Equities research analysts expect that WPX Energy Inc (NYSE:WPX) will post $579.52 million in sales for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for WPX Energy’s earnings, with the lowest sales estimate coming in at $339.00 million and the highest estimate coming in at $655.00 million. WPX Energy reported sales of $695.00 million in the same quarter last year, which indicates a negative year-over-year growth rate of 16.6%. The business is scheduled to announce its next earnings report on Monday, August 3rd.
On average, analysts expect that WPX Energy will report full-year sales of $3.28 billion for the current financial year, with estimates ranging from $2.79 billion to $3.52 billion. For the next financial year, analysts anticipate that the company will post sales of $2.44 billion, with estimates ranging from $1.80 billion to $3.52 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover WPX Energy.
WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $625.59 million. WPX Energy had a negative net margin of 2.52% and a positive return on equity of 3.13%. The firm’s quarterly revenue was up 289.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 EPS.
Several brokerages recently commented on WPX. Barclays began coverage on shares of WPX Energy in a research report on Tuesday, March 24th. They issued a “buy” rating for the company. ValuEngine upgraded shares of WPX Energy from a “sell” rating to a “hold” rating in a research report on Thursday, April 30th. Credit Suisse Group reiterated an “outperform” rating and issued a $8.00 target price on shares of WPX Energy in a research report on Thursday, March 19th. Imperial Capital increased their target price on shares of WPX Energy from $8.00 to $9.00 and gave the stock an “outperform” rating in a research report on Friday, June 12th. Finally, Mizuho increased their target price on shares of WPX Energy from $6.00 to $9.00 in a research report on Friday, June 19th. Four investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. WPX Energy has an average rating of “Buy” and an average target price of $12.59.
A number of large investors have recently bought and sold shares of the stock. State Street Corp grew its stake in WPX Energy by 19.8% in the 1st quarter. State Street Corp now owns 18,133,398 shares of the oil and gas producer’s stock valued at $55,307,000 after buying an additional 2,997,074 shares during the last quarter. New Mexico Educational Retirement Board grew its stake in WPX Energy by 45.0% in the 1st quarter. New Mexico Educational Retirement Board now owns 99,200 shares of the oil and gas producer’s stock valued at $303,000 after buying an additional 30,800 shares during the last quarter. Guggenheim Capital LLC grew its stake in WPX Energy by 8.7% in the 1st quarter. Guggenheim Capital LLC now owns 126,837 shares of the oil and gas producer’s stock valued at $387,000 after buying an additional 10,168 shares during the last quarter. Public Employees Retirement Association of Colorado grew its stake in WPX Energy by 31.5% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 69,128 shares of the oil and gas producer’s stock valued at $211,000 after buying an additional 16,559 shares during the last quarter. Finally, FDx Advisors Inc. acquired a new position in WPX Energy in the 1st quarter valued at $79,000. Institutional investors and hedge funds own 98.00% of the company’s stock.
Shares of NYSE:WPX traded up $0.07 during mid-day trading on Friday, hitting $6.37. The stock had a trading volume of 236,601 shares, compared to its average volume of 10,711,934. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.64 and a current ratio of 1.68. The company has a market cap of $3.43 billion, a PE ratio of -48.46, a P/E/G ratio of 1.42 and a beta of 3.59. WPX Energy has a 12-month low of $1.94 and a 12-month high of $14.43. The company’s 50 day moving average is $6.31 and its 200-day moving average is $8.21.
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 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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