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Research analysts at Iberia Capital assumed coverage on shares of WPX Energy (NYSE:WPX) in a report released on Thursday. The firm set an “outperform” rating on the stock.

Shares of WPX Energy (NYSE:WPX) opened at 26.37 on Thursday. WPX Energy has a 52 week low of $16.80 and a 52 week 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 $5.351 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.

A number of other firms have also 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, August 29th. 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, August 25th. 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 issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price 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.

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