Share on StockTwits

WPX Energy (NYSE:WPX) CEO Richard E. Muncrief purchased 10,000 shares of the stock on the open market in a transaction that occurred on Tuesday, September 2nd. The stock was purchased at an average price of $26.24 per share, with a total value of $262,400.00. Following the transaction, the chief executive officer now directly owns 24,000 shares in the company, valued at approximately $629,760. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

WPX Energy (NYSE:WPX) traded down 1.63% during mid-day trading on Thursday, hitting $25.94. The stock had a trading volume of 2,207,553 shares. WPX Energy has a 1-year low of $16.80 and a 1-year high of $26.76. The stock’s 50-day moving average is $23.14 and its 200-day moving average is $21.09. The company’s market cap is $5.264 billion.

WPX Energy (NYSE:WPX) last posted its quarterly 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. On average, analysts predict that WPX Energy will post $0.31 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on WPX shares. Analysts at Iberia Capital initiated coverage on shares of WPX Energy in a research note on Thursday. They set an “outperform” rating and a $33.00 price target on the stock. Separately, analysts at Zacks upgraded shares of WPX Energy from a “neutral” rating to an “outperform” rating in a research note on Friday, August 29th. They now have a $28.50 price target on the stock. Finally, analysts at Howard Weil upgraded shares of WPX Energy from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 25th. They now have a $32.00 price target on the stock, up previously from $25.00. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $25.06.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.