NEW YORK (TheStreet) -- Shares of Whiting Petroleum Corp. (WLL) - Get Report are lower by 3.42% to $39.55 in mid-morning trading on Thursday, as some stocks with in the energy sector are taking a hit due to today's slump in the price of oil.

Crude oil (WTI) is down by 3.13% to $43.26 per barrel and Brent crude is falling by 2.83% to $54.33 per barrel this morning, according to the CNBC.com index.

Oil prices are being driven into the red today following data from the Energy Information Administration showing U.S. oil inventories grew more than expected last week by 9.6 million barrels to 458.5 million barrels.

Additionally, oil is also being pressured by comments from Kuwait Oil Minister Ali-Al-Omair who said OPEC still has no plans to put together a meeting in order to discuss ways to shore up oil prices and has no choice but to keep its current production rate in order to maintain market share, Bloomberg reports.

Insight from TheStreet's Research Team:

Whiting Petroleum is a core holding of David Peltier's Stocks Under $10 Portfolio. During the most recent weekly roundup, this is what Dave had to say about the stock:

Whiting explores for oil and gas in the Permian Basin, Williston Basin and Green River Basin. It was a volatile week for the shares, which added 16% to recent gains. While an outright sale of the company does not appear imminent, we believe some smaller asset sales could help take the stock back up toward $40 in the near term.

-David Peltier 'Stocks Under $10 Weekly Roundup' Originally Published on 03/13/2015 on Stocks Under $10.

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Separately, TheStreet Ratings team rates WHITING PETROLEUM CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate WHITING PETROLEUM CORP (WLL) a HOLD. The primary factors that have impacted our rating are mixed-some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income."

You can view the full analysis from the report here: WLL Ratings Report

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