Northland Securities Reiterates “$17.00” Price Target for WPX Energy (WPX)
Northland Securities set a $17.00 target price on WPX Energy (NYSE:WPX) in a research note issued to investors on Monday morning. The brokerage currently has a buy rating on the oil and gas producer’s stock.
Other research analysts have also recently issued reports about the stock. BMO Capital Markets reissued a buy rating and set a $16.00 price target on shares of WPX Energy in a research report on Monday, November 6th. Barclays raised shares of WPX Energy from an equal weight rating to an overweight rating and lifted their price target for the company from $10.00 to $14.00 in a research report on Tuesday, November 7th. Bank of America lifted their price target on shares of WPX Energy from $16.00 to $17.00 and gave the company a buy rating in a research report on Tuesday, November 14th. Piper Jaffray Companies reissued a hold rating and set a $14.00 price target on shares of WPX Energy in a research report on Wednesday, November 22nd. Finally, Citigroup raised shares of WPX Energy from a neutral rating to a buy rating and set a $17.00 price target for the company in a research report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $15.61.
Shares of WPX Energy (WPX) opened at $12.41 on Monday. WPX Energy has a 12-month low of $8.39 and a 12-month high of $15.44. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.02.
WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. WPX Energy had a negative net margin of 12.65% and a negative return on equity of 5.20%. The firm had revenue of $224.00 million during the quarter, compared to analysts’ expectations of $334.38 million. During the same period last year, the company posted ($0.17) EPS. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. equities research analysts expect that WPX Energy will post -0.46 EPS for the current fiscal year.
In other WPX Energy news, insider Clay M. Gaspar sold 35,000 shares of WPX Energy stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $10.48, for a total value of $366,800.00. Following the completion of the transaction, the insider now directly owns 506,326 shares of the company’s stock, valued at $5,306,296.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. Capital Advisors Inc. OK raised its holdings in WPX Energy by 2.0% in the second 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 during the last quarter. Ontario Teachers Pension Plan Board purchased a new position in WPX Energy in the second quarter worth about $113,000. Commonwealth Equity Services Inc purchased a new position in WPX Energy in the third quarter worth about $137,000. Financial Counselors Inc. raised its holdings in WPX Energy by 9.0% in the second 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 during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in WPX Energy by 12.5% in the second 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 during the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.
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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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