WPX Energy (NYSE:WPX) – Equities research analysts at Capital One Financial lifted their Q2 2018 earnings estimates for WPX Energy in a research note issued on Thursday, April 12th. Capital One Financial analyst B. Velie now expects that the oil and gas producer will earn $0.05 per share for the quarter, up from their previous estimate of $0.04. Capital One Financial also issued estimates for WPX Energy’s FY2018 earnings at $0.17 EPS.
WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, February 21st. The oil and gas producer reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.06. The firm had revenue of $238.00 million for the quarter, compared to analysts’ expectations of $410.78 million. WPX Energy had a negative net margin of 1.20% and a negative return on equity of 3.83%. WPX Energy’s quarterly revenue was up 170.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.16) EPS.
WPX has been the topic of several other research reports. Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Sunday, January 21st. Seaport Global Securities raised shares of WPX Energy from a “sell” rating to a “neutral” rating in a research note on Tuesday, December 19th. Cowen set a $18.00 target price on shares of WPX Energy and gave the company a “buy” rating in a research note on Thursday, January 18th. ValuEngine raised shares of WPX Energy from a “sell” rating to a “hold” rating in a research note on Friday. Finally, SunTrust Banks set a $20.00 target price on shares of WPX Energy and gave the company a “buy” rating in a research note on Friday, January 19th. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $18.43.
WPX Energy stock opened at $15.48 on Monday. The stock has a market cap of $6,068.63, a price-to-earnings ratio of -36.86 and a beta of 2.28. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.71 and a current ratio of 0.76. WPX Energy has a 52 week low of $8.39 and a 52 week high of $16.09.
Several institutional investors have recently added to or reduced their stakes in WPX. Millennium Management LLC increased its position in shares of WPX Energy by 83.1% in 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 acquiring an additional 6,748,268 shares in the last quarter. Dalton Greiner Hartman Maher & Co. increased its position in shares of WPX Energy by 93.6% in 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 acquiring an additional 1,259,799 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new position in shares of WPX Energy in the fourth quarter worth approximately $13,974,000. Mackenzie Financial Corp increased its position in shares of WPX Energy by 64.6% in the fourth quarter. Mackenzie Financial Corp now owns 1,831,557 shares of the oil and gas producer’s stock worth $25,770,000 after acquiring an additional 719,057 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of WPX Energy by 395.9% in the fourth quarter. First Trust Advisors LP now owns 720,633 shares of the oil and gas producer’s stock worth $10,139,000 after acquiring an additional 575,327 shares in the last quarter. 99.74% of the stock is currently owned by institutional investors and hedge funds.
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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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