WPX Energy Reaches New 12-Month High at $25.00 (WPX)
WPX Energy (NYSE:WPX)’s share price reached a new 52-week high during trading on Tuesday , Analyst Ratings.Net reports. The stock traded as high as $25.00 and last traded at $24.81, with a volume of 1,954,042 shares. The stock had previously closed at $23.86.
WPX has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “equal weight” rating on shares of WPX Energy in a research note on Friday. They now have a $24.00 price target on the stock, up previously from $20.00. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, nine have assigned 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 $22.53.
The stock’s 50-day moving average is $22.13 and its 200-day moving average is $20.50. The company’s market cap is $5.022 billion.
WPX Energy (NYSE:WPX) last announced its earnings results on Wednesday, August 6th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted ($0.22) earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. Analysts expect that WPX Energy will post $0.12 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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