WPX Energy (WPX) Receiving Somewhat Favorable News Coverage, Study Shows
News stories about WPX Energy (NYSE:WPX) have been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. WPX Energy earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media headlines about the oil and gas producer an impact score of 46.8190706803311 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- WPX Energy, Inc. (NYSE:WPX) – Important Factors to Analyse A Good Investment – Nasdaq Journal (press release) (nasdaqjournal.com)
- Heading Towards a Potential Reversal? Masco Corporation (MAS), WPX Energy, Inc. (WPX) – Market Movers (financialqz.com)
- Technical Indicators under Consideration – WPX Energy, Inc. (NYSE: WPX) – Alpha Beta Stock (alphabetastock.com)
- $406.69 Million in Sales Expected for WPX Energy Inc (WPX) This Quarter (americanbankingnews.com)
- WPX Energy Inc (WPX) Expected to Post Quarterly Sales of $406.69 Million (americanbankingnews.com)
WPX has been the subject of several research analyst reports. Citigroup upgraded WPX Energy from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Thursday, November 16th. Bank of America lifted their price objective on WPX Energy from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th. Barclays upgraded WPX Energy from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $10.00 to $14.00 in a report on Tuesday, November 7th. Stifel Nicolaus set a $19.00 price target on WPX Energy and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, BMO Capital Markets restated a “buy” rating and set a $16.00 price target on shares of WPX Energy in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $15.66.
WPX Energy (WPX) traded up $0.05 during mid-day trading on Thursday, hitting $14.44. The stock had a trading volume of 4,511,205 shares, compared to its average volume of 5,010,000. WPX Energy has a 12-month low of $8.39 and a 12-month high of $15.44. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. The stock has a market cap of $5,750.00, a PE ratio of -29.47, a P/E/G ratio of 9.82 and a beta of 2.46.
WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.02. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. The firm had revenue of $224.00 million for the quarter, compared to analysts’ expectations of $334.38 million. During the same period in the previous year, the firm earned ($0.17) EPS. The business’s quarterly revenue was down 10.8% on a year-over-year basis. equities analysts forecast that WPX Energy will post -0.46 earnings per share for the current year.
WPX Energy Company Profile
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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