An issue of Whiting Petroleum Corp. (NYSE:WLL) debt rose 2% against its face value during trading on Tuesday. The debt issue has a 6.25% coupon and is set to mature on April 1, 2023. The bonds in the issue are now trading at $96.00 and were trading at $90.75 last week. Price moves in a company’s debt in credit markets often predict parallel moves in its stock price.

A number of equities research analysts recently weighed in on the stock. KeyCorp boosted their price target on shares of Whiting Petroleum Corp. from $12.00 to $15.00 and gave the company an “overweight” rating in a research report on Tuesday. SunTrust Banks Inc. set a $20.00 price target on shares of Whiting Petroleum Corp. and gave the company a “buy” rating in a research report on Monday, October 10th. Vetr cut shares of Whiting Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $9.80 price target for the company. in a research report on Monday, October 3rd. Mizuho started coverage on shares of Whiting Petroleum Corp. in a research report on Wednesday, October 5th. They issued a “neutral” rating and a $9.00 price target for the company. Finally, KLR Group upped their target price on shares of Whiting Petroleum Corp. from $14.00 to $17.00 and gave the company a “buy” rating in a report on Monday, October 31st. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.00.

Whiting Petroleum Corp. (NYSE:WLL) traded down 1.08% during midday trading on Tuesday, reaching $10.12. 28,726,389 shares of the company were exchanged. The firm’s market cap is $2.84 billion. The firm’s 50-day moving average is $8.76 and its 200-day moving average is $9.08. Whiting Petroleum Corp. has a one year low of $3.35 and a one year high of $17.64.

Whiting Petroleum Corp. (NYSE:WLL) last released its earnings results on Wednesday, October 26th. The oil and gas exploration company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.40) by $0.07. The firm earned $129.23 million during the quarter, compared to analysts’ expectations of $350.95 million. Whiting Petroleum Corp. had a negative return on equity of 11.83% and a negative net margin of 106.77%. The business’s revenue was down 74.6% on a year-over-year basis. During the same period last year, the business earned ($0.17) earnings per share. On average, equities analysts expect that Whiting Petroleum Corp. will post ($2.19) EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Palisade Capital Management LLC NJ bought a new position in shares of Whiting Petroleum Corp. during the second quarter worth approximately $167,000. Investors Capital Advisory Services bought a new position in shares of Whiting Petroleum Corp. during the second quarter worth approximately $113,000. Putnam FL Investment Management Co. increased its position in shares of Whiting Petroleum Corp. by 1.1% in the second quarter. Putnam FL Investment Management Co. now owns 18,780 shares of the oil and gas exploration company’s stock worth $174,000 after buying an additional 200 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Whiting Petroleum Corp. during the second quarter worth approximately $144,000. Finally, Lorber David A bought a new position in shares of Whiting Petroleum Corp. during the first quarter worth approximately $199,000. 74.21% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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