Shares of WPX Energy (NYSE:WPX) shot up 1.3% on Thursday . The company traded as high as $14.95 and last traded at $14.66. 1,853,827 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 6,323,299 shares. The stock had previously closed at $14.85.
A number of research firms recently weighed in on WPX. Johnson Rice began coverage on shares of WPX Energy in a research note on Wednesday. They issued a “buy” rating and a $23.00 target price on the stock. Citigroup set a $20.00 price target on shares of WPX Energy and gave the company a “buy” rating in a research report on Friday, March 9th. Bank of America boosted their price target on shares of WPX Energy from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, March 8th. TheStreet upgraded shares of WPX Energy from a “d+” rating to a “c-” rating in a research report on Thursday, March 1st. Finally, Robert W. Baird boosted 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. WPX Energy has a consensus rating of “Buy” and an average target price of $18.40.
The company has a market capitalization of $5,913.33, a PE ratio of -180.73 and a beta of 2.41. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.71.
WPX Energy (NYSE:WPX) last announced its earnings results on Wednesday, February 21st. The oil and gas producer reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.06. WPX Energy had a negative net margin of 1.20% and a negative return on equity of 3.83%. The company had revenue of $238.00 million for the quarter, compared to analyst estimates of $410.78 million. During the same period in the prior year, the business earned ($0.16) earnings per share. WPX Energy’s quarterly revenue was up 170.5% on a year-over-year basis. analysts expect that WPX Energy will post 0.03 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in WPX. Millennium Management LLC lifted its position in shares of WPX Energy by 83.1% during the fourth quarter. Millennium Management LLC now owns 14,867,732 shares of the oil and gas producer’s stock worth $209,189,000 after purchasing an additional 6,748,268 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of WPX Energy by 57.4% during the third quarter. Ameriprise Financial Inc. now owns 8,773,877 shares of the oil and gas producer’s stock worth $100,865,000 after purchasing an additional 3,200,766 shares in the last quarter. Dalton Greiner Hartman Maher & Co. lifted its position in shares of WPX Energy by 93.6% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 2,606,321 shares of the oil and gas producer’s stock worth $36,671,000 after purchasing an additional 1,259,799 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of WPX Energy during the fourth quarter worth approximately $13,974,000. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of WPX Energy by 440.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 883,291 shares of the oil and gas producer’s stock worth $10,158,000 after purchasing an additional 719,924 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.
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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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