WPX Energy, Inc. (WPX) Given a $18.00 Price Target by Stifel Nicolaus Analysts
WPX Energy, Inc. (NYSE:WPX) received a $18.00 price objective from research analysts at Stifel Nicolaus in a research note issued on Wednesday. The firm presently has a “buy” rating on the oil and gas producer’s stock. Stifel Nicolaus’ price target points to a potential upside of 83.67% from the stock’s current price.
Several other analysts have also recently weighed in on the stock. ValuEngine cut shares of WPX Energy from a “hold” rating to a “sell” rating in a research note on Monday. Barclays PLC set a $10.00 price objective on shares of WPX Energy and gave the stock a “hold” rating in a research note on Friday, August 4th. Imperial Capital began coverage on shares of WPX Energy in a research note on Tuesday, July 18th. They issued an “outperform” rating and a $18.00 price objective for the company. Northland Securities set a $20.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a research note on Monday, July 17th. Finally, BMO Capital Markets lifted their price objective on shares of WPX Energy from $12.00 to $13.00 and gave the stock a “no rating at time” rating in a research note on Friday, July 14th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $15.81.
WPX Energy (NYSE WPX) traded down 2.704% on Wednesday, reaching $9.535. 5,280,003 shares of the company traded hands. WPX Energy has a 52-week low of $8.39 and a 52-week high of $16.17. The firm’s market cap is $3.79 billion. The stock has a 50-day moving average price of $10.03 and a 200-day moving average price of $11.63.
WPX Energy (NYSE:WPX) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.02. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The business had revenue of $413 million during the quarter, compared to analysts’ expectations of $301.78 million. During the same quarter in the previous year, the company earned ($0.28) EPS. The business’s revenue was up 199.3% on a year-over-year basis. Analysts anticipate that WPX Energy will post ($0.53) earnings per share for the current fiscal year.
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A number of large investors have recently bought and sold shares of the company. Capital Advisors Inc. OK raised its stake 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 acquired a new stake in WPX Energy during the second quarter worth $113,000. Financial Counselors Inc. raised its stake 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. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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. Finally, BlueMountain Capital Management LLC raised its stake in WPX Energy by 39.3% in the second quarter. BlueMountain Capital Management LLC now owns 14,532 shares of the oil and gas producer’s stock worth $140,000 after buying an additional 4,097 shares during the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.
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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