Equities analysts expect WPX Energy, Inc. (NYSE:WPX) to announce earnings per share (EPS) of ($0.07) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for WPX Energy’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at ($0.17). WPX Energy posted earnings per share of ($0.16) in the same quarter last year, which suggests a positive year over year growth rate of 56.3%. The firm is expected to issue its next earnings report on Wednesday, February 28th.
According to Zacks, analysts expect that WPX Energy will report full-year earnings of ($0.46) per share for the current fiscal year, with EPS estimates ranging from ($0.57) to ($0.21). For the next year, analysts expect that the business will report earnings of $0.05 per share, with EPS estimates ranging from ($0.39) to $1.32. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for WPX Energy.
WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $224.00 million during the quarter, compared to analyst estimates of $334.38 million. During the same period in the prior year, the business posted ($0.17) EPS. The firm’s revenue was down 10.8% compared to the same quarter last year.
WPX has been the subject of a number of recent analyst reports. Bank of America upped their price target on shares of WPX Energy from $16.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. Citigroup upped their price target on shares of WPX Energy from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, October 13th. BidaskClub lowered shares of WPX Energy from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Barclays upgraded shares of WPX Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $10.00 to $14.00 in a report on Tuesday, November 7th. Finally, SunTrust Banks set a $14.00 price target on shares of WPX Energy and gave the company a “buy” rating in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have issued a buy rating to the company. WPX Energy has an average rating of “Buy” and an average target price of $15.92.
WPX Energy (NYSE WPX) traded up $0.27 during trading hours on Friday, reaching $12.91. 5,182,512 shares of the company were exchanged, compared to its average volume of 5,279,549. WPX Energy has a 52 week low of $8.39 and a 52 week high of $15.91. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 0.95.
In other WPX Energy 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 transaction, the insider now directly owns 506,326 shares in the company, valued at approximately $5,306,296.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in WPX. Capital Advisors Inc. OK grew its position in shares of WPX Energy by 2.0% in the 2nd quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 200 shares during the period. Ontario Teachers Pension Plan Board purchased a new stake in shares of WPX Energy in the 2nd quarter worth about $113,000. Financial Counselors Inc. grew its position in shares of WPX Energy by 9.0% in the 2nd quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after buying an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of WPX Energy by 12.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock worth $134,000 after buying an additional 1,540 shares during the period. Finally, Commonwealth Equity Services Inc purchased a new stake in shares of WPX Energy in the 3rd quarter worth about $137,000. 99.81% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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