WPX Energy Sees Unusually High Options Volume (WPX)
WPX Energy Inc (NYSE:WPX) saw unusually large options trading activity on Friday. Stock investors acquired 11,557 call options on the stock. This is an increase of approximately 611% compared to the average daily volume of 1,625 call options.
Several large investors have recently added to or reduced their stakes in WPX. Credit Agricole S A bought a new stake in WPX Energy during the fourth quarter worth about $122,000. WFG Advisors LP increased its stake in WPX Energy by 22,734.3% in the fourth quarter. WFG Advisors LP now owns 37,905 shares of the oil and gas producer’s stock worth $127,000 after buying an additional 37,739 shares during the period. Meadow Creek Investment Management LLC increased its stake in WPX Energy by 32.3% in the first quarter. Meadow Creek Investment Management LLC now owns 10,816 shares of the oil and gas producer’s stock worth $145,000 after buying an additional 2,640 shares during the period. Amtrust Financial Services Inc. bought a new stake in WPX Energy during the fourth quarter worth about $152,000. Finally, Numeric Investors LLC bought a new stake in WPX Energy during the fourth quarter worth about $152,000. 82.08% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently weighed in on WPX shares. Stifel Nicolaus started coverage on shares of WPX Energy in a report on Wednesday, April 12th. They issued a “buy” rating and a $21.00 target price for the company. Scotiabank reaffirmed a “buy” rating and issued a $20.00 target price on shares of WPX Energy in a report on Monday, March 27th. FBR & Co reaffirmed a “buy” rating and issued a $19.00 target price on shares of WPX Energy in a report on Monday, April 17th. BMO Capital Markets raised shares of WPX Energy from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 31st. Finally, Seaport Global Securities raised shares of WPX Energy from a “neutral” rating to a “buy” rating in a report on Friday, March 31st. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $16.10.
WPX Energy (NYSE:WPX) traded up 0.60% during mid-day trading on Friday, reaching $11.76. 7,754,707 shares of the company were exchanged. The company has a 50 day moving average of $12.26 and a 200-day moving average of $13.22. WPX Energy has a 1-year low of $8.23 and a 1-year high of $16.17. The company’s market capitalization is $4.68 billion.
WPX Energy (NYSE:WPX) last released its quarterly earnings results on Wednesday, May 3rd. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.02. The business had revenue of $461 million for the quarter, compared to the consensus estimate of $254.24 million. WPX Energy had a negative net margin of 178.46% and a negative return on equity of 7.94%. On average, equities research analysts forecast that WPX Energy will post ($0.55) EPS for the current year.
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WPX Energy Company Profile
WPX Energy, Inc is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States.
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