Whiting Petroleum Corporation (NYSE:WLL) shares dropped 1.6% during trading on Monday . The stock traded as low as $5.18 and last traded at $5.29. Approximately 7,421,126 shares changed hands during trading, a decline of 63% from the average daily volume of 20,271,700 shares. The stock had previously closed at $5.20.

WLL has been the subject of several research analyst reports. Stifel Nicolaus lowered their price target on 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. Citigroup Inc. lowered their price target on Whiting Petroleum Corporation from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Cowen and Company set a $8.00 price target on Whiting Petroleum Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 18th. KeyCorp restated a “buy” rating and set a $7.00 price target on shares of Whiting Petroleum Corporation in a research report on Tuesday, September 19th. Finally, BMO Capital Markets restated a “hold” rating and set a $10.00 price target on shares of Whiting Petroleum Corporation in a research report on Thursday, June 22nd. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Whiting Petroleum Corporation currently has an average rating of “Hold” and an average target price of $10.38.

The company has a 50 day moving average price of $4.82 and a 200-day moving average price of $6.39. The stock’s market cap is $1.92 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 for the quarter, topping the consensus estimate of ($0.19) by $0.01. The firm had revenue of $311.50 million for 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%. Whiting Petroleum Corporation’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.70) earnings per share. On average, equities analysts forecast that Whiting Petroleum Corporation will post ($0.70) EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WLL. Chicago Equity Partners LLC acquired a new stake in Whiting Petroleum Corporation during the second quarter worth about $102,000. Campbell & CO Investment Adviser LLC raised its stake in Whiting Petroleum Corporation by 24.4% during the second quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock worth $112,000 after acquiring an additional 3,988 shares during the period. World Asset Management Inc raised its stake in Whiting Petroleum Corporation by 4.7% during the first quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock worth $120,000 after acquiring an additional 570 shares during the period. Palisade Capital Management LLC NJ acquired a new stake in Whiting Petroleum Corporation during the second quarter worth about $121,000. Finally, Gotham Asset Management LLC raised its stake in Whiting Petroleum Corporation by 22.8% during the first quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock worth $131,000 after acquiring an additional 2,566 shares during the period. Hedge funds and other institutional investors own 83.18% 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.

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