WPX Energy Inc (NYSE:WPX) has earned a consensus rating of “Buy” from the twenty-nine ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $22.96.
Several analysts have recently issued reports on WPX shares. BMO Capital Markets reissued a “buy” rating and issued a $25.00 price target on shares of WPX Energy in a research report on Thursday, October 11th. US Capital Advisors started coverage on shares of WPX Energy in a research report on Monday, July 2nd. They issued a “buy” rating on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $26.00 price target on shares of WPX Energy in a research report on Thursday, August 30th. Piper Jaffray Companies reissued a “buy” rating and issued a $22.00 price target on shares of WPX Energy in a research report on Thursday, August 30th. Finally, ValuEngine lowered shares of WPX Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th.
Hedge funds have recently added to or reduced their stakes in the business. Hartford Financial Management Inc. purchased a new position in WPX Energy in the 2nd quarter worth approximately $108,000. Qube Research & Technologies Ltd purchased a new position in WPX Energy in the 2nd quarter worth approximately $108,000. Bayesian Capital Management LP purchased a new position in WPX Energy in the 1st quarter worth approximately $171,000. SeaBridge Investment Advisors LLC purchased a new position in WPX Energy in the 2nd quarter worth approximately $177,000. Finally, Usca Ria LLC purchased a new position in WPX Energy in the 2nd quarter worth approximately $186,000. 93.71% of the stock is owned by institutional investors and hedge funds.
WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. WPX Energy had a negative net margin of 30.02% and a negative return on equity of 0.97%. The company had revenue of $430.00 million for the quarter, compared to analyst estimates of $432.92 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. As a group, equities research analysts anticipate that WPX Energy will post 0.21 earnings per share for the current fiscal year.
WPX Energy Company Profile
WPX Energy, Inc, an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.
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