Equities analysts expect WPX Energy, Inc. (NYSE:WPX) to post ($0.16) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for WPX Energy’s earnings, with estimates ranging from ($0.21) to ($0.11). WPX Energy reported earnings per share of ($0.28) in the same quarter last year, which would suggest a positive year over year growth rate of 42.9%. The company is expected to report its next quarterly earnings report after the market closes on Wednesday, August 2nd.

On average, analysts expect that WPX Energy will report full year earnings of ($0.60) per share for the current financial year, with EPS estimates ranging from ($0.83) to ($0.29). For the next year, analysts anticipate that the firm will report earnings of ($0.22) per share, with EPS estimates ranging from ($0.74) to $1.52. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for WPX Energy.

WPX Energy (NYSE:WPX) last issued its quarterly earnings results 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. The firm had revenue of $461 million for the quarter, compared to analysts’ expectations of $254.24 million. WPX Energy had a negative return on equity of 7.13% and a negative net margin of 52.99%.

WPX has been the subject of a number of research analyst reports. BidaskClub downgraded shares of WPX Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 20th. FBR & Co restated a “buy” rating and set a $19.00 price target on shares of WPX Energy in a report on Monday, April 17th. Scotiabank restated a “buy” rating and set a $20.00 price target on shares of WPX Energy in a report on Tuesday, June 13th. Northland Securities set a $20.00 price target on shares of WPX Energy and gave the company a “buy” rating in a report on Monday, July 17th. Finally, Barclays PLC restated a “hold” rating and set a $8.00 price target on shares of WPX Energy in a report on Friday, July 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.86.

Several hedge funds have recently modified their holdings of WPX. Meadow Creek Investment Management LLC boosted its stake in 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 worth $145,000 after buying an additional 2,640 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in 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 worth $159,000 after buying an additional 2,915 shares in the last quarter. Cadence Capital Management LLC boosted its stake in 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 worth $166,000 after buying an additional 1,544 shares in the last quarter. Loews Corp purchased a new stake in WPX Energy during the first quarter worth approximately $166,000. Finally, Stevens Capital Management LP purchased a new stake in WPX Energy during the first quarter worth approximately $171,000. Institutional investors and hedge funds own 94.79% of the company’s stock.

Shares of WPX Energy (NYSE WPX) traded down 0.19% during midday trading on Thursday, reaching $10.69. The company’s stock had a trading volume of 646,966 shares. The stock has a 50 day moving average of $9.70 and a 200-day moving average of $11.99. WPX Energy has a 1-year low of $8.39 and a 1-year high of $16.17. The company’s market capitalization is $4.25 billion.

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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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Earnings History and Estimates for WPX Energy (NYSE:WPX)

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