Equities researchers at Bank of America Corporation initiated coverage on shares of WPX Energy, Inc. (NYSE:WPX) in a report released on Monday, October 16th, Marketbeat reports. The brokerage set a “buy” rating on the oil and gas producer’s stock.
WPX has been the topic of a number of other reports. BMO Capital Markets boosted their price target on WPX Energy from $12.00 to $13.00 and gave the company a “no rating at time” rating in a report on Friday, July 14th. ValuEngine upgraded WPX Energy from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Cowen and Company raised WPX Energy from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from $15.00 to $14.00 in a research report on Thursday, June 22nd. Seaport Global Securities downgraded WPX Energy from a “buy” rating to a “sell” rating and decreased their target price for the company from $17.00 to $6.50 in a research report on Wednesday, June 21st. Finally, Scotiabank reissued a “buy” rating and set a $19.00 price target on shares of WPX Energy in a research report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $15.61.
WPX Energy (NYSE:WPX) opened at 10.36 on Monday. The stock’s 50 day moving average price is $10.84 and its 200 day moving average price is $10.74. WPX Energy has a 1-year low of $8.40 and a 1-year high of $16.17. The firm’s market cap is $4.12 billion.
WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.02. The business had revenue of $413.00 million during the quarter, compared to analysts’ expectations of $301.78 million. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. The firm’s quarterly revenue was up 199.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.28) earnings per share. Equities research analysts predict that WPX Energy will post ($0.50) EPS for the current year.
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In related news, insider Clay M. Gaspar sold 35,000 shares of WPX Energy stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $10.48, for a total value of $366,800.00. Following the sale, the insider now owns 506,326 shares of the company’s stock, valued at approximately $5,306,296.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.40% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Advisors Inc. OK grew its position in shares of WPX Energy by 2.0% during the 2nd quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock valued at $100,000 after purchasing an additional 200 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of WPX Energy during the 2nd quarter valued at $113,000. Financial Counselors Inc. lifted its holdings in shares of WPX Energy by 9.0% during the 2nd quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after acquiring an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of WPX Energy by 12.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock worth $134,000 after acquiring an additional 1,540 shares during the last quarter. Finally, BlueMountain Capital Management LLC lifted its holdings in shares of WPX Energy by 39.3% during the 2nd quarter. BlueMountain Capital Management LLC now owns 14,532 shares of the oil and gas producer’s stock worth $140,000 after acquiring an additional 4,097 shares during the last quarter. Hedge funds and other institutional investors own 97.75% of the company’s stock.
About WPX Energy
WPX Energy, Inc is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States.
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