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WPX Energy (NYSE:WPX) was upgraded by TheStreet from a “sell” rating to a “hold” rating in a research note issued on Thursday.

The analysts wrote, “WPX Energy (WPX) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.”

In other WPX Energy news, CEO James J. Bender sold 94,700 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $22.01, for a total value of $2,084,347.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

WPX Energy (NYSE:WPX) traded up 0.19% on Thursday, hitting $21.24. 2,287,246 shares of the company’s stock traded hands. WPX Energy has a 1-year low of $16.80 and a 1-year high of $23.69. The stock’s 50-day moving average is $20.47 and its 200-day moving average is $19.22. The company’s market cap is $4.294 billion.

WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.19. The company had revenue of $987.00 million for the quarter, compared to the consensus estimate of $811.91 million. During the same quarter in the prior year, the company posted ($0.25) earnings per share. The company’s quarterly revenue was up 56.4% on a year-over-year basis. Analysts expect that WPX Energy will post $-0.15 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of WPX Energy from $19.00 to $20.00 in a research note on Tuesday, April 1st. Separately, analysts at Cowen and Company downgraded shares of WPX Energy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 26th. They now have a $20.00 price target on the stock. Finally, analysts at Simmons downgraded shares of WPX Energy from an “overweight” rating to a “neutral” rating in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. WPX Energy presently has a consensus rating of “Hold” and an average price target of $21.00.

WPX Energy, Inc (NYSE:WPX) is an independent natural gas and oil exploration and production company engaged in the exploitation and development of long-life unconventional properties.

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