WPX Energy, Inc. (WPX) Set to Announce Earnings on Wednesday
WPX Energy, Inc. (NYSE:WPX) is scheduled to be releasing its earnings data after the market closes on Wednesday, August 2nd. Analysts expect WPX Energy to post earnings of ($0.15) per share for the quarter.
WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The business had revenue of $461 million during the quarter, compared to the consensus estimate 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, analysts expect WPX Energy to post $-0.58 EPS for the current fiscal year and $-0.26 EPS for the next fiscal year.
Shares of WPX Energy, Inc. (NYSE:WPX) opened at 10.59 on Wednesday. The firm’s market capitalization is $4.21 billion. WPX Energy, Inc. has a 12-month low of $8.39 and a 12-month high of $16.17. The stock has a 50 day moving average price of $9.73 and a 200 day moving average price of $12.03.
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Several analysts have commented on WPX shares. Stifel Nicolaus started coverage on shares of WPX Energy in a research note on Wednesday, April 12th. They set a “buy” rating and a $21.00 price objective for the company. Credit Suisse Group started coverage on shares of WPX Energy in a research note on Thursday, June 1st. They set an “outperform” rating and a $18.00 price objective for the company. ValuEngine cut shares of WPX Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. FBR & Co restated a “buy” rating and set a $19.00 price objective on shares of WPX Energy in a research note on Monday, April 17th. Finally, BMO Capital Markets restated a “buy” rating and set a $17.00 price objective on shares of WPX Energy in a research note on Monday, May 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $15.86.
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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