Whiting Petroleum Corporation (NYSE:WLL) shares shot up 6% during trading on Thursday . The stock traded as high as $23.29 and last traded at $23.12. 7,129,512 shares were traded during trading, an increase of 51% from the average session volume of 4,715,758 shares. The stock had previously closed at $21.81.

Several brokerages have commented on WLL. Barclays PLC boosted their target price on Whiting Petroleum Corporation from $5.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday. Imperial Capital boosted their target price on Whiting Petroleum Corporation from $6.00 to $30.00 and gave the stock a “line” rating in a research note on Monday, November 13th. Cowen and Company reissued a “buy” rating and set a $32.00 target price on shares of Whiting Petroleum Corporation in a research note on Friday, November 10th. Robert W. Baird boosted their target price on Whiting Petroleum Corporation from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Finally, ValuEngine raised Whiting Petroleum Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Seven equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $36.62.

The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62.

Whiting Petroleum Corporation (NYSE:WLL) last posted its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.80) by $0.24. The firm had revenue of $324.20 million for the quarter, compared to analysts’ expectations of $330.25 million. Whiting Petroleum Corporation had a negative return on equity of 5.06% and a negative net margin of 45.39%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.88) EPS. analysts anticipate that Whiting Petroleum Corporation will post -2.43 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Chicago Equity Partners LLC bought a new position in shares of Whiting Petroleum Corporation during the 2nd quarter worth approximately $102,000. Shell Asset Management Co. bought a new position in shares of Whiting Petroleum Corporation during the 3rd quarter worth approximately $1,565,000. Campbell & CO Investment Adviser LLC boosted its holdings in shares of Whiting Petroleum Corporation by 24.4% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock worth $112,000 after buying an additional 3,988 shares in the last quarter. Palisade Capital Management LLC NJ bought a new position in shares of Whiting Petroleum Corporation in the 2nd quarter worth $121,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Whiting Petroleum Corporation in the 3rd quarter worth $133,000.

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About Whiting Petroleum Corporation

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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