WPX Energy Inc (NYSE:WPX) was the recipient of unusually large options trading activity on Thursday. Traders purchased 9,820 put options on the stock. This represents an increase of approximately 2,561% compared to the average volume of 369 put options.

A number of hedge funds have recently modified their holdings of WPX. AQR Capital Management LLC increased its stake in WPX Energy by 39,967.6% in the 1st quarter. AQR Capital Management LLC now owns 9,063,292 shares of the oil and gas producer’s stock valued at $27,643,000 after buying an additional 9,040,672 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in WPX Energy by 27.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 15,020,790 shares of the oil and gas producer’s stock valued at $45,813,000 after buying an additional 3,245,058 shares during the last quarter. Norges Bank acquired a new position in shares of WPX Energy during the 4th quarter worth about $44,467,000. State Street Corp increased its stake in shares of WPX Energy by 19.8% during the 1st quarter. State Street Corp now owns 18,133,398 shares of the oil and gas producer’s stock worth $55,307,000 after purchasing an additional 2,997,074 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of WPX Energy by 30.6% during the 4th quarter. Nuveen Asset Management LLC now owns 8,832,308 shares of the oil and gas producer’s stock worth $121,356,000 after purchasing an additional 2,071,803 shares during the last quarter. Hedge funds and other institutional investors own 98.00% of the company’s stock.

A number of equities research analysts have recently commented on WPX shares. Credit Suisse Group reiterated an “outperform” rating and set a $8.00 price objective on shares of WPX Energy in a research report on Thursday, March 19th. Imperial Capital boosted their price target on shares of WPX Energy from $8.00 to $9.00 and gave the company an “outperform” rating in a report on Friday, June 12th. Raymond James lowered shares of WPX Energy from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $12.00 to $7.00 in a research report on Tuesday, March 17th. Stifel Nicolaus lifted their price target on shares of WPX Energy from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Finally, ValuEngine raised shares of WPX Energy from a “sell” rating to a “hold” rating in a research report on Thursday, April 30th. Four analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. WPX Energy presently has an average rating of “Buy” and a consensus price target of $12.59.

Shares of WPX stock opened at $5.44 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.64 and a debt-to-equity ratio of 0.63. WPX Energy has a 1 year low of $1.94 and a 1 year high of $14.43. The firm’s fifty day moving average price is $6.39 and its two-hundred day moving average price is $7.89. The firm has a market capitalization of $3.05 billion, a P/E ratio of -41.85, a PEG ratio of 1.28 and a beta of 3.60.

WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. WPX Energy had a negative net margin of 2.52% and a positive return on equity of 3.13%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $625.59 million. During the same period in the previous year, the business earned $0.05 EPS. The company’s revenue was up 289.4% compared to the same quarter last year. As a group, equities research analysts forecast that WPX Energy will post 0.2 EPS for the current fiscal year.

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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