. 77.29% of the stock is currently owned by institutional investors.

About Whiting Petroleum Corp.

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.

5 Day Chart for NYSE:WLL

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