A number of other research firms also recently commented on WPX. BMO Capital Markets restated a hold rating and set a $13.00 price objective on shares of WPX Energy in a research note on Wednesday, September 7th. Barclays PLC increased their price objective on shares of WPX Energy from $6.00 to $7.50 and gave the stock an underweight rating in a research note on Monday, August 8th. Goldman Sachs Group Inc. upgraded shares of WPX Energy from a neutral rating to a buy rating and increased their price objective for the stock from $10.50 to $14.75 in a research note on Wednesday, July 6th. Zacks Investment Research downgraded shares of WPX Energy from a buy rating to a hold rating in a research note on Tuesday, August 9th. Finally, Susquehanna increased their price objective on shares of WPX Energy from $15.00 to $18.00 and gave the stock a positive rating in a research note on Friday, September 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $11.73.
Shares of WPX Energy (NYSE:WPX) opened at 12.43 on Tuesday. The firm’s 50-day moving average price is $12.54 and its 200-day moving average price is $10.19. WPX Energy has a 12-month low of $2.53 and a 12-month high of $13.92. The firm’s market capitalization is $4.28 billion.
WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.28) EPS for the quarter, missing the Zacks’ 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 business had revenue of $138 million for the quarter, compared to analyst estimates of $252.14 million. During the same quarter in the prior year, the company earned ($0.11) earnings per share. The company’s quarterly revenue was down 10.4% on a year-over-year basis. Equities analysts predict that WPX Energy will post ($0.81) earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Capstone Asset Management Co. raised its stake in WPX Energy by 5.7% in the third quarter. Capstone Asset Management Co. now owns 46,640 shares of the company’s stock valued at $615,000 after buying an additional 2,520 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in WPX Energy during the third quarter valued at about $241,000. Creative Planning raised its stake in WPX Energy by 9.1% in the third quarter. Creative Planning now owns 16,754 shares of the company’s stock valued at $221,000 after buying an additional 1,401 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in WPX Energy by 51.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 118,903 shares of the company’s stock valued at $1,568,000 after buying an additional 40,578 shares in the last quarter. Finally, First Mercantile Trust Co. raised its stake in WPX Energy by 35.5% in the third quarter. First Mercantile Trust Co. now owns 63,800 shares of the company’s stock valued at $841,000 after buying an additional 16,715 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.
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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