Stifel Nicolaus Analysts Give WPX Energy, Inc. (WPX) a $17.00 Price Target
Several other research firms have also recently issued reports on WPX. BidaskClub cut WPX Energy from a sell rating to a strong sell rating in a report on Tuesday, June 20th. Scotiabank reiterated a buy rating and issued a $20.00 price target on shares of WPX Energy in a report on Tuesday, June 13th. Northland Securities set a $20.00 price target on WPX Energy and gave the company a buy rating in a report on Monday, August 21st. J P Morgan Chase & Co reiterated an overweight rating and issued a $17.00 price target (up previously from $16.00) on shares of WPX Energy in a report on Thursday, August 24th. Finally, 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $15.53.
Shares of WPX Energy (WPX) opened at 11.04 on Thursday. The company has a 50-day moving average of $10.53 and a 200 day moving average of $10.94. WPX Energy has a 12-month low of $8.40 and a 12-month high of $16.17. The firm’s market cap is $4.39 billion.
WPX Energy (NYSE:WPX) last announced its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.02. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. The company had revenue of $413.00 million during the quarter, compared to analyst estimates of $301.78 million. During the same period last year, the company posted ($0.28) earnings per share. The firm’s quarterly revenue was up 199.3% compared to the same quarter last year. Equities analysts predict that WPX Energy will post ($0.50) EPS for the current year.
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In other WPX Energy news, insider Clay M. Gaspar sold 35,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $10.48, for a total transaction of $366,800.00. Following the transaction, the insider now owns 506,326 shares in the company, valued at $5,306,296.48. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.40% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in WPX. Capital Advisors Inc. OK lifted its holdings in shares of WPX Energy by 2.0% during the 2nd quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock valued at $100,000 after purchasing an additional 200 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of WPX Energy during the 2nd quarter valued at about $113,000. Financial Counselors Inc. lifted its holdings in shares of WPX Energy by 9.0% during the 2nd quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock valued at $117,000 after purchasing an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of WPX Energy by 12.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock valued at $134,000 after purchasing an additional 1,540 shares in the last quarter. Finally, BlueMountain Capital Management LLC lifted its holdings in shares of WPX Energy by 39.3% during the 2nd quarter. BlueMountain Capital Management LLC now owns 14,532 shares of the oil and gas producer’s stock valued at $140,000 after purchasing an additional 4,097 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.
About WPX Energy
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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