Shares of WPX Energy Inc. (NYSE:WPX) have been given an average recommendation of “Buy” by the twenty-three brokerages that are presently covering the company. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $11.51.
WPX has been the subject of several research reports. BMO Capital Markets reiterated a “hold” rating on shares of WPX Energy in a research report on Monday, June 13th. Deutsche Bank AG upped their target price on shares of WPX Energy from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Tuesday, June 14th. Imperial Capital upped their target price on shares of WPX Energy from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, June 23rd. Zacks Investment Research upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Thursday, June 30th. Finally, Goldman Sachs Group Inc. upgraded shares of WPX Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $10.50 to $14.75 in a research report on Wednesday, July 6th.
Shares of WPX Energy (NYSE:WPX) opened at 12.72 on Tuesday. WPX Energy has a 52 week low of $2.53 and a 52 week high of $13.92. The stock has a 50 day moving average price of $12.45 and a 200 day moving average price of $10.00. The firm’s market capitalization is $4.38 billion.
WPX Energy (NYSE:WPX) last announced its earnings results on Thursday, August 4th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by $0.07. WPX Energy had a negative return on equity of 6.76% and a negative net margin of 142.42%. The company earned $138 million during the quarter, compared to analysts’ expectations of $252.14 million. During the same quarter last year, the firm posted ($0.11) earnings per share. The firm’s revenue was down 10.4% on a year-over-year basis. Analysts forecast that WPX Energy will post ($0.81) EPS for the current year.
Several institutional investors have recently modified their holdings of WPX. Ontario Teachers Pension Plan Board purchased a new position in shares of WPX Energy during the second quarter valued at approximately $100,000. Veritable L.P. increased its position in shares of WPX Energy by 1.6% in the second quarter. Veritable L.P. now owns 10,755 shares of the company’s stock valued at $100,000 after buying an additional 168 shares during the period. Cypress Capital Management LLC WY purchased a new position in shares of WPX Energy during the second quarter valued at approximately $104,000. Raymond James & Associates increased its position in shares of WPX Energy by 22.9% in the second quarter. Raymond James & Associates now owns 12,440 shares of the company’s stock valued at $116,000 after buying an additional 2,320 shares during the period. Finally, Nuveen Fund Advisors LLC purchased a new position in shares of WPX Energy during the second quarter valued at approximately $116,000. 93.91% of the stock is owned by hedge funds and other institutional investors.
WPX Energy Company Profile
WPX Energy, Inc is an independent oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of long-life unconventional properties. It is engaged in the domestic development, production and gas management activities of oil, natural gas and natural gas liquids (NGLs) segment.
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