Equities research analysts at Stephens initiated coverage on shares of WPX Energy (NYSE:WPX) in a report issued on Thursday, Marketbeat.com reports. The brokerage set an “overweight” rating and a $22.00 price target on the oil and gas producer’s stock. Stephens’ target price would suggest a potential upside of 66.67% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Seaport Global Securities set a $28.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. Zacks Investment Research upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Wednesday, October 3rd. Jefferies Financial Group started coverage on shares of WPX Energy in a research report on Friday, September 28th. They set a “buy” rating and a $28.00 target price for the company. Scotiabank restated a “buy” rating and set a $26.00 target price on shares of WPX Energy in a research report on Thursday, September 27th. Finally, ValuEngine raised shares of WPX Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Two analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $22.75.

Shares of WPX opened at $13.20 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.57. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of -31.43 and a beta of 2.40. WPX Energy has a 12-month low of $12.29 and a 12-month high of $20.80.

WPX Energy (NYSE:WPX) last announced its earnings results on Wednesday, October 31st. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The business had revenue of $484.00 million for the quarter, compared to analyst estimates of $514.08 million. WPX Energy had a positive return on equity of 0.76% and a negative net margin of 15.79%. The business’s revenue was up 233.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.10) EPS. As a group, research analysts anticipate that WPX Energy will post 0.17 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in WPX Energy by 5.3% during the third quarter. Vanguard Group Inc. now owns 36,939,299 shares of the oil and gas producer’s stock worth $743,219,000 after purchasing an additional 1,847,610 shares during the last quarter. Kepos Capital LP acquired a new position in WPX Energy during the third quarter worth approximately $2,496,000. Kentucky Retirement Systems acquired a new position in WPX Energy during the third quarter worth approximately $338,000. AQR Capital Management LLC increased its position in WPX Energy by 618.1% during the third quarter. AQR Capital Management LLC now owns 576,185 shares of the oil and gas producer’s stock worth $11,593,000 after purchasing an additional 495,947 shares during the last quarter. Finally, Energy Opportunities Capital Management LLC increased its position in WPX Energy by 17.1% during the third quarter. Energy Opportunities Capital Management LLC now owns 192,995 shares of the oil and gas producer’s stock worth $3,883,000 after purchasing an additional 28,245 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

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'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.

See Also: Depreciation

Analyst Recommendations for WPX Energy (NYSE:WPX)

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.