As previously reported, Stephens analyst Gail Nicholson downgraded Whiting Petroleum to Equal Weight from Overweight and cut her price target on the shares to $14 from $24 as she lowered her volume forecast for the second half of the year by 6% and trimmed her 2020 production forecast by 4% and increased her equity discount rate to reflect the market's bearish sentiment on oil. The company's Q2 volume miss and production guide down has created market skepticism that she believes will make the stock an in-line performer, barring a significant oil price improvement, Nicholson tells investors.