WPX Energy Receives Consensus Recommendation of “Hold” from Analysts (NYSE:WPX)
WPX Energy (NYSE:WPX) has received a consensus recommendation of “Hold” from the thirteen brokerages that are covering the company, AnalystRatingsNetwork.com reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $21.39.
WPX Energy (NYSE:WPX) traded up 1.10% during mid-day trading on Friday, hitting $23.00. 429,258 shares of the company’s stock traded hands. WPX Energy has a 52 week low of $16.80 and a 52 week high of $24.35. The stock has a 50-day moving average of $22.14 and a 200-day moving average of $20.30. The company’s market cap is $4.671 billion.
WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.07) by $0.13. The company had revenue of $814.00 million for the quarter, compared to the consensus estimate of $888.60 million. During the same quarter last year, the company posted ($0.22) earnings per share. WPX Energy’s revenue was down .1% compared to the same quarter last year. Analysts expect that WPX Energy will post $0.01 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Tudor Pickering upgraded shares of WPX Energy from a “hold” rating to an “accumulate” rating in a research note on Tuesday, July 29th. Separately, analysts at Zacks downgraded shares of WPX Energy from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $25.70 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of WPX Energy in a research note on Friday, July 18th. They now have a $29.00 price target on the stock, up previously from $28.00.
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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