WPX Energy (NYSE:WPX) Shares Down 10.3%

Shares of WPX Energy Inc (NYSE:WPX) fell 10.3% during trading on Thursday . The company traded as low as $9.05 and last traded at $9.36, 17,218,538 shares traded hands during trading. An increase of 129% from the average session volume of 7,510,030 shares. The stock had previously closed at $10.44.

A number of brokerages have commented on WPX. MKM Partners began coverage on shares of WPX Energy in a research note on Thursday, June 13th. They set a “buy” rating and a $15.00 target price on the stock. TheStreet downgraded shares of WPX Energy from a “b-” rating to a “c” rating in a research note on Thursday, May 2nd. ValuEngine downgraded shares of WPX Energy from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Piper Jaffray Companies set a $16.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Saturday, May 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-two have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $19.81.

The business has a 50 day moving average of $10.72. The firm has a market capitalization of $4.41 billion, a PE ratio of 104.89, a PEG ratio of 1.08 and a beta of 2.26. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.58.

WPX Energy (NYSE:WPX) last announced its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. WPX Energy had a net margin of 9.50% and a return on equity of 2.15%. The firm had revenue of $359.00 million for the quarter, compared to the consensus estimate of $547.79 million. During the same period in the prior year, the firm earned ($0.06) EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, analysts predict that WPX Energy Inc will post 0.35 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Qube Research & Technologies Ltd acquired a new position in shares of WPX Energy in the 2nd quarter valued at $194,000. Spectrum Management Group Inc. acquired a new position in shares of WPX Energy in the 2nd quarter valued at $115,000. Parkside Investments LLC boosted its holdings in shares of WPX Energy by 93.0% in the 2nd quarter. Parkside Investments LLC now owns 52,100 shares of the oil and gas producer’s stock valued at $600,000 after buying an additional 25,100 shares in the last quarter. Swiss National Bank boosted its holdings in shares of WPX Energy by 2.1% in the 2nd quarter. Swiss National Bank now owns 782,300 shares of the oil and gas producer’s stock valued at $9,004,000 after buying an additional 16,300 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of WPX Energy by 6.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 224,493 shares of the oil and gas producer’s stock valued at $2,584,000 after buying an additional 12,933 shares in the last quarter. 98.23% of the stock is currently owned by hedge funds and other institutional investors.

WPX Energy Company Profile (NYSE:WPX)

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 operates 657 wells and owns interests in 808 wells covering an area of approximately 130,000 net acres located in Delaware Basin, Texas and New Mexico; and operates 323 wells and owns interests in 87 wells that covers an area of approximately 85,087 net acres situated in the Williston Basin, North Dakota.

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