WPX Energy, Inc. (NYSE:WPX) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.

Several other equities research analysts also recently commented on WPX. BMO Capital Markets restated a “buy” rating and set a $17.00 price objective on shares of WPX Energy in a report on Monday, May 15th. Credit Suisse Group assumed coverage on WPX Energy in a report on Thursday, June 1st. They set an “outperform” rating and a $18.00 price objective for the company. ValuEngine downgraded WPX Energy from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Scotiabank reiterated a “buy” rating and set a $20.00 price target on shares of WPX Energy in a report on Tuesday, June 13th. Finally, Wolfe Research assumed coverage on WPX Energy in a report on Thursday, June 15th. They set an “outperform” rating and a $13.50 price target for the company. Three analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $15.81.

Shares of WPX Energy (NYSE:WPX) opened at 9.75 on Thursday. The firm’s market cap is $3.88 billion. WPX Energy has a 12-month low of $8.40 and a 12-month high of $16.17. The stock has a 50 day moving average price of $10.05 and a 200 day moving average price of $11.57.

WPX Energy (NYSE:WPX) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. The firm had revenue of $413 million during the quarter, compared to the consensus estimate of $301.78 million. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. The company’s quarterly revenue was up 199.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.28) earnings per share. On average, equities analysts expect that WPX Energy will post ($0.53) earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in WPX Energy by 13,729.5% in the first quarter. BlackRock Inc. now owns 32,202,448 shares of the oil and gas producer’s stock valued at $431,192,000 after buying an additional 31,969,595 shares in the last quarter. Vanguard Group Inc. boosted its position in WPX Energy by 20.4% in the first quarter. Vanguard Group Inc. now owns 33,141,235 shares of the oil and gas producer’s stock valued at $443,761,000 after buying an additional 5,610,066 shares in the last quarter. Key Group Holdings Cayman LTD. boosted its position in WPX Energy by 513.9% in the second quarter. Key Group Holdings Cayman LTD. now owns 4,451,556 shares of the oil and gas producer’s stock valued at $43,002,000 after buying an additional 3,726,451 shares in the last quarter. Balyasny Asset Management LLC boosted its position in WPX Energy by 5,688.3% in the second quarter. Balyasny Asset Management LLC now owns 3,728,177 shares of the oil and gas producer’s stock valued at $36,014,000 after buying an additional 3,663,768 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in WPX Energy by 31.2% in the second quarter. Jennison Associates LLC now owns 10,995,002 shares of the oil and gas producer’s stock valued at $106,212,000 after buying an additional 2,611,802 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for WPX Energy (NYSE:WPX)

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