WPX Energy, Inc. (NYSE:WPX)‘s stock had its “buy” rating reiterated by equities research analysts at Scotiabank in a research report issued to clients and investors on Friday. They presently have a $19.00 price objective on the oil and gas producer’s stock. Scotiabank’s price target suggests a potential upside of 90.38% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $17.00 target price on shares of WPX Energy in a research note on Thursday, June 22nd. Cowen and Company raised shares of WPX Energy from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $15.00 to $14.00 in a research note on Thursday, June 22nd. Seaport Global Securities downgraded shares of WPX Energy from a “buy” rating to a “sell” rating and decreased their price target for the stock from $17.00 to $6.50 in a research note on Wednesday, June 21st. BidaskClub downgraded shares of WPX Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Finally, Robert W. Baird set a $16.00 price target on shares of WPX Energy and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $16.04.

Shares of WPX Energy (NYSE WPX) traded up 3.31% during midday trading on Friday, hitting $9.98. 3,991,015 shares of the company traded hands. The stock has a 50 day moving average of $10.69 and a 200-day moving average of $12.63. The stock’s market capitalization is $3.97 billion. WPX Energy has a 52 week low of $8.40 and a 52 week 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 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 52.99% and a negative return on equity of 7.13%. Equities analysts forecast that WPX Energy will post ($0.54) earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd bought a new stake in WPX Energy during the fourth quarter valued at $1,442,000. Norges Bank bought a new stake in WPX Energy during the fourth quarter valued at $50,329,000. WFG Advisors LP boosted 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 valued at $127,000 after buying an additional 37,739 shares during the period. Numeric Investors LLC bought a new stake in WPX Energy during the fourth quarter valued at $152,000. Finally, Cigna Investments Inc. New bought a new stake in WPX Energy during the fourth quarter valued at $174,000. Institutional investors and hedge funds own 94.98% of the company’s stock.

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.

Analyst Recommendations for WPX Energy (NYSE:WPX)

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