WPX Energy, Inc. (WPX) Raised to Hold at ValuEngine
WPX Energy, Inc. (NYSE:WPX) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Thursday.
A number of other brokerages have also recently commented on WPX. BidaskClub cut shares of WPX Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. FBR & Co reaffirmed a “buy” rating and set a $19.00 target price on shares of WPX Energy in a report on Monday, April 17th. Scotiabank reaffirmed a “buy” rating and set a $20.00 target price on shares of WPX Energy in a report on Tuesday, June 13th. Wolfe Research initiated coverage on shares of WPX Energy in a report on Thursday, June 15th. They set an “outperform” rating and a $13.50 target price for the company. 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 analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the stock. WPX Energy presently has an average rating of “Buy” and a consensus target price of $15.83.
Shares of WPX Energy (WPX) traded up 0.22% during midday trading on Thursday, hitting $9.29. 7,523,598 shares of the stock traded hands. The company’s 50-day moving average is $10.69 and its 200 day moving average is $12.63. WPX Energy has a 52 week low of $8.40 and a 52 week high of $16.17. The firm’s market capitalization is $3.69 billion.
WPX Energy (NYSE:WPX) last released its quarterly earnings data 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 net margin of 52.99% and a negative return on equity of 7.13%. The firm had revenue of $461 million during the quarter, compared to analysts’ expectations of $254.24 million. Analysts anticipate that WPX Energy will post ($0.54) earnings per share for the current year.
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Large investors have recently made changes to their positions in the stock. Credit Agricole S A purchased a new stake in shares of WPX Energy during the fourth quarter valued at $122,000. Meadow Creek Investment Management LLC increased its stake in shares of 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 valued at $145,000 after buying an additional 2,640 shares in the last quarter. Numeric Investors LLC purchased a new stake in shares of WPX Energy during the fourth quarter valued at $152,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of WPX Energy by 32.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,890 shares of the oil and gas producer’s stock valued at $159,000 after buying an additional 2,915 shares in the last quarter. Finally, Cadence Capital Management LLC increased its stake in shares of WPX Energy by 14.3% in the first quarter. Cadence Capital Management LLC now owns 12,365 shares of the oil and gas producer’s stock valued at $166,000 after buying an additional 1,544 shares in the last quarter. 94.98% of the stock is currently owned by institutional investors and hedge funds.
About WPX Energy
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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