WPX Energy, Inc. (WPX) Forecasted to Post FY2018 Earnings of ($0.29) Per Share
WPX Energy, Inc. (NYSE:WPX) – Capital One Financial Corporation boosted their FY2018 EPS estimates for WPX Energy in a report released on Thursday. Capital One Financial Corporation analyst B. Velie now anticipates that the oil and gas producer will post earnings per share of ($0.29) for the year, up from their prior forecast of ($0.53).
A number of other research analysts have also weighed in on the stock. Barclays PLC set a $10.00 price objective on shares of WPX Energy and gave the company a “hold” rating in a research note on Friday. Imperial Capital assumed coverage on shares of WPX Energy in a research note on Tuesday, July 18th. They issued an “outperform” rating and a $18.00 price objective on the stock. Northland Securities set a $20.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a research note on Monday, July 17th. BMO Capital Markets raised their price objective 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. Finally, Citigroup Inc. dropped their price objective on shares of WPX Energy from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, July 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $15.95.
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Shares of WPX Energy (NYSE:WPX) opened at 10.41 on Monday. The company’s market capitalization is $4.14 billion. The firm’s 50-day moving average is $9.80 and its 200 day moving average is $11.89. WPX Energy has a 12 month low of $8.39 and a 12 month high of $16.17.
WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.02. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The firm had revenue of $413 million for the quarter, compared to analysts’ expectations of $301.78 million. During the same period in the previous year, the firm posted ($0.28) EPS. The company’s revenue for the quarter was up 199.3% on a year-over-year basis.
Hedge funds have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased 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 during the period. Municipal Employees Retirement System of Michigan increased its position in WPX Energy by 14.1% in the first quarter. Municipal Employees Retirement System of Michigan now owns 180,480 shares of the oil and gas producer’s stock valued at $2,417,000 after buying an additional 22,290 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in WPX Energy during the first quarter valued at $199,000. Utah Retirement Systems increased its position in WPX Energy by 15.7% in the first quarter. Utah Retirement Systems now owns 70,161 shares of the oil and gas producer’s stock valued at $939,000 after buying an additional 9,500 shares during the last quarter. Finally, Gagnon Advisors LLC increased its position in WPX Energy by 87.1% in the second quarter. Gagnon Advisors LLC now owns 368,416 shares of the oil and gas producer’s stock valued at $3,559,000 after buying an additional 171,487 shares during the last quarter. Institutional investors and hedge funds own 95.03% 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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