WPX Energy (WPX) Coverage Initiated by Analysts at Johnson Rice

Johnson Rice began coverage on shares of WPX Energy (NYSE:WPX) in a research note published on Wednesday morning, Marketbeat reports. The brokerage issued a buy rating and a $23.00 price objective on the oil and gas producer’s stock.

Several other equities analysts have also commented on the company. Citigroup set a $20.00 price objective on WPX Energy and gave the company a buy rating in a research report on Friday, March 9th. Bank of America raised their price target on WPX Energy from $19.00 to $20.00 and gave the company a buy rating in a report on Thursday, March 8th. TheStreet upgraded WPX Energy from a d+ rating to a c- rating in a report on Thursday, March 1st. Northland Securities restated a buy rating and set a $20.00 price target on shares of WPX Energy in a report on Tuesday, February 27th. Finally, Imperial Capital restated an outperform rating and set a $24.00 price target (up from $20.00) on shares of WPX Energy in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $18.40.

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WPX stock opened at $14.46 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $5,738.12, a price-to-earnings ratio of -180.73 and a beta of 2.41. WPX Energy has a 52-week low of $8.39 and a 52-week high of $16.09.

WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.06. The business had revenue of $238.00 million during the quarter, compared to analyst estimates of $410.78 million. WPX Energy had a negative return on equity of 3.83% and a negative net margin of 1.20%. The company’s revenue for the quarter was up 170.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.16) earnings per share. equities research analysts forecast that WPX Energy will post 0.01 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WPX. Nationwide Fund Advisors increased its holdings in WPX Energy by 8.6% in the 3rd quarter. Nationwide Fund Advisors now owns 732,535 shares of the oil and gas producer’s stock worth $8,424,000 after buying an additional 58,159 shares in the last quarter. First Trust Advisors LP increased its holdings in WPX Energy by 6.6% in the 3rd quarter. First Trust Advisors LP now owns 145,306 shares of the oil and gas producer’s stock worth $1,671,000 after buying an additional 9,045 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in WPX Energy in the 3rd quarter worth about $383,000. Principal Financial Group Inc. increased its holdings in WPX Energy by 0.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,692,015 shares of the oil and gas producer’s stock worth $19,458,000 after buying an additional 11,119 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in WPX Energy by 1,599.6% in the 3rd quarter. Sei Investments Co. now owns 47,777 shares of the oil and gas producer’s stock worth $549,000 after buying an additional 44,966 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

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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.

Analyst Recommendations for WPX Energy (NYSE:WPX)

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