Analysts Set WPX Energy, Inc. (WPX) PT at $15.53
Shares of WPX Energy, Inc. (NYSE:WPX) have been given a consensus rating of “Buy” by the twenty-two brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $15.48.
A number of equities analysts have weighed in on WPX shares. BMO Capital Markets set a $13.00 price target on shares of WPX Energy and gave the company a “buy” rating in a report on Monday, August 28th. BidaskClub upgraded shares of WPX Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Scotiabank reiterated a “buy” rating and issued a $19.00 price target on shares of WPX Energy in a report on Friday, June 30th. Barclays PLC reiterated a “hold” rating and issued a $8.00 price target on shares of WPX Energy in a report on Friday, July 7th. Finally, Cowen and Company upgraded shares of WPX Energy from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $15.00 to $14.00 in a report on Thursday, June 22nd.
WPX Energy (NYSE WPX) traded down 1.53% on Friday, reaching $10.93. The company had a trading volume of 5,202,094 shares. The stock’s market capitalization is $4.35 billion. WPX Energy has a 52-week low of $8.39 and a 52-week high of $16.17. The stock has a 50 day moving average price of $10.67 and a 200 day moving average price of $10.91.
WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. The firm had revenue of $413.00 million during the quarter, compared to analysts’ expectations of $301.78 million. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. WPX Energy’s revenue for the quarter was up 199.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.28) EPS. Analysts expect that WPX Energy will post ($0.50) EPS for the current year.
In other WPX Energy news, insider Clay M. Gaspar sold 35,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $10.48, for a total value of $366,800.00. Following the transaction, the insider now owns 506,326 shares in the company, valued at approximately $5,306,296.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Capital Advisors Inc. OK lifted its holdings in WPX Energy by 2.0% in the 2nd quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 200 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new position in WPX Energy in the 2nd quarter worth $113,000. Financial Counselors Inc. lifted its holdings in WPX Energy by 9.0% in the 2nd quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after buying an additional 1,000 shares in the last quarter. Cadence Capital Management LLC lifted its holdings in WPX Energy by 14.3% in the 1st quarter. Cadence Capital Management LLC now owns 12,365 shares of the oil and gas producer’s stock worth $166,000 after buying an additional 1,544 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in WPX Energy by 12.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock worth $134,000 after buying an additional 1,540 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.
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WPX Energy Company Profile
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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