WPX Energy Given “Buy” Rating at Deutsche Bank (WPX)
WPX Energy (NYSE:WPX)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank in a report released on Wednesday. They currently have a $28.00 target price on the stock. Deutsche Bank’s price target would indicate a potential upside of 23.78% from the stock’s previous close.
WPX Energy (NYSE:WPX) traded up 0.93% on Wednesday, hitting $22.83. 1,994,715 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 $21.49 and a 200-day moving average of $19.57. The company’s market cap is $4.615 billion.
WPX Energy (NYSE:WPX) last issued its quarterly earnings data 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 $-0.10 EPS for the current fiscal year.
Several other analysts have also 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 research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $20.91.
In other WPX Energy news, SVP James J. Bender sold 23,659 shares of the stock 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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.
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