NEW YORK (TheStreet) -- Whiting Petroleum (WLL) - Get Whiting Petroleum Corporation Report stock is climbing by 3.64% to $17.36 in late morning trading on Friday, as oil prices rally for a second day.

Following the biggest one-day gain since January yesterday, crude oil (WTI) is higher by 5.76% to $45.01 per barrel this morning, and Brent crude up by 4.88% to $49.88 per barrel, according to the CNBC.com index.

Oil prices received a boost on Thursday in light of strong U.S. economic data that showed second quarter growth was higher than expected, as well as reports that some Nigerian exports would be halted, The Wall Street Journal reports.

However, concern persists that the uptick in oil prices is temporary, as production hovers around multi-year highs in the U.S., Saudi Arabia and other countries amid a global supply glut, according to The Journal.

Insight from TheStreet Research Team

Whiting Petroleum is a core holding of David Peltier's Stocks Under $10 Portfolio. Here is what Peltier had to say about it in the most recent weekly roundup:

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Inflection Point; $51 price target): The company explores for oil and gas in the Permian Basin, Williston Basin and Green River Basin. The stock declined 17% this week, along with underlying energy prices. We maintain that Whiting can boost production in the coming quarters, while keeping a tight lid on costs.

- David Peltier "Stocks Under $10 Weekly Roundup" Originally Published on 8/21/2015 on Stocks Under $10.

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

"We rate WHITING PETROLEUM CORP (WLL) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."

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