WPX Energy Inc (NYSE:WPX) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 2,412 put options on the stock. This is an increase of approximately 1,143% compared to the average daily volume of 194 put options.

A number of institutional investors and hedge funds have recently made changes to their positions in WPX. Prudential Financial Inc. lifted its position in WPX Energy by 215.6% in the third quarter. Prudential Financial Inc. now owns 794,652 shares of the oil and gas producer’s stock worth $15,988,000 after buying an additional 542,900 shares during the last quarter. Swiss National Bank lifted its position in WPX Energy by 0.6% in the third quarter. Swiss National Bank now owns 697,100 shares of the oil and gas producer’s stock worth $14,026,000 after buying an additional 4,400 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in WPX Energy by 4.0% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 757,516 shares of the oil and gas producer’s stock worth $15,241,000 after buying an additional 29,156 shares during the last quarter. Janus Henderson Group PLC lifted its position in WPX Energy by 75.5% in the third quarter. Janus Henderson Group PLC now owns 700,100 shares of the oil and gas producer’s stock worth $14,086,000 after buying an additional 301,200 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in WPX Energy by 11.5% in the third quarter. PNC Financial Services Group Inc. now owns 46,742 shares of the oil and gas producer’s stock worth $940,000 after buying an additional 4,804 shares during the last quarter. 97.27% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the stock. Mizuho reaffirmed a “hold” rating and set a $14.00 price target on shares of WPX Energy in a research report on Thursday, February 21st. Raymond James set a $21.00 price target on shares of WPX Energy and gave the company a “buy wpx” rating in a research report on Monday, December 24th. Zacks Investment Research raised shares of WPX Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 9th. JPMorgan Chase & Co. set a $18.00 price target on shares of WPX Energy and gave the company a “buy” rating in a research report on Friday, December 7th. Finally, ValuEngine raised shares of WPX Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Four investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $20.85.

WPX Energy stock opened at $12.90 on Thursday. The company has a market capitalization of $5.21 billion, a P/E ratio of 143.33 and a beta of 2.30. WPX Energy has a 12-month low of $9.89 and a 12-month high of $20.80. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 0.58.

WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, February 20th. The oil and gas producer reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.03). The firm had revenue of $554.00 million during the quarter, compared to analysts’ expectations of $550.84 million. WPX Energy had a return on equity of 1.09% and a net margin of 6.54%. The company’s revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.02) earnings per share. Analysts forecast that WPX Energy will post 0.29 EPS for the current year.

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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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