Barclays PLC Upgrades WPX Energy Inc. (WPX) to “Equal Weight”
WPX Energy Inc. (NYSE:WPX) was upgraded by equities research analysts at Barclays PLC from an “underweight” rating to an “equal weight” rating in a note issued to investors on Monday, The Fly reports.
A number of other equities analysts have also commented on the company. Evercore ISI raised WPX Energy from a “hold” rating to a “buy” rating and increased their price target for the company from $14.00 to $16.00 in a research note on Friday. FBR & Co started coverage on WPX Energy in a research report on Tuesday, October 11th. They set an “outperform” rating and a $16.00 price objective on the stock. Wunderlich upped their price objective on WPX Energy from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, October 3rd. Citigroup Inc. upped their price objective on WPX Energy from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, September 12th. Finally, Susquehanna upped their price objective on WPX Energy from $15.00 to $18.00 and gave the company a “positive” rating in a research report on Friday, September 9th. Seven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $11.73.
Shares of WPX Energy (NYSE:WPX) opened at 12.43 on Monday. WPX Energy has a 52-week low of $2.53 and a 52-week high of $13.92. The company’s market capitalization is $4.28 billion. The company’s 50 day moving average price is $12.54 and its 200 day moving average price is $10.19.
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WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.07. WPX Energy had a negative net margin of 142.42% and a negative return on equity of 6.76%. The firm had revenue of $138 million for the quarter, compared to the consensus estimate of $252.14 million. During the same period in the previous year, the company posted ($0.11) earnings per share. WPX Energy’s quarterly revenue was down 10.4% on a year-over-year basis. On average, analysts predict that WPX Energy will post ($0.81) EPS for the current year.
Several hedge funds have recently bought and sold shares of WPX. Veritable L.P. boosted its stake in WPX Energy by 1.6% in the second quarter. Veritable L.P. now owns 10,755 shares of the company’s stock worth $100,000 after buying an additional 168 shares during the last quarter. ProShare Advisors LLC boosted its stake in WPX Energy by 0.4% in the second quarter. ProShare Advisors LLC now owns 50,835 shares of the company’s stock worth $473,000 after buying an additional 183 shares during the last quarter. Janus Capital Management LLC boosted its stake in WPX Energy by 5.0% in the second quarter. Janus Capital Management LLC now owns 12,700 shares of the company’s stock worth $118,000 after buying an additional 600 shares during the last quarter. Mariner Wealth Advisors LLC boosted its stake in WPX Energy by 0.8% in the first quarter. Mariner Wealth Advisors LLC now owns 93,655 shares of the company’s stock worth $655,000 after buying an additional 720 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in WPX Energy by 7.4% in the first quarter. M&T Bank Corp now owns 16,040 shares of the company’s stock worth $112,000 after buying an additional 1,105 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.
WPX Energy Company Profile
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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