Investors Buy Shares of WPX Energy (WPX) on Weakness

Investors purchased shares of WPX Energy Inc (NYSE:WPX) on weakness during trading on Monday. $25.06 million flowed into the stock on the tick-up and $7.01 million flowed out of the stock on the tick-down, for a money net flow of $18.05 million into the stock. Of all stocks tracked, WPX Energy had the 31st highest net in-flow for the day. WPX Energy traded down ($0.12) for the day and closed at $13.95

A number of analysts recently weighed in on the stock. Robert W. Baird increased their price target on shares of WPX Energy from $17.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Northland Securities reiterated a “buy” rating and issued a $18.00 price target on shares of WPX Energy in a research report on Tuesday, February 6th. B. Riley assumed coverage on shares of WPX Energy in a research report on Monday, February 5th. They issued a “buy” rating and a $20.00 price target on the stock. Stifel Nicolaus set a $27.00 price target on shares of WPX Energy and gave the company a “buy” rating in a research report on Monday, February 5th. Finally, Zacks Investment Research downgraded shares of WPX Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. WPX Energy presently has a consensus rating of “Buy” and a consensus target price of $17.45.

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 company has a market cap of $5,550.00, a price-to-earnings ratio of -28.45, a P/E/G ratio of 12.59 and a beta of 2.48.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in WPX Energy by 0.3% during the 4th quarter. BlackRock Inc. now owns 32,621,120 shares of the oil and gas producer’s stock worth $458,977,000 after buying an additional 82,744 shares during the period. Millennium Management LLC raised its holdings in WPX Energy by 83.1% during the 4th quarter. Millennium Management LLC now owns 14,867,732 shares of the oil and gas producer’s stock worth $209,189,000 after buying an additional 6,748,268 shares during the period. Jennison Associates LLC raised its holdings in WPX Energy by 0.3% during the 4th quarter. Jennison Associates LLC now owns 11,776,183 shares of the oil and gas producer’s stock worth $165,691,000 after buying an additional 39,987 shares during the period. Ameriprise Financial Inc. raised its holdings in WPX Energy by 57.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,773,877 shares of the oil and gas producer’s stock worth $100,865,000 after buying an additional 3,200,766 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in WPX Energy by 0.6% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 7,088,423 shares of the oil and gas producer’s stock worth $81,517,000 after buying an additional 40,818 shares during the period. Hedge funds and other institutional investors own 99.82% of the company’s stock.

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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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