WPX Energy (NYSE:WPX) released its quarterly earnings data on Wednesday. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02), Briefing.com reports. The company had revenue of $484.00 million for the quarter, compared to the consensus estimate of $514.08 million. WPX Energy had a negative return on equity of 0.97% and a negative net margin of 30.02%. WPX Energy’s revenue for the quarter was up 233.8% compared to the same quarter last year. During the same period last year, the company earned ($0.10) EPS.
NYSE WPX traded up $0.18 during trading hours on Thursday, hitting $16.22. The company’s stock had a trading volume of 15,560,104 shares, compared to its average volume of 6,727,718. WPX Energy has a 52 week low of $11.58 and a 52 week high of $20.80. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of -38.62 and a beta of 2.33. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.55 and a current ratio of 0.58.
WPX has been the topic of a number of research analyst reports. TD Securities initiated coverage on shares of WPX Energy in a research report on Thursday, July 5th. They set a “buy” rating and a $25.00 price objective on the stock. Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Thursday, July 26th. Robert W. Baird reissued a “buy” rating and set a $25.00 price objective on shares of WPX Energy in a research report on Wednesday, August 1st. Bank of America increased their price objective on shares of WPX Energy from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Finally, Goldman Sachs Group cut shares of WPX Energy from a “buy” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a research report on Friday, August 3rd. Three 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 stock currently has a consensus rating of “Buy” and an average price target of $22.96.
About WPX Energy
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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