Shares of WPX Energy Inc (NYSE:WPX) have earned a consensus rating of “Buy” from the twenty-two analysts that are presently covering the company. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.99.
Several analysts recently issued reports on WPX shares. Robert W. Baird boosted their target price on shares of WPX Energy from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, November 22nd. Zacks Investment Research lowered shares of WPX Energy from a “buy” rating to a “hold” rating in a research report on Monday, February 27th. Scotiabank reiterated a “buy” rating and issued a $23.00 price target on shares of WPX Energy in a research report on Thursday, February 23rd. Deutsche Bank AG upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $15.00 to $17.00 in a research report on Monday, November 28th. Finally, BMO Capital Markets upgraded shares of WPX Energy from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 31st.
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In related news, insider Richard E. Muncrief bought 20,000 shares of the stock in a transaction dated Thursday, January 12th. The shares were purchased at an average price of $13.35 per share, with a total value of $267,000.00. Following the completion of the acquisition, the insider now owns 732,481 shares of the company’s stock, valued at $9,778,621.35. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William G. Lowrie bought 5,000 shares of the stock in a transaction dated Thursday, January 12th. The stock was bought at an average cost of $13.35 per share, for a total transaction of $66,750.00. Following the acquisition, the director now directly owns 242,076 shares of the company’s stock, valued at approximately $3,231,714.60. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Credit Agricole S A acquired a new stake in WPX Energy during the fourth quarter worth about $122,000. WFG Advisors LP increased its stake in WPX Energy by 22,734.3% in the fourth quarter. WFG Advisors LP now owns 37,905 shares of the company’s stock worth $127,000 after buying an additional 37,739 shares during the last quarter. Amtrust Financial Services Inc. acquired a new stake in WPX Energy during the fourth quarter worth about $152,000. Numeric Investors LLC acquired a new stake in WPX Energy during the fourth quarter worth about $152,000. Finally, Cadence Capital Management LLC increased its stake in WPX Energy by 2.9% in the fourth quarter. Cadence Capital Management LLC now owns 10,821 shares of the company’s stock worth $158,000 after buying an additional 308 shares during the last quarter. 82.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of WPX Energy (NYSE:WPX) opened at 12.58 on Thursday. The stock’s market cap is $4.99 billion. WPX Energy has a 52-week low of $5.80 and a 52-week high of $16.17. The stock’s 50 day moving average is $13.20 and its 200 day moving average is $13.20.
WPX Energy (NYSE:WPX) last announced its earnings results on Wednesday, February 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.01. The business had revenue of $88 million for the quarter, compared to the consensus estimate of $276.41 million. WPX Energy had a negative net margin of 178.46% and a negative return on equity of 7.94%. The business’s quarterly revenue was down 77.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.08) earnings per share. Equities research analysts forecast that WPX Energy will post ($0.59) earnings per share for the current year.
About WPX Energy
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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