Whiting Petroleum Corp (NYSE:WLL) shares fell 5.7% during trading on Monday . The stock traded as low as $22.27 and last traded at $22.54. 4,683,626 shares were traded during trading, a decline of 1% from the average session volume of 4,743,123 shares. The stock had previously closed at $23.89.

Several research firms have commented on WLL. Zacks Investment Research downgraded shares of Whiting Petroleum from a “buy” rating to a “hold” rating and set a $27.00 price target on the stock. in a research note on Saturday. Morgan Stanley set a $28.00 price target on shares of Whiting Petroleum and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Imperial Capital restated an “in-line” rating and issued a $29.00 target price (down previously from $33.00) on shares of Whiting Petroleum in a report on Friday, May 3rd. Bank of America set a $37.00 target price on shares of Whiting Petroleum and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Ifs Securities cut shares of Whiting Petroleum from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $46.86.

The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 11.10 and a beta of 2.94. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.58 and a current ratio of 0.58.

Whiting Petroleum (NYSE:WLL) last released its quarterly earnings results on Wednesday, May 1st. The oil and gas exploration company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.36). The company had revenue of $389.50 million during the quarter, compared to the consensus estimate of $421.43 million. Whiting Petroleum had a net margin of 13.22% and a return on equity of 2.98%. The business’s revenue was down 24.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. Equities analysts expect that Whiting Petroleum Corp will post 1.77 earnings per share for the current fiscal year.

In related news, Director Philip Edward Doty sold 2,500 shares of Whiting Petroleum stock in a transaction on Friday, March 1st. The shares were sold at an average price of $24.62, for a total value of $61,550.00. Following the sale, the director now owns 16,822 shares in the company, valued at $414,157.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Peter Hagist sold 5,000 shares of Whiting Petroleum stock in a transaction on Friday, March 15th. The shares were sold at an average price of $25.19, for a total transaction of $125,950.00. Following the completion of the sale, the insider now owns 43,930 shares in the company, valued at approximately $1,106,596.70. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Whittier Trust Co. boosted its holdings in shares of Whiting Petroleum by 89.9% during the 1st quarter. Whittier Trust Co. now owns 1,092 shares of the oil and gas exploration company’s stock valued at $29,000 after buying an additional 517 shares in the last quarter. Rational Advisors LLC boosted its holdings in shares of Whiting Petroleum by 808.2% during the 4th quarter. Rational Advisors LLC now owns 1,335 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 1,188 shares in the last quarter. NuWave Investment Management LLC boosted its holdings in shares of Whiting Petroleum by 217.9% during the 4th quarter. NuWave Investment Management LLC now owns 1,335 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 915 shares in the last quarter. Ffcm LLC boosted its holdings in shares of Whiting Petroleum by 72.2% during the 4th quarter. Ffcm LLC now owns 1,360 shares of the oil and gas exploration company’s stock valued at $31,000 after buying an additional 570 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Whiting Petroleum by 78.8% during the 1st quarter. Meeder Asset Management Inc. now owns 2,222 shares of the oil and gas exploration company’s stock valued at $58,000 after buying an additional 979 shares in the last quarter. Hedge funds and other institutional investors own 97.49% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Whiting Petroleum (WLL) Trading Down 5.7%” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.watchlistnews.com/whiting-petroleum-wll-trading-down-5-7/3011289.html.

About Whiting Petroleum (NYSE:WLL)

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.

Featured Article: Why is the price-sales ratio important?

Receive News & Ratings for Whiting Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whiting Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.