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WPX Energy (NYSE:WPX) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Friday. The firm currently has a $28.50 price target on the stock. Zacks‘s price objective points to a potential upside of 7.18% from the stock’s previous close.

WPX Energy (NYSE:WPX) traded up 0.19% during mid-day trading on Friday, hitting $26.64. The stock had a trading volume of 1,614,461 shares. WPX Energy has a 52-week low of $16.80 and a 52-week high of $26.68. 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 $5.406 billion.

WPX Energy (NYSE:WPX) last issued its quarterly 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. On average, analysts predict that WPX Energy will post $0.30 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.06.

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.

To view Zacks’ full report, visit Zacks’ official website.

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