WPX Energy Inc. (WPX) Forecasted to Post Q3 2016 Earnings of ($0.14) Per Share
WPX Energy Inc. (NYSE:WPX) – FBR & Co issued their Q3 2016 EPS estimates for shares of WPX Energy in a research report issued to clients and investors on Tuesday. FBR & Co analyst C. Mabry anticipates that the firm will post earnings per share of ($0.14) for the quarter. FBR & Co currently has a “Outperform” rating and a $16.00 target price on the stock. FBR & Co also issued estimates for WPX Energy’s Q4 2016 earnings at ($0.13) EPS, FY2016 earnings at ($0.74) EPS, FY2017 earnings at ($0.66) EPS and FY2018 earnings at ($0.46) EPS.
Several other equities analysts have also issued reports on the company. Wunderlich boosted their price target on WPX Energy from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, October 3rd. Citigroup Inc. boosted their price target on WPX Energy from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, September 12th. Susquehanna upped their price objective on WPX Energy from $15.00 to $18.00 and gave the company a “positive” rating in a research note on Friday, September 9th. BMO Capital Markets reiterated a “hold” rating and issued a $13.00 price objective on shares of WPX Energy in a research note on Wednesday, September 7th. Finally, Barclays PLC upped their price objective on WPX Energy from $7.50 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, September 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $11.53.
Shares of WPX Energy (NYSE:WPX) traded up 1.70% during midday trading on Thursday, reaching $12.58. The company’s stock had a trading volume of 2,752,699 shares. The firm’s market capitalization is $4.33 billion. The company’s 50-day moving average price is $12.49 and its 200 day moving average price is $10.13. WPX Energy has a 1-year low of $2.53 and a 1-year high of $13.92.
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WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.07. The business earned $138 million during the quarter, compared to analyst estimates of $252.14 million. WPX Energy had a negative net margin of 142.42% and a negative return on equity of 6.76%. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period last year, the company earned ($0.11) earnings per share.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ontario Teachers Pension Plan Board acquired a new stake in shares of WPX Energy during the second quarter valued at approximately $100,000. Veritable L.P. increased its stake in shares of WPX Energy by 1.6% in the second quarter. Veritable L.P. now owns 10,755 shares of the company’s stock valued at $100,000 after buying an additional 168 shares during the last quarter. Cypress Capital Management LLC WY acquired a new stake in shares of WPX Energy during the second quarter valued at approximately $104,000. M&T Bank Corp increased its stake in shares of WPX Energy by 7.4% in the first quarter. M&T Bank Corp now owns 16,040 shares of the company’s stock valued at $112,000 after buying an additional 1,105 shares during the last quarter. Finally, Raymond James & Associates increased its stake in shares of WPX Energy by 22.9% in the second quarter. Raymond James & Associates now owns 12,440 shares of the company’s stock valued at $116,000 after buying an additional 2,320 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.
About WPX Energy
WPX Energy, Inc is an independent oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of long-life unconventional properties. It is engaged in the domestic development, production and gas management activities of oil, natural gas and natural gas liquids (NGLs) segment.
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