WPX Energy, Inc. (NYSE:WPX) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other analysts also recently issued reports on WPX. Northland Securities set a $20.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a report on Monday, August 21st. Stifel Nicolaus set a $18.00 price target on shares of WPX Energy and gave the stock a “buy” rating in a report on Wednesday, August 16th. ValuEngine downgraded shares of WPX Energy from a “hold” rating to a “sell” rating in a report on Monday, August 14th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $17.00 price target (up previously from $16.00) on shares of WPX Energy in a report on Thursday. Finally, Barclays PLC set a $10.00 price target on shares of WPX Energy and gave the stock a “hold” rating in a report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. WPX Energy has an average rating of “Buy” and an average price target of $15.90.

WPX Energy (NYSE:WPX) traded up 0.30% during trading on Friday, hitting $9.94. The stock had a trading volume of 2,960,510 shares. The stock has a 50-day moving average price of $10.06 and a 200-day moving average price of $11.42. The company’s market cap is $3.95 billion. WPX Energy has a 52 week low of $8.39 and a 52 week high of $16.17.

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, beating the Zacks’ 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 net margin of 18.38% and a negative return on equity of 5.99%. The business’s revenue for the quarter was up 199.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.28) EPS. Equities analysts predict that WPX Energy will post ($0.52) EPS for the current year.

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A number of institutional investors have recently made changes to their positions in WPX. Dynamic Technology Lab Private Ltd boosted its position in shares of WPX Energy by 204.6% in the second quarter. Dynamic Technology Lab Private Ltd now owns 118,950 shares of the oil and gas producer’s stock valued at $1,150,000 after buying an additional 79,893 shares during the period. Public Employees Retirement System of Ohio boosted its stake in WPX Energy by 8.4% in the second quarter. Public Employees Retirement System of Ohio now owns 379,526 shares of the oil and gas producer’s stock valued at $3,666,000 after buying an additional 29,378 shares during the period. Ameritas Investment Partners Inc. boosted its stake in WPX Energy by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 119,329 shares of the oil and gas producer’s stock valued at $1,152,000 after buying an additional 1,717 shares during the period. Financial Partners Capital Management LLC boosted its stake in WPX Energy by 42.9% in the second quarter. Financial Partners Capital Management LLC now owns 32,987 shares of the oil and gas producer’s stock valued at $319,000 after buying an additional 9,900 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in WPX Energy by 2.3% in the second quarter. The Manufacturers Life Insurance Company now owns 585,441 shares of the oil and gas producer’s stock valued at $5,655,000 after buying an additional 13,365 shares during the period. Hedge funds and other institutional investors own 96.03% 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.

Analyst Recommendations for WPX Energy (NYSE:WPX)

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