Share on StockTwits

Stock analysts at Barclays cut their target price on shares of WPX Energy (NYSE:WPX) from $18.00 to $16.00 in a report issued on Friday. The firm currently has an “equal weight” rating on the stock. Barclays’ price target indicates a potential downside of 23.88% from the company’s current price.

Shares of WPX Energy (NYSE:WPX) traded down 1.04% during mid-day trading on Friday, hitting $21.02. 2,000,922 shares of the company’s stock traded hands. WPX Energy has a 52 week low of $16.80 and a 52 week high of $23.69. The stock has a 50-day moving average of $20.5 and a 200-day moving average of $19.21. The company’s market cap is $4.249 billion.

WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.25) earnings per share. WPX Energy’s revenue was up 56.4% compared to the same quarter last year. Analysts expect that WPX Energy will post $-0.15 EPS for the current fiscal year.

In other WPX Energy news, Director William G. Lowrie purchased 8,000 shares of the stock in a transaction dated Tuesday, May 20th. The shares were purchased at an average price of $20.95 per share, for a total transaction of $167,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.