Analysts Issue Forecasts for WPX Energy Inc’s Q2 2019 Earnings (WPX)

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WPX Energy Inc (NYSE:WPX) – Equities researchers at US Capital Advisors boosted their Q2 2019 earnings estimates for shares of WPX Energy in a research note issued to investors on Monday, May 20th. US Capital Advisors analyst C. Horwitz now anticipates that the oil and gas producer will post earnings per share of $0.12 for the quarter, up from their previous forecast of $0.10. US Capital Advisors also issued estimates for WPX Energy’s Q3 2019 earnings at $0.14 EPS, Q4 2019 earnings at $0.14 EPS and FY2019 earnings at $0.45 EPS.

WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $359.00 million during the quarter, compared to analysts’ expectations of $547.79 million. WPX Energy had a return on equity of 2.15% and a net margin of 9.50%. The firm’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) EPS.

Several other analysts have also recently commented on WPX. TD Securities lowered their price target on WPX Energy from $19.00 to $18.50 and set a “buy” rating for the company in a report on Thursday, May 2nd. Zacks Investment Research upgraded WPX Energy from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Saturday, May 11th. TheStreet cut WPX Energy from a “b-” rating to a “c” rating in a report on Thursday, May 2nd. Northland Securities restated a “buy” rating and issued a $20.00 price target on shares of WPX Energy in a report on Tuesday, February 26th. Finally, Piper Jaffray Companies set a $16.00 price target on WPX Energy and gave the company a “buy” rating in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $20.66.

WPX opened at $11.33 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.70 and a quick ratio of 0.64. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 125.89, a price-to-earnings-growth ratio of 0.77 and a beta of 2.31. WPX Energy has a 12 month low of $9.89 and a 12 month high of $20.80.

Institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA acquired a new position in WPX Energy during the 4th quarter worth approximately $52,591,000. Yaupon Capital Management LP acquired a new position in WPX Energy during the 4th quarter worth approximately $6,735,000. RMB Capital Management LLC lifted its position in 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 acquiring an additional 193,054 shares in the last quarter. Vanguard Group Inc lifted its position 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, PNC Financial Services Group Inc. lifted its position in WPX Energy by 12.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 52,467 shares of the oil and gas producer’s stock worth $596,000 after acquiring an additional 5,725 shares in the last quarter. 95.29% of the stock is currently owned by hedge funds and other institutional investors.

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 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.

See Also: Straddles

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

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