WPX Energy (NYSE:WPX) had its target price hoisted by Robert W. Baird from $15.00 to $17.00 in a research report report published on Monday, December 18th, MarketBeat Ratings reports. Robert W. Baird currently has an outperform rating on the oil and gas producer’s stock.
Several other research firms also recently commented on WPX. Credit Suisse Group assumed coverage on shares of WPX Energy in a research note on Monday, December 11th. They issued an outperform rating and a $15.00 price target for the company. Northland Securities set a $17.00 price target on shares of WPX Energy and gave the stock a buy rating in a research note on Monday, December 11th. BMO Capital Markets reaffirmed a buy rating and set a $16.00 price objective on shares of WPX Energy in a research report on Monday, November 6th. Barclays raised shares of WPX Energy from an equal weight rating to an overweight rating and lifted their price objective for the stock from $10.00 to $14.00 in a research report on Tuesday, November 7th. Finally, Bank of America lifted their price objective on shares of WPX Energy from $16.00 to $17.00 and gave the stock a buy rating in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $15.82.
WPX Energy (WPX) traded up $0.55 during trading on Monday, reaching $14.95. 5,856,183 shares of the company traded hands, compared to its average volume of 5,193,311. WPX Energy has a 12-month low of $8.39 and a 12-month high of $15.11. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 0.95. The firm has a market cap of $5,950.00, a P/E ratio of -30.51, a PEG ratio of 10.00 and a beta of 2.46.
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, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The business had revenue of $224.00 million during the quarter, compared to the consensus estimate of $334.38 million. WPX Energy had a negative net margin of 12.65% and a negative return on equity of 5.20%. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. research analysts predict that WPX Energy will post -0.46 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in WPX. Capital Advisors Inc. OK increased its stake in WPX Energy by 2.0% in the second quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock valued at $100,000 after purchasing an additional 200 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in WPX Energy in the second quarter valued at $113,000. Financial Counselors Inc. increased its stake in WPX Energy by 9.0% in the second quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock valued at $117,000 after purchasing an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in WPX Energy by 12.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock valued at $134,000 after purchasing an additional 1,540 shares during the period. Finally, Commonwealth Equity Services Inc acquired a new position in WPX Energy in the third quarter valued at $137,000. 99.78% of the stock is owned by hedge funds and other institutional investors.
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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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