WPX Energy Inc. (WPX) Stock Rating Upgraded by Barclays PLC
WPX Energy Inc. (NYSE:WPX) was upgraded by equities researchers at Barclays PLC from an “underweight” rating to an “equal weight” rating in a research report issued on Monday. The firm currently has a $13.00 price objective on the stock, up from their prior price objective of $9.00. Barclays PLC’s target price points to a potential upside of 4.67% from the company’s current price.
WPX has been the topic of several other reports. Zacks Investment Research raised WPX Energy from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Thursday, June 30th. Imperial Capital lifted their price objective on WPX Energy from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Thursday, June 23rd. FBR & Co began 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. Citigroup Inc. lifted 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, Wunderlich lifted 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. Seven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $11.90.
Shares of WPX Energy (NYSE:WPX) traded down 0.08% during mid-day trading on Monday, hitting $12.42. The company had a trading volume of 5,054,904 shares. The firm has a 50-day moving average price of $12.57 and a 200-day moving average price of $10.27. WPX Energy has a 52 week low of $2.53 and a 52 week high of $13.92. The firm’s market capitalization is $4.28 billion.
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WPX Energy (NYSE:WPX) last posted its earnings results on Thursday, August 4th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.07. The business earned $138 million during the quarter, compared to the consensus estimate of $252.14 million. WPX Energy had a negative return on equity of 6.76% and a negative net margin of 142.42%. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.11) earnings per share. Equities analysts forecast that WPX Energy will post ($0.81) earnings per share for the current year.
Several large investors have recently modified their holdings of WPX. Capstone Asset Management Co. increased its stake in shares of WPX Energy by 5.7% in the third quarter. Capstone Asset Management Co. now owns 46,640 shares of the company’s stock worth $615,000 after buying an additional 2,520 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of WPX Energy during the third quarter worth about $241,000. Creative Planning increased its stake in shares of WPX Energy by 9.1% in the third quarter. Creative Planning now owns 16,754 shares of the company’s stock worth $221,000 after buying an additional 1,401 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of WPX Energy by 51.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 118,903 shares of the company’s stock worth $1,568,000 after buying an additional 40,578 shares during the last quarter. Finally, First Mercantile Trust Co. increased its stake in shares of WPX Energy by 35.5% in the third quarter. First Mercantile Trust Co. now owns 63,800 shares of the company’s stock worth $841,000 after buying an additional 16,715 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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