Citigroup Inc. upgraded shares of WPX Energy, Inc. (NYSE:WPX) from a neutral rating to a buy rating in a report issued on Thursday, MarketBeat Ratings reports. Citigroup Inc. currently has $17.00 price objective on the oil and gas producer’s stock.
A number of other equities analysts have also commented on WPX. Barclays PLC set a $10.00 price target on shares of WPX Energy and gave the stock a hold rating in a research report on Friday, August 4th. ValuEngine lowered shares of WPX Energy from a hold rating to a sell rating in a research report on Monday, August 14th. Stifel Nicolaus set a $18.00 price target on shares of WPX Energy and gave the stock a buy rating in a research report on Wednesday, August 16th. BidaskClub downgraded shares of WPX Energy from a hold rating to a sell rating in a research note on Thursday, August 17th. Finally, Northland Securities set a $20.00 price objective on shares of WPX Energy and gave the stock a buy rating in a research note on Monday, August 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eighteen have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $15.88.
WPX Energy (WPX) traded up $0.47 during trading hours on Thursday, reaching $12.35. 6,695,680 shares of the company were exchanged, compared to its average volume of 7,360,281. WPX Energy has a 1-year low of $8.39 and a 1-year high of $16.17. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.02.
WPX Energy (NYSE:WPX) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. WPX Energy had a negative net margin of 12.65% and a negative return on equity of 5.20%. The business had revenue of $224.00 million for the quarter, compared to analyst estimates of $334.38 million. During the same period last year, the firm earned ($0.17) earnings per share. WPX Energy’s revenue for the quarter was down 10.8% compared to the same quarter last year. equities research analysts anticipate that WPX Energy will post -0.47 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This article was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://www.dispatchtribunal.com/2017/11/19/wpx-energy-inc-wpx-lifted-to-buy-at-citigroup-inc.html.
In other news, insider Clay M. Gaspar sold 35,000 shares of the firm’s 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 directly owns 506,326 shares in the company, valued at approximately $5,306,296.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in WPX Energy by 54.8% during the 1st quarter. AQR Capital Management LLC now owns 258,051 shares of the oil and gas producer’s stock worth $3,456,000 after buying an additional 91,391 shares during the period. Capstone Asset Management Co. boosted its position in WPX Energy by 4.7% during the 2nd quarter. Capstone Asset Management Co. now owns 31,000 shares of the oil and gas producer’s stock worth $299,000 after buying an additional 1,400 shares during the period. Eqis Capital Management Inc. boosted its position in WPX Energy by 3.6% during the 2nd quarter. Eqis Capital Management Inc. now owns 46,512 shares of the oil and gas producer’s stock worth $449,000 after buying an additional 1,595 shares during the period. Oregon Public Employees Retirement Fund boosted its position in WPX Energy by 7.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 147,227 shares of the oil and gas producer’s stock worth $1,422,000 after buying an additional 10,806 shares during the period. Finally, LS Investment Advisors LLC boosted its position in WPX Energy by 20.6% during the 2nd quarter. LS Investment Advisors LLC now owns 31,404 shares of the oil and gas producer’s stock worth $303,000 after buying an additional 5,357 shares during the period. Institutional investors own 98.76% of the company’s stock.
WPX Energy Company Profile
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.
Receive News & Ratings for WPX Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.