WPX Energy Rating Increased to Outperform at Howard Weil (WPX)
WPX Energy (NYSE:WPX) was upgraded by equities researchers at Howard Weil from a “sector perform” rating to an “outperform” rating in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $32.00 target price on the stock, up from their previous target price of $25.00. Howard Weil’s price objective would indicate a potential upside of 26.98% from the stock’s previous close.
WPX Energy (NYSE:WPX) opened at 25.20 on Monday. WPX Energy has a one year low of $16.80 and a one year high of $25.36. The stock has a 50-day moving average of $22.31 and a 200-day moving average of $20.65. The company’s market cap is $5.114 billion.
WPX Energy (NYSE:WPX) last released its earnings data 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 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 $0.26 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on WPX. Analysts at Barclays reiterated an “equal weight” rating on shares of WPX Energy in a research note on Friday, August 15th. 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 issued a hold rating and three have assigned a buy rating to the stock. WPX Energy currently has an average rating of “Hold” and an average target price of $23.71.
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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