Shares of WPX Energy Inc (NYSE:WPX) have been assigned a consensus rating of “Buy” from the twenty-seven analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $22.09.

WPX has been the topic of several research analyst reports. Northland Securities set a $26.00 price objective on WPX Energy and gave the stock a “buy” rating in a report on Friday, August 3rd. Bank of America lifted their price objective on WPX Energy from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Robert W. Baird reiterated a “buy” rating and issued a $25.00 price objective on shares of WPX Energy in a report on Wednesday, August 1st. Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Thursday, July 26th. Finally, TD Securities started coverage on shares of WPX Energy in a research note on Thursday, July 5th. They issued a “buy” rating and a $25.00 target price on the stock.

WPX stock traded down $0.67 during trading on Tuesday, hitting $18.40. The stock had a trading volume of 6,527,800 shares, compared to its average volume of 6,782,733. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 0.58. WPX Energy has a twelve month low of $9.45 and a twelve month high of $19.78. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of -43.81 and a beta of 2.33.

WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. WPX Energy had a negative return on equity of 0.97% and a negative net margin of 30.02%. The company had revenue of $430.00 million for the quarter, compared to analysts’ expectations of $432.92 million. During the same period in the previous year, the firm posted $0.18 EPS. WPX Energy’s revenue was up 22.9% compared to the same quarter last year. equities analysts forecast that WPX Energy will post 0.22 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC purchased a new stake in shares of WPX Energy during the 2nd quarter valued at approximately $206,000. Qube Research & Technologies Ltd purchased a new stake in shares of WPX Energy during the 2nd quarter valued at approximately $108,000. Hartford Financial Management Inc. purchased a new stake in shares of WPX Energy during the 2nd quarter valued at approximately $108,000. SeaBridge Investment Advisors LLC purchased a new stake in shares of WPX Energy during the 2nd quarter valued at approximately $177,000. Finally, Usca Ria LLC purchased a new stake in shares of WPX Energy during the 2nd quarter valued at approximately $186,000. 93.76% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for WPX Energy (NYSE:WPX)

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