Stifel Nicolaus Analysts Give WPX Energy, Inc. (WPX) a $18.00 Price Target
WPX Energy, Inc. (NYSE:WPX) has been assigned a $18.00 price target by investment analysts at Stifel Nicolaus in a research note issued on Wednesday. The firm currently has a “buy” rating on the oil and gas producer’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 83.67% from the company’s current price.
Other equities analysts have also recently issued reports about the company. BMO Capital Markets increased 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. Cowen and Company upgraded WPX Energy from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $15.00 to $14.00 in a research note on Thursday, June 22nd. Seaport Global Securities cut WPX Energy from a “buy” rating to a “sell” rating and reduced their target price for the company from $17.00 to $6.50 in a research note on Wednesday, June 21st. Finally, Scotiabank reiterated a “buy” rating and set a $19.00 target price on shares of WPX Energy in a research note on Friday, June 30th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $15.81.
Shares of WPX Energy (WPX) traded down 2.76% on Wednesday, reaching $9.53. 5,231,804 shares of the company were exchanged. The company has a 50-day moving average price of $10.03 and a 200 day moving average price of $11.63. The stock’s market capitalization is $3.79 billion. WPX Energy has a 1-year low of $8.39 and a 1-year high of $16.17.
WPX Energy (NYSE:WPX) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.02. The firm had revenue of $413 million during the quarter, compared to analysts’ expectations of $301.78 million. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. WPX Energy’s quarterly revenue was up 199.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.28) EPS. On average, analysts forecast that WPX Energy will post ($0.53) EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of WPX Energy by 1.2% in the second quarter. Vanguard Group Inc. now owns 33,553,898 shares of the oil and gas producer’s stock valued at $324,132,000 after buying an additional 412,663 shares in the last quarter. BlackRock Inc. raised its stake in shares of WPX Energy by 0.6% in the second quarter. BlackRock Inc. now owns 32,391,197 shares of the oil and gas producer’s stock valued at $312,901,000 after buying an additional 188,749 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of WPX Energy by 136.1% in the second quarter. Dimensional Fund Advisors LP now owns 15,146,617 shares of the oil and gas producer’s stock valued at $141,018,000 after buying an additional 8,732,353 shares in the last quarter. State Street Corp raised its stake in shares of WPX Energy by 9.5% in the second quarter. State Street Corp now owns 14,691,763 shares of the oil and gas producer’s stock valued at $141,921,000 after buying an additional 1,272,719 shares in the last quarter. Finally, Carlson Capital L P raised its stake in shares of WPX Energy by 1.1% in the fourth quarter. Carlson Capital L P now owns 13,152,780 shares of the oil and gas producer’s stock valued at $75,497,000 after buying an additional 140,531 shares in the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.
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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