Imperial Capital Comments on WPX Energy, Inc.’s Q2 2017 Earnings (WPX)
WPX Energy, Inc. (NYSE:WPX) – Investment analysts at Imperial Capital issued their Q2 2017 earnings per share (EPS) estimates for shares of WPX Energy in a note issued to investors on Tuesday. Imperial Capital analyst I. Haas expects that the oil and gas producer will post earnings of ($0.15) per share for the quarter. Imperial Capital has a “Outperform” rating and a $18.00 price target on the stock. Imperial Capital also issued estimates for WPX Energy’s Q3 2017 earnings at ($0.16) EPS, Q4 2017 earnings at ($0.17) EPS, FY2017 earnings at ($0.64) EPS and FY2018 earnings at ($0.50) EPS.
WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $254.24 million. ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/07/20/imperial-capital-comments-on-wpx-energy-inc-s-q2-2017-earnings-wpx.html.
A number of other research analysts have also recently commented on the stock. Northland Securities set a $20.00 price target on shares of WPX Energy and gave the stock a “buy” rating in a research note on Monday. BMO Capital Markets lifted their target price on shares of WPX Energy from $12.00 to $13.00 and gave the company a “no rating at time” rating in a research note on Friday, July 14th. Citigroup Inc. cut their target price on shares of WPX Energy from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, July 13th. Barclays PLC reissued a “hold” rating and issued a $8.00 price target on shares of WPX Energy in a report on Friday, July 7th. Finally, BidaskClub raised shares of WPX Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $15.86.
Shares of WPX Energy (NYSE:WPX) opened at 10.30 on Thursday. WPX Energy has a 52 week low of $8.39 and a 52 week high of $16.17. The firm’s market cap is $4.10 billion. The firm’s 50-day moving average price is $9.80 and its 200 day moving average price is $12.14.
A number of large investors have recently made changes to their positions in the stock. Credit Agricole S A acquired a new stake in shares of WPX Energy during the fourth quarter worth $122,000. Numeric Investors LLC acquired a new stake in shares of WPX Energy during the fourth quarter worth $152,000. Quadrature Capital Ltd acquired a new stake in shares of WPX Energy during the fourth quarter worth $1,442,000. Hudson Bay Capital Management LP acquired a new stake in shares of WPX Energy during the fourth quarter worth $1,457,000. Finally, Teachers Advisors LLC raised its stake in shares of WPX Energy by 20.1% in the fourth quarter. Teachers Advisors LLC now owns 2,279,044 shares of the oil and gas producer’s stock worth $33,206,000 after buying an additional 381,772 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.
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.
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