WPX Energy Given Equal Weight Rating at Barclays (WPX)
WPX Energy (NYSE:WPX)‘s stock had its “equal weight” rating reiterated by Barclays in a research note issued on Friday. They currently have a $24.00 price objective on the stock, up from their previous price objective of $20.00. Barclays’ price target would suggest a potential upside of 3.63% from the stock’s previous close.
Other equities research analysts have also recently issued reports about 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $22.53.
Shares of WPX Energy (NYSE:WPX) traded up 0.39% on Friday, hitting $23.25. 283,365 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’s 50-day moving average is $22.10 and its 200-day moving average is $20.4. The company’s market cap is $4.718 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 $0.06 EPS for the current fiscal year.
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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