Whiting Petroleum Corp. (NYSE:WLL) gapped up before the market opened on Tuesday after KeyCorp raised their price target on the stock from $12.00 to $15.00. The stock had previously closed at $10.72, but opened at $10.23. KeyCorp currently has an overweight rating on the stock. Whiting Petroleum Corp. shares last traded at $9.88, with a volume of 18,273,166 shares trading hands.

Several other research analysts have also weighed in on the company. Morgan Stanley dropped their price target on Whiting Petroleum Corp. from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 28th. Canaccord Genuity reissued a “buy” rating and set a $13.00 price target on shares of Whiting Petroleum Corp. in a research report on Friday, July 29th. Zacks Investment Research lowered Whiting Petroleum Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Cantor Fitzgerald reissued a “hold” rating on shares of Whiting Petroleum Corp. in a research report on Sunday, August 14th. Finally, Citigroup Inc. dropped their price target on Whiting Petroleum Corp. from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.00.

Several hedge funds and other institutional investors have recently bought and sold shares of WLL. TradeLink Capital LLC bought a new position in Whiting Petroleum Corp. during the second quarter valued at about $146,000. North Star Asset Management Inc. raised its position in Whiting Petroleum Corp. by 36.3% in the second quarter. North Star Asset Management Inc. now owns 174,469 shares of the oil and gas exploration company’s stock valued at $1,615,000 after buying an additional 46,510 shares in the last quarter. Beck Mack & Oliver LLC bought a new position in Whiting Petroleum Corp. during the second quarter valued at about $185,000. Henderson Group PLC raised its position in Whiting Petroleum Corp. by 10.5% in the second quarter. Henderson Group PLC now owns 1,048,608 shares of the oil and gas exploration company’s stock valued at $9,710,000 after buying an additional 99,564 shares in the last quarter. Finally, Papp L Roy & Associates bought a new position in Whiting Petroleum Corp. during the second quarter valued at about $186,000. Institutional investors and hedge funds own 74.21% of the company’s stock.

The company’s market cap is $2.85 billion. The stock has a 50-day moving average of $8.73 and a 200-day moving average of $9.09.

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. Whiting Petroleum Corp. had a negative return on equity of 11.83% and a negative net margin of 106.77%. The business had revenue of $129.23 million for the quarter, compared to the consensus estimate of $350.95 million. During the same quarter in the previous year, the company earned ($0.17) earnings per share. The firm’s revenue for the quarter was down 74.6% on a year-over-year basis. Equities research analysts anticipate that Whiting Petroleum Corp. will post ($2.19) earnings per share for the current fiscal year.

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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