Shares of WPX Energy, Inc. (NYSE:WPX) have earned a consensus rating of “Buy” from the twenty-three ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.86.

A number of brokerages recently commented on WPX. BMO Capital Markets upped their target price on 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. ValuEngine upgraded WPX Energy from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Seaport Global Securities lowered WPX Energy from a “buy” rating to a “sell” rating and cut their target price for the company from $17.00 to $6.50 in a research note on Wednesday, June 21st. Cowen and Company upgraded WPX Energy from a “market perform” rating to an “outperform” rating and cut their target price for the company from $15.00 to $14.00 in a research note on Thursday, June 22nd. Finally, Credit Suisse Group began coverage on WPX Energy in a research note on Thursday, June 1st. They issued an “outperform” rating and a $18.00 target price for the company.

Several hedge funds have recently made changes to their positions in the company. Credit Agricole S A acquired a new stake in shares of WPX Energy during the fourth quarter valued at approximately $122,000. Meadow Creek Investment Management LLC boosted 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 during the last quarter. Bronfman E.L. Rothschild L.P. boosted 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 during the last quarter. Cadence Capital Management LLC boosted 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 during the last quarter. Finally, Loews Corp acquired a new stake in shares of WPX Energy during the first quarter valued at approximately $166,000. Institutional investors own 94.79% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “WPX Energy, Inc. (NYSE:WPX) Receives Consensus Recommendation of “Buy” from Analysts” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/07/24/wpx-energy-inc-nysewpx-receives-consensus-recommendation-of-buy-from-analysts.html.

Shares of WPX Energy (WPX) traded up 1.50% during trading on Monday, hitting $10.15. 3,438,586 shares of the stock traded hands. The firm’s 50-day moving average price is $9.78 and its 200-day moving average price is $12.12. The company’s market cap is $4.04 billion. WPX Energy has a 52 week low of $8.39 and a 52 week high of $16.17.

WPX Energy (NYSE:WPX) last issued its earnings results on Wednesday, May 3rd. The oil and gas producer reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.02. The business had revenue of $461 million during the quarter, compared to analyst estimates of $254.24 million. WPX Energy had a negative return on equity of 7.13% and a negative net margin of 52.99%. On average, equities research analysts anticipate that WPX Energy will post ($0.59) earnings per share for the current year.

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)

Receive News & Ratings for WPX Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.