WPX Energy Inc (NYSE:WPX) – Analysts at Capital One Financial lifted their Q3 2020 EPS estimates for WPX Energy in a research report issued on Wednesday, June 24th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings of $0.11 per share for the quarter, up from their prior estimate of $0.09. Capital One Financial also issued estimates for WPX Energy’s FY2020 earnings at $0.28 EPS.

WPX Energy (NYSE:WPX) last announced its earnings results on Wednesday, May 6th. The oil and gas producer reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. WPX Energy had a positive return on equity of 3.13% and a negative net margin of 2.52%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $625.59 million. During the same period in the previous year, the business earned $0.05 EPS. The firm’s revenue for the quarter was up 289.4% on a year-over-year basis.

Several other research firms also recently weighed in on WPX. Stifel Nicolaus boosted their price target on WPX Energy from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Barclays assumed coverage on WPX Energy in a research note on Tuesday, March 24th. They set a “buy” rating on the stock. Credit Suisse Group reiterated an “outperform” rating and set a $8.00 price target on shares of WPX Energy in a research note on Thursday, March 19th. KeyCorp boosted their price target on WPX Energy from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, March 26th. Finally, Piper Sandler downgraded WPX Energy from an “overweight” rating to a “neutral” rating in a research note on Monday, March 9th. Four investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $12.59.

Shares of WPX stock opened at $6.30 on Monday. WPX Energy has a 1-year low of $1.94 and a 1-year high of $14.43. The stock’s fifty day moving average price is $6.31 and its 200 day moving average price is $8.21. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.68 and a quick ratio of 1.64. The company has a market cap of $3.43 billion, a price-to-earnings ratio of -48.46, a price-to-earnings-growth ratio of 1.42 and a beta of 3.59.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its holdings in WPX Energy by 241.3% in the 1st quarter. Signaturefd LLC now owns 8,130 shares of the oil and gas producer’s stock worth $25,000 after purchasing an additional 5,748 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in WPX Energy in the 1st quarter worth about $25,000. People s United Financial Inc. acquired a new position in WPX Energy in the 1st quarter worth about $33,000. National Asset Management Inc. acquired a new position in WPX Energy in the 1st quarter worth about $37,000. Finally, Pictet Asset Management Ltd. acquired a new position in WPX Energy in the 1st quarter worth about $37,000. 98.00% of the stock is owned by institutional investors.

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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Earnings History and Estimates for WPX Energy (NYSE:WPX)

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