WPX Energy (NYSE:WPX) Trading 5.3% Higher

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WPX Energy Inc (NYSE:WPX)’s stock price rose 5.3% during mid-day trading on Wednesday . The stock traded as high as $10.46 and last traded at $10.35, approximately 6,450,000 shares changed hands during trading. A decline of 18% from the average daily volume of 7,856,195 shares. The stock had previously closed at $9.83.

Several analysts recently issued reports on the company. Barclays set a $14.00 target price on WPX Energy and gave the company a “buy” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. dropped their price target on WPX Energy from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. KeyCorp cut their price objective on shares of WPX Energy from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Guggenheim set a $18.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Cowen set a $14.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a research report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $16.69.

The company has a debt-to-equity ratio of 0.47, a current ratio of 0.88 and a quick ratio of 0.83. The company’s 50-day simple moving average is $10.09 and its 200 day simple moving average is $10.52. The firm has a market cap of $4.25 billion, a P/E ratio of 116.78, a price-to-earnings-growth ratio of 1.02 and a beta of 2.21.

WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, October 30th. The oil and gas producer reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). WPX Energy had a net margin of 25.50% and a return on equity of 2.39%. The firm had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $623.75 million. During the same quarter in the previous year, the firm posted $0.07 EPS. The firm’s revenue for the quarter was up 64.3% on a year-over-year basis. Analysts anticipate that WPX Energy Inc will post 0.34 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co NY lifted its stake in shares of WPX Energy by 3.8% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 117,798 shares of the oil and gas producer’s stock worth $1,247,000 after purchasing an additional 4,314 shares during the last quarter. Millennium Management LLC raised its holdings in WPX Energy by 11,233.8% in the third quarter. Millennium Management LLC now owns 7,649,319 shares of the oil and gas producer’s stock worth $81,006,000 after purchasing an additional 7,581,828 shares in the last quarter. Man Group plc raised its holdings in WPX Energy by 30.5% in the third quarter. Man Group plc now owns 1,025,226 shares of the oil and gas producer’s stock worth $10,857,000 after purchasing an additional 239,606 shares in the last quarter. Maple Rock Capital Partners Inc. raised its holdings in WPX Energy by 31.1% in the third quarter. Maple Rock Capital Partners Inc. now owns 2,950,000 shares of the oil and gas producer’s stock worth $31,241,000 after purchasing an additional 700,000 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of WPX Energy by 456.0% during the third quarter. Squarepoint Ops LLC now owns 867,959 shares of the oil and gas producer’s stock valued at $9,192,000 after buying an additional 711,859 shares during the last quarter. Institutional investors and hedge funds own 98.27% of the company’s stock.

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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