Investors Buy High Volume of Call Options on WPX Energy (WPX)

WPX Energy, Inc. (NYSE:WPX) saw unusually large options trading activity on Tuesday. Investors acquired 7,194 call options on the company. This is an increase of Infinity compared to the average volume of 0 call options.

In other news, insider Clay M. Gaspar sold 35,000 shares of WPX Energy stock in a transaction on Friday, September 15th. The shares were sold at an average price of $10.48, for a total transaction of $366,800.00. Following the transaction, the insider now directly owns 506,326 shares of the company’s stock, valued at $5,306,296.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Key Group Holdings Cayman LTD. increased its stake in shares of WPX Energy by 513.9% during the 2nd quarter. Key Group Holdings Cayman LTD. now owns 4,451,556 shares of the oil and gas producer’s stock worth $43,002,000 after purchasing an additional 3,726,451 shares during the last quarter. Balyasny Asset Management LLC increased its stake in shares of WPX Energy by 5,688.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 3,728,177 shares of the oil and gas producer’s stock worth $36,014,000 after purchasing an additional 3,663,768 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of WPX Energy by 57.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,773,877 shares of the oil and gas producer’s stock worth $100,865,000 after purchasing an additional 3,200,766 shares during the last quarter. Jennison Associates LLC increased its stake in shares of WPX Energy by 31.2% during the 2nd quarter. Jennison Associates LLC now owns 10,995,002 shares of the oil and gas producer’s stock worth $106,212,000 after purchasing an additional 2,611,802 shares during the last quarter. Finally, FMR LLC increased its stake in shares of 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 worth $119,693,000 after purchasing an additional 2,244,508 shares during the last quarter. Hedge funds and other institutional investors own 97.86% of the company’s stock.

A number of brokerages have recently weighed in on WPX. BMO Capital Markets reissued a “buy” rating and set a $16.00 price target on shares of WPX Energy in a research report on Monday, November 6th. Barclays PLC raised shares of WPX Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $10.00 to $14.00 in a research report on Tuesday, November 7th. Stifel Nicolaus set a $17.00 price target on shares of WPX Energy and gave the stock a “buy” rating in a research report on Thursday, October 5th. SunTrust Banks, Inc. set a $14.00 price target on shares of WPX Energy and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $15.61.

Shares of WPX Energy (NYSE:WPX) opened at $12.64 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 0.95. WPX Energy has a 52 week low of $8.39 and a 52 week high of $16.17.

WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $334.38 million. During the same period in the previous year, the business earned ($0.17) EPS. The company’s revenue was down 10.8% compared to the same quarter last year. analysts forecast that WPX Energy will post -0.48 EPS for the current year.

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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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