Shares of WPX Energy Inc (NYSE:WPX) have received a consensus rating of “Buy” from the twenty-one analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $16.25.
WPX has been the subject of several research reports. Bank of America increased their target price on WPX Energy from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, November 14th. Citigroup increased their target price on WPX Energy from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. Barclays upgraded WPX Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $10.00 to $14.00 in a research report on Tuesday, November 7th. SunTrust Banks set a $14.00 target price on WPX Energy and gave the company a “buy” rating in a research report on Wednesday, November 1st. Finally, BMO Capital Markets reissued a “buy” rating and issued a $16.00 price target on shares of WPX Energy in a research note on Monday, November 6th.
Hedge funds have recently modified their holdings of the company. Ontario Teachers Pension Plan Board acquired a new stake in WPX Energy during the second quarter worth approximately $113,000. Financial Counselors Inc. grew its stake in WPX Energy by 9.0% during the second quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after purchasing an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in WPX Energy by 12.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock worth $134,000 after purchasing an additional 1,540 shares during the period. Commonwealth Equity Services Inc acquired a new stake in WPX Energy during the third quarter worth approximately $137,000. Finally, BlueMountain Capital Management LLC grew its stake in WPX Energy by 39.3% during the second quarter. BlueMountain Capital Management LLC now owns 14,532 shares of the oil and gas producer’s stock worth $140,000 after purchasing an additional 4,097 shares during the period. 99.78% of the stock is owned by institutional investors.
WPX Energy (WPX) traded down $0.14 during trading on Monday, reaching $14.59. The company’s stock had a trading volume of 5,344,829 shares, compared to its average volume of 5,307,816. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $5,920.00, a P/E ratio of -29.78, a PEG ratio of 10.37 and a beta of 2.46. WPX Energy has a 1 year low of $8.39 and a 1 year high of $15.17.
WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. The firm had revenue of $224.00 million during the quarter, compared to the consensus estimate of $334.38 million. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. The business’s quarterly revenue was down 10.8% on a year-over-year basis. During the same period last year, the company earned ($0.17) earnings per share. equities research analysts forecast that WPX Energy will post -0.46 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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