WPX Energy, Inc. (WPX) to Post Q4 2017 Earnings of ($0.12) Per Share, SunTrust Banks Forecasts

WPX Energy, Inc. (NYSE:WPX) – Research analysts at SunTrust Banks cut their Q4 2017 earnings per share (EPS) estimates for WPX Energy in a report released on Wednesday. SunTrust Banks analyst N. Dingmann now expects that the oil and gas producer will post earnings of ($0.12) per share for the quarter, down from their prior estimate of ($0.11). SunTrust Banks also issued estimates for WPX Energy’s FY2018 earnings at ($0.10) EPS, FY2019 earnings at ($0.32) EPS and FY2020 earnings at ($0.39) EPS.

A number of other research analysts have also issued reports on the stock. Credit Suisse Group began coverage on shares of WPX Energy in a research report on Thursday, June 1st. They set an “outperform” rating and a $18.00 target price on the stock. Scotiabank restated a “buy” rating and set a $19.00 target price on shares of WPX Energy in a research report on Friday, June 30th. ValuEngine lowered shares of WPX Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. FBR & Co restated a “buy” rating and set a $19.00 target price on shares of WPX Energy in a research report on Monday, April 17th. Finally, BMO Capital Markets increased their target price on shares of WPX Energy from $12.00 to $13.00 and gave the stock a “no rating at time” rating in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company. WPX Energy currently has an average rating of “Buy” and a consensus target price of $15.95.

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WPX Energy (WPX) traded down 1.28% during midday trading on Friday, reaching $10.04. The company had a trading volume of 2,715,850 shares. The firm’s market capitalization is $3.99 billion. WPX Energy has a one year low of $8.40 and a one year high of $16.17. The stock’s 50 day moving average price is $9.97 and its 200-day moving average price is $11.75.

WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.02. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. The business had revenue of $413 million for the quarter, compared to the consensus estimate of $301.78 million. During the same period last year, the business earned ($0.28) earnings per share. The firm’s revenue for the quarter was up 199.3% compared to the same quarter last year.

A number of hedge funds have recently modified their holdings of WPX. Capital Advisors Inc. OK raised its stake in shares of WPX Energy by 2.0% in the second quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 200 shares in the last quarter. Financial Counselors Inc. raised its stake in shares of WPX Energy by 9.0% in the second quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after buying an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of WPX Energy by 12.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock worth $134,000 after buying an additional 1,540 shares in the last quarter. BlueMountain Capital Management LLC raised its stake in shares of WPX Energy by 39.3% in the second quarter. BlueMountain Capital Management LLC now owns 14,532 shares of the oil and gas producer’s stock worth $140,000 after buying an additional 4,097 shares in the last quarter. Finally, Meadow Creek Investment Management LLC raised its stake in shares of WPX Energy by 32.3% in the first quarter. Meadow Creek Investment Management LLC now owns 10,816 shares of the oil and gas producer’s stock worth $145,000 after buying an additional 2,640 shares in the last quarter. Hedge funds and other institutional investors own 95.03% of the company’s stock.

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.

Earnings History and Estimates for WPX Energy (NYSE:WPX)

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