WPX Energy (NYSE:WPX) posted its quarterly earnings results on Tuesday. The oil and gas producer reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.06, Bloomberg Earnings reports. The company had revenue of $238.00 million during the quarter, compared to analysts’ expectations of $410.78 million. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. The firm’s revenue was up 170.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.16) EPS.
Shares of WPX Energy (NYSE:WPX) traded down $0.40 during trading hours on Wednesday, hitting $13.54. The stock had a trading volume of 7,530,000 shares, compared to its average volume of 6,530,000. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. WPX Energy has a 1-year low of $8.39 and a 1-year high of $16.09. The stock has a market cap of $5,390.00, a PE ratio of -27.63, a P/E/G ratio of 12.59 and a beta of 2.48.
Several research firms have commented on WPX. Seaport Global Securities upgraded WPX Energy from a “sell” rating to a “neutral” rating in a report on Tuesday, December 19th. Robert W. Baird lifted their price target on WPX Energy from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. SunTrust Banks set a $20.00 price target on WPX Energy and gave the company a “buy” rating in a report on Friday, January 19th. Zacks Investment Research upgraded WPX Energy from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Sunday, January 21st. Finally, Cowen set a $18.00 price target on WPX Energy and gave the company a “buy” rating in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.45.
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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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