WPX Energy Inc (WPX) Receives $22.00 Average PT from Brokerages
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.
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.
Featured Article: Diversification
Receive News & Ratings for WPX Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy and related companies with MarketBeat.com's FREE daily email newsletter.