WPX Energy Inc (NYSE:WPX) – Equities researchers at B. Riley lifted their Q1 2020 earnings estimates for WPX Energy in a research note issued to investors on Thursday, October 18th. B. Riley analyst R. Rashid now anticipates that the oil and gas producer will earn $0.33 per share for the quarter, up from their previous forecast of $0.32. B. Riley also issued estimates for WPX Energy’s Q2 2020 earnings at $0.35 EPS, Q3 2020 earnings at $0.39 EPS and FY2020 earnings at $1.51 EPS.
Several other research analysts also recently commented on WPX. US Capital Advisors started coverage on shares of WPX Energy in a research note on Monday, July 2nd. They issued a “buy” rating on the stock. TD Securities started coverage on shares of WPX Energy in a research note on Thursday, July 5th. They issued a “buy” rating and a $25.00 target price on the stock. Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Thursday, July 26th. Robert W. Baird reaffirmed a “buy” rating and issued a $25.00 target price on shares of WPX Energy in a research note on Wednesday, August 1st. Finally, Bank of America lifted their target price on shares of WPX Energy from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Two equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $22.88.
WPX stock opened at $18.25 on Friday. The company has a market cap of $7.79 billion, a price-to-earnings ratio of -43.45 and a beta of 2.33. WPX Energy has a one year low of $9.90 and a one year high of $20.80. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 0.58.
WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $430.00 million for the quarter, compared to the consensus estimate of $432.92 million. WPX Energy had a negative net margin of 30.02% and a negative return on equity of 0.97%. The business’s revenue was up 22.9% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share.
A number of large investors have recently added to or reduced their stakes in WPX. Point72 Asset Management L.P. boosted its holdings in shares of WPX Energy by 267.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 4,070,164 shares of the oil and gas producer’s stock valued at $73,385,000 after buying an additional 2,963,264 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of WPX Energy by 2,746.3% during the 2nd quarter. Van ECK Associates Corp now owns 2,689,435 shares of the oil and gas producer’s stock valued at $48,491,000 after buying an additional 2,594,946 shares in the last quarter. Scout Investments Inc. bought a new stake in shares of WPX Energy during the 2nd quarter valued at $35,397,000. Selz Capital LLC bought a new stake in shares of WPX Energy during the 3rd quarter valued at $28,079,000. Finally, Carillon Tower Advisers Inc. bought a new stake in shares of WPX Energy during the 2nd quarter valued at $22,708,000. Institutional investors and hedge funds own 93.71% of the company’s stock.
WPX Energy Company Profile
WPX Energy, Inc, an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.
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