WPX Energy (WPX) Shares Gap Up to $14.31

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Shares of WPX Energy Inc (NYSE:WPX) gapped up prior to trading on Monday . The stock had previously closed at $14.47, but opened at $14.31. WPX Energy shares last traded at $14.52, with a volume of 214772 shares trading hands.

WPX has been the subject of a number of recent analyst reports. Piper Jaffray Companies set a $16.00 price target on shares of WPX Energy and gave the stock a “buy” rating in a report on Friday, April 5th. Northland Securities restated a “buy” rating and set a $20.00 price target on shares of WPX Energy in a report on Tuesday, April 2nd. Barclays set a $18.00 price target on shares of WPX Energy and gave the stock a “buy” rating in a report on Thursday, February 28th. TheStreet upgraded shares of WPX Energy from a “c” rating to a “b-” rating in a report on Thursday, February 21st. Finally, TD Securities cut their price target on shares of WPX Energy from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, February 22nd. Four equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $20.85.

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.97 and a current ratio of 1.03. The stock has a market cap of $6.01 billion, a P/E ratio of 161.17, a P/E/G ratio of 1.53 and a beta of 2.31.

WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, February 20th. The oil and gas producer reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.03). The business had revenue of $554.00 million during the quarter, compared to analysts’ expectations of $550.84 million. WPX Energy had a net margin of 6.54% and a return on equity of 1.09%. The business’s quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.02) EPS. On average, analysts anticipate that WPX Energy Inc will post 0.31 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA purchased a new stake in shares of WPX Energy during the 4th quarter worth $52,591,000. Yaupon Capital Management LP purchased a new stake in shares of WPX Energy during the 4th quarter worth $6,735,000. RMB Capital Management LLC lifted its position in shares of WPX Energy by 235.6% during the 4th quarter. RMB Capital Management LLC now owns 274,980 shares of the oil and gas producer’s stock worth $3,121,000 after purchasing an additional 193,054 shares during the last quarter. Vanguard Group Inc raised its stake in WPX Energy by 5.3% during the 3rd quarter. Vanguard Group Inc now owns 36,939,299 shares of the oil and gas producer’s stock worth $743,219,000 after acquiring an additional 1,847,610 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in WPX Energy by 618.1% during the 3rd quarter. AQR Capital Management LLC now owns 576,185 shares of the oil and gas producer’s stock worth $11,593,000 after acquiring an additional 495,947 shares in the last quarter. 96.86% of the stock is owned by institutional investors and hedge funds.

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WPX Energy Company Profile (NYSE:WPX)

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 operates 657 wells and owns interests in 808 wells covering an area of approximately 130,000 net acres located in Delaware Basin, Texas and New Mexico; and operates 323 wells and owns interests in 87 wells that covers an area of approximately 85,087 net acres situated in the Williston Basin, North Dakota.

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