Insider Selling: WPX Energy SVP Sells 23,659 Shares of Stock (WPX)
WPX Energy (NYSE:WPX) SVP James J. Bender sold 23,659 shares of WPX Energy stock on the open market in a transaction dated Friday, June 13th. The stock was sold at an average price of $22.41, for a total value of $530,198.19. Following the completion of the sale, the senior vice president now directly owns 78,666 shares of the company’s stock, valued at approximately $1,762,905. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of WPX Energy (NYSE:WPX) traded up 0.62% during mid-day trading on Tuesday, hitting $22.62. 2,764,750 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 $21.45 and a 200-day moving average of $19.54. The company’s market cap is $4.573 billion.
WPX Energy (NYSE:WPX) last issued its quarterly earnings data 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. On average, analysts predict that WPX Energy will post $-0.10 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of WPX Energy from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 10th. They now have a $23.40 price target on the stock. Separately, analysts at Susquehanna reiterated a “hold” rating on shares of WPX Energy in a research note on Friday, May 23rd. They now have a $18.00 price target on the stock. Finally, analysts at Robert W. Baird reiterated a “hold” rating on shares of WPX Energy in a research note on Wednesday, May 21st. They now have a $21.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. WPX Energy has an average rating of “Hold” and a consensus price target of $20.91.
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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