WPX Energy, Inc. (WPX) Receives Consensus Rating of “Buy” from Analysts
Shares of WPX Energy, Inc. (NYSE:WPX) have been assigned a consensus rating of “Buy” from the twenty-three ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $15.81.
WPX has been the topic of several research analyst reports. Credit Suisse Group initiated coverage on WPX Energy in a report on Thursday, June 1st. They issued an “outperform” rating and a $18.00 price objective on the stock. BMO Capital Markets lifted their price objective on WPX Energy from $12.00 to $13.00 and gave the stock a “no rating at time” rating in a report on Friday, July 14th. Scotiabank reiterated a “buy” rating and issued a $19.00 price objective on shares of WPX Energy in a report on Friday, June 30th. ValuEngine cut WPX Energy from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded WPX Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, July 6th.
Hedge funds have recently added to or reduced their stakes in the stock. Creative Planning raised its stake in WPX Energy by 6.2% in the first quarter. Creative Planning now owns 19,124 shares of the oil and gas producer’s stock valued at $256,000 after buying an additional 1,108 shares during the last quarter. Capstone Asset Management Co. raised its stake in WPX Energy by 9.4% in the first quarter. Capstone Asset Management Co. now owns 29,600 shares of the oil and gas producer’s stock valued at $396,000 after buying an additional 2,550 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in WPX Energy by 17.5% in the first quarter. Louisiana State Employees Retirement System now owns 100,100 shares of the oil and gas producer’s stock valued at $1,340,000 after buying an additional 14,900 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in WPX Energy during the first quarter valued at approximately $199,000. Finally, Oakbrook Investments LLC raised its stake in WPX Energy by 19.1% in the first quarter. Oakbrook Investments LLC now owns 31,515 shares of the oil and gas producer’s stock valued at $422,000 after buying an additional 5,050 shares during the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.
WPX Energy (NYSE WPX) traded up 2.31% during midday trading on Friday, hitting $9.73. The company had a trading volume of 3,077,364 shares. The company has a 50 day moving average price of $10.04 and a 200 day moving average price of $11.60. WPX Energy has a 1-year low of $8.39 and a 1-year high of $16.17. The firm’s market capitalization is $3.87 billion.
WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. The company 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. WPX Energy’s revenue was up 199.3% compared to the same quarter last year. Equities research analysts forecast that WPX Energy will post ($0.53) earnings per share for the current fiscal year.
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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