WPX Energy Inc (NYSE:WPX) – Investment analysts at Jefferies Financial Group raised their Q2 2019 earnings per share estimates for shares of WPX Energy in a research report issued to clients and investors on Wednesday, February 13th. Jefferies Financial Group analyst T. Hughes now anticipates that the oil and gas producer will post earnings per share of $0.05 for the quarter, up from their previous forecast of $0.04. Jefferies Financial Group currently has a “Buy” rating and a $23.00 target price on the stock. Jefferies Financial Group also issued estimates for WPX Energy’s Q3 2019 earnings at $0.07 EPS, Q4 2019 earnings at $0.06 EPS, FY2019 earnings at $0.23 EPS, Q1 2020 earnings at $0.06 EPS, Q2 2020 earnings at $0.09 EPS, Q3 2020 earnings at $0.10 EPS, Q4 2020 earnings at $0.14 EPS and FY2020 earnings at $0.39 EPS.

A number of other brokerages have also commented on WPX. Cowen initiated coverage on WPX Energy in a report on Thursday, November 29th. They set an “outperform” rating and a $19.00 price objective on the stock. Barclays initiated coverage on WPX Energy in a report on Wednesday, January 16th. They set an “overweight” rating and a $20.00 price objective on the stock. Seaport Global Securities reissued a “buy” rating and set a $20.00 price objective on shares of WPX Energy in a report on Wednesday, December 12th. BMO Capital Markets set a $20.00 price objective on WPX Energy and gave the company a “buy” rating in a report on Monday, November 5th. Finally, Mizuho initiated coverage on WPX Energy in a report on Tuesday, January 29th. They set a “neutral” rating and a $14.00 price objective on the stock. Four analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $21.47.

Shares of NYSE WPX opened at $13.41 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 0.57. The stock has a market cap of $5.58 billion, a PE ratio of -31.93, a P/E/G ratio of 0.93 and a beta of 2.23. WPX Energy has a 52 week low of $9.89 and a 52 week high of $20.80.

A number of large investors have recently made changes to their positions in the stock. Hartford Financial Management Inc. boosted its stake in WPX Energy by 13.3% during the 4th quarter. Hartford Financial Management Inc. now owns 6,800 shares of the oil and gas producer’s stock valued at $77,000 after purchasing an additional 800 shares during the period. AGF Investments America Inc. lifted its position in shares of WPX Energy by 2.5% in the 4th quarter. AGF Investments America Inc. now owns 53,309 shares of the oil and gas producer’s stock worth $605,000 after acquiring an additional 1,289 shares during the period. Strs Ohio lifted its position in shares of WPX Energy by 9.2% in the 4th quarter. Strs Ohio now owns 17,786 shares of the oil and gas producer’s stock worth $201,000 after acquiring an additional 1,500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of WPX Energy by 5.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,346 shares of the oil and gas producer’s stock worth $310,000 after acquiring an additional 1,500 shares during the period. Finally, Highwater Wealth Management LLC bought a new stake in shares of WPX Energy in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 94.75% of the company’s stock.

WPX Energy Company Profile

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

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