WPX Energy, Inc. (NYSE:WPX) was upgraded by investment analysts at Cowen and Company from a “market perform” rating to an “outperform” rating in a note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a $14.00 price objective on the oil and gas producer’s stock, down from their previous price objective of $15.00. Cowen and Company’s price target points to a potential upside of 49.73% from the company’s current price.

Several other brokerages also recently weighed in on WPX. Scotiabank restated a “buy” rating and set a $23.00 target price on shares of WPX Energy in a research note on Thursday, February 23rd. FBR & Co restated a “buy” rating on shares of WPX Energy in a research note on Wednesday, February 22nd. Seaport Global Securities upgraded WPX Energy from a “neutral” rating to a “buy” rating in a research note on Friday, March 31st. Zacks Investment Research upgraded WPX Energy from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, February 28th. Finally, Stifel Nicolaus started coverage on WPX Energy in a research note on Wednesday, April 12th. They set a “buy” rating and a $21.00 target price for the company. Three analysts have rated the stock with a sell rating, two have given a hold rating and sixteen have issued a buy rating to the company. WPX Energy currently has an average rating of “Buy” and an average price target of $16.09.

Analyst Recommendations for WPX Energy (NYSE:WPX)

Shares of WPX Energy (WPX) opened at 9.35 on Thursday. The firm’s 50-day moving average price is $11.18 and its 200 day moving average price is $12.89. The stock’s market capitalization is $3.72 billion. WPX Energy has a 12-month low of $8.23 and a 12-month high of $16.17.

WPX Energy (NYSE:WPX) last announced its earnings results on Wednesday, May 3rd. The oil and gas producer reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.02. WPX Energy had a negative return on equity of 7.13% and a negative net margin of 52.99%. The firm had revenue of $461 million during the quarter, compared to the consensus estimate of $254.24 million. Analysts predict that WPX Energy will post ($0.55) EPS for the current fiscal year.

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Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of WPX Energy by 20.4% in the first quarter. Vanguard Group Inc. now owns 33,141,235 shares of the oil and gas producer’s stock worth $443,761,000 after buying an additional 5,610,066 shares during the last quarter. BlackRock Inc. boosted its position in shares of WPX Energy by 13,729.5% in the first quarter. BlackRock Inc. now owns 32,202,448 shares of the oil and gas producer’s stock worth $431,192,000 after buying an additional 31,969,595 shares during the last quarter. State Street Corp boosted its position in shares of WPX Energy by 13.4% in the first quarter. State Street Corp now owns 13,419,044 shares of the oil and gas producer’s stock worth $179,682,000 after buying an additional 1,586,531 shares during the last quarter. FMR LLC boosted its position in shares of WPX Energy by 4.9% in the first quarter. FMR LLC now owns 10,146,141 shares of the oil and gas producer’s stock worth $135,857,000 after buying an additional 476,820 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of WPX Energy by 36.8% in the first quarter. Jennison Associates LLC now owns 8,383,200 shares of the oil and gas producer’s stock worth $112,251,000 after buying an additional 2,255,271 shares during the last quarter. 94.98% of the stock is owned by institutional investors and hedge funds.

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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