WPX Energy Hits New 52-Week High at $26.76 (WPX)
WPX Energy (NYSE:WPX) hit a new 52-week high on Friday , Stock Ratings Network.com reports. The stock traded as high as $26.76 and last traded at $26.61, with a volume of 1,357,001 shares. The stock had previously closed at $26.59.
A number of research firms have recently commented on WPX. Analysts at Zacks upgraded shares of WPX Energy from a “neutral” rating to an “outperform” rating in a research note on Friday. They now have a $28.50 price target on the stock. Separately, analysts at Howard Weil upgraded shares of WPX Energy from a “sector perform” rating to an “outperform” rating in a research note on Monday. They now have a $32.00 price target on the stock, up previously from $25.00. Finally, 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. WPX Energy presently has a consensus rating of “Hold” and a consensus target price of $24.06.
The stock’s 50-day moving average is $22.73 and its 200-day moving average is $20.85. The company’s market cap is $5.407 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 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 $0.30 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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