WPX Energy, Inc. (NYSE:WPX) – Equities research analysts at Seaport Global Securities raised their FY2017 earnings per share (EPS) estimates for WPX Energy in a report issued on Tuesday, Zacks Investment Research reports. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas producer will earn ($0.52) per share for the year, up from their previous forecast of ($0.53). Seaport Global Securities has a “Sell” rating and a $8.00 price objective on the stock.
Several other equities research analysts also recently commented on WPX. SunTrust Banks, Inc. set a $14.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Barclays PLC raised shares of WPX Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $10.00 to $14.00 in a research report on Tuesday. ValuEngine downgraded shares of WPX Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Northland Securities set a $20.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a research report on Monday, August 21st. Finally, BidaskClub downgraded shares of WPX Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $15.61.
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WPX Energy (NYSE:WPX) traded down $0.23 on Thursday, reaching $12.64. 6,781,700 shares of the company’s stock traded hands, compared to its average volume of 7,528,813. WPX Energy has a 12-month low of $8.39 and a 12-month high of $16.17. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 0.73.
WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.02. WPX Energy had a negative net margin of 66.96% and a negative return on equity of 15.34%. The firm had revenue of $224.00 million during the quarter, compared to the consensus estimate of $334.38 million. During the same period in the previous year, the firm posted ($0.17) earnings per share. The business’s revenue was down 10.8% compared to the same quarter last year.
In other news, insider Clay M. Gaspar sold 35,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 506,326 shares of the company’s stock, valued at approximately $5,306,296.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in WPX Energy by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 33,553,898 shares of the oil and gas producer’s stock valued at $324,132,000 after buying an additional 412,663 shares during the period. BlackRock Inc. boosted its position in WPX Energy by 0.6% during the 2nd quarter. BlackRock Inc. now owns 32,391,197 shares of the oil and gas producer’s stock valued at $312,901,000 after buying an additional 188,749 shares during the period. State Street Corp boosted its position in WPX Energy by 9.5% during the 2nd quarter. State Street Corp now owns 14,691,763 shares of the oil and gas producer’s stock valued at $141,921,000 after buying an additional 1,272,719 shares during the period. FMR LLC boosted its position in WPX Energy by 22.1% during the 2nd quarter. FMR LLC now owns 12,390,649 shares of the oil and gas producer’s stock valued at $119,693,000 after buying an additional 2,244,508 shares during the period. Finally, Shapiro Capital Management LLC boosted its position in WPX Energy by 1.5% during the 2nd quarter. Shapiro Capital Management LLC now owns 12,297,864 shares of the oil and gas producer’s stock valued at $118,797,000 after buying an additional 177,625 shares during the period. 97.86% of the stock is owned by institutional investors and hedge funds.
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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