Equities analysts predict that WPX Energy, Inc. (NYSE:WPX) will announce $395.59 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for WPX Energy’s earnings, with estimates ranging from $369.80 million to $440.70 million. WPX Energy posted sales of $236.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 67.6%. The firm is expected to report its next quarterly earnings report on Wednesday, February 28th.
On average, analysts expect that WPX Energy will report full year sales of $395.59 million for the current financial year, with estimates ranging from $1.26 billion to $1.62 billion. For the next year, analysts expect that the business will report sales of $1.88 billion per share, with estimates ranging from $1.78 billion to $2.15 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow WPX Energy.
WPX Energy (NYSE:WPX) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. The company had revenue of $224.00 million for the quarter, compared to the consensus estimate of $334.38 million. During the same quarter last year, the business posted ($0.17) earnings per share. The firm’s revenue was down 10.8% compared to the same quarter last year.
A number of research firms have weighed in on WPX. Citigroup Inc. upgraded WPX Energy from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Thursday. Bank of America Corporation raised their price target on WPX Energy from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, November 14th. Barclays PLC upgraded WPX Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $10.00 to $14.00 in a research report on Tuesday, November 7th. BMO Capital Markets restated a “buy” rating and set a $16.00 price target on shares of WPX Energy in a research report on Monday, November 6th. Finally, SunTrust Banks, Inc. set a $14.00 price target on WPX Energy and gave the company a “buy” rating in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eighteen have given a buy rating to the company’s stock. WPX Energy has an average rating of “Buy” and a consensus price target of $15.88.
In related news, insider Clay M. Gaspar sold 35,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was 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 of the company’s stock, valued at $5,306,296.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GeoSphere Capital Management grew its stake in shares of WPX Energy by 25.0% in the third quarter. GeoSphere Capital Management now owns 200,000 shares of the oil and gas producer’s stock worth $2,300,000 after purchasing an additional 40,000 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of WPX Energy by 1.7% in the third quarter. Neuberger Berman Group LLC now owns 2,168,398 shares of the oil and gas producer’s stock worth $24,937,000 after purchasing an additional 35,629 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of WPX Energy by 1.3% in the third quarter. California Public Employees Retirement System now owns 922,300 shares of the oil and gas producer’s stock worth $10,606,000 after purchasing an additional 11,700 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of WPX Energy by 1,829.9% in the third quarter. Cubist Systematic Strategies LLC now owns 150,186 shares of the oil and gas producer’s stock worth $1,727,000 after purchasing an additional 142,404 shares during the last quarter. Finally, Gen IV Investment Opportunities LLC grew its stake in shares of WPX Energy by 52.2% in the third quarter. Gen IV Investment Opportunities LLC now owns 447,288 shares of the oil and gas producer’s stock worth $5,144,000 after purchasing an additional 153,500 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.
WPX Energy (WPX) traded up $0.47 during midday trading on Friday, reaching $12.35. The company’s stock had a trading volume of 6,695,680 shares, compared to its average volume of 7,360,281. WPX Energy has a twelve month low of $8.39 and a twelve month high of $16.17. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73.
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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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