Analysts Expect WPX Energy Inc (NYSE:WPX) Will Post Earnings of $0.12 Per Share

Share on StockTwits

Wall Street analysts expect WPX Energy Inc (NYSE:WPX) to report earnings per share (EPS) of $0.12 for the current fiscal quarter, Zacks reports. Twelve analysts have provided estimates for WPX Energy’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.17. WPX Energy posted earnings per share of $0.07 in the same quarter last year, which would indicate a positive year over year growth rate of 71.4%. The company is scheduled to report its next quarterly earnings results on Wednesday, October 30th.

According to Zacks, analysts expect that WPX Energy will report full year earnings of $0.36 per share for the current year, with EPS estimates ranging from $0.22 to $0.48. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.77 per share, with EPS estimates ranging from $0.13 to $3.27. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow WPX Energy.

WPX Energy (NYSE:WPX) last announced its earnings results on Monday, August 5th. The oil and gas producer reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $695.00 million for the quarter, compared to the consensus estimate of $566.34 million. WPX Energy had a return on equity of 2.28% and a net margin of 23.59%. WPX Energy’s revenue was up 61.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS.

WPX has been the topic of several recent analyst reports. KeyCorp boosted their target price on WPX Energy from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. TD Securities reduced their target price on WPX Energy from $19.00 to $18.50 and set a “buy” rating on the stock in a report on Thursday, May 2nd. MKM Partners initiated coverage on WPX Energy in a report on Thursday, June 13th. They issued a “buy” rating and a $15.00 target price on the stock. TheStreet downgraded WPX Energy from a “b-” rating to a “c” rating in a report on Thursday, May 2nd. Finally, SunTrust Banks set a $21.00 price objective on WPX Energy and gave the stock a “buy” rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-three have assigned a buy rating to the company. WPX Energy has a consensus rating of “Buy” and a consensus target price of $19.52.

Hedge funds have recently bought and sold shares of the company. Paragon Capital Management LLC acquired a new position in shares of WPX Energy in the 1st quarter valued at $66,000. Quadrant Capital Group LLC increased its position in shares of WPX Energy by 166.0% in the 1st quarter. Quadrant Capital Group LLC now owns 7,820 shares of the oil and gas producer’s stock valued at $98,000 after buying an additional 4,880 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of WPX Energy by 64.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 8,237 shares of the oil and gas producer’s stock valued at $158,000 after buying an additional 3,237 shares in the last quarter. Spectrum Management Group Inc. bought a new stake in shares of WPX Energy in the 2nd quarter valued at $115,000. Finally, Capital Investment Advisors LLC bought a new stake in shares of WPX Energy in the 2nd quarter valued at $116,000. 98.55% of the stock is currently owned by institutional investors.

Shares of WPX opened at $10.27 on Friday. The firm has a market cap of $4.39 billion, a P/E ratio of 114.11, a P/E/G ratio of 1.03 and a beta of 2.26. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.47. WPX Energy has a one year low of $8.79 and a one year high of $20.80. The stock has a 50 day simple moving average of $10.51.

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.

Featured Article: Hedge Funds Explained

Get a free copy of the Zacks research report on WPX Energy (WPX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for WPX Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

EJF Capital LLC Lowers Stake in Sandy Spring Bancorp Inc.
EJF Capital LLC Lowers Stake in Sandy Spring Bancorp Inc.
EJF Capital LLC Buys New Position in Radian Group Inc
EJF Capital LLC Buys New Position in Radian Group Inc
EJF Capital LLC Has $7.26 Million Position in Rhinebeck Bancorp Inc
EJF Capital LLC Has $7.26 Million Position in Rhinebeck Bancorp Inc
EJF Capital LLC Buys Shares of 402,288 Mainstreet Bank Common Stock
EJF Capital LLC Buys Shares of 402,288 Mainstreet Bank Common Stock
EJF Capital LLC Grows Stock Position in First Savings Financial Group Inc
EJF Capital LLC Grows Stock Position in First Savings Financial Group Inc
SB Financial Group Inc  Shares Bought by EJF Capital LLC
SB Financial Group Inc Shares Bought by EJF Capital LLC


© 2006-2019 Ticker Report