WPX Energy, Inc. (WPX) Given New $12.00 Price Target at Piper Jaffray Companies
WPX Energy, Inc. (NYSE:WPX) had its target price decreased by equities research analysts at Piper Jaffray Companies from $15.00 to $12.00 in a research note issued on Monday. The brokerage presently has a “neutral” rating on the oil and gas producer’s stock. Piper Jaffray Companies’ price objective suggests a potential upside of 12.89% from the stock’s previous close.
WPX has been the topic of several other reports. ValuEngine downgraded shares of WPX Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. BidaskClub downgraded shares of WPX Energy from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Northland Securities set a $20.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a research note on Monday, August 21st. Stifel Nicolaus set a $18.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Finally, Barclays PLC set a $10.00 target price on shares of WPX Energy and gave the stock a “hold” rating in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $15.62.
WPX Energy (NYSE WPX) traded up 0.57% during trading on Monday, reaching $10.63. 633,484 shares of the company were exchanged. WPX Energy has a one year low of $8.39 and a one year high of $16.17. The firm’s 50-day moving average is $10.08 and its 200 day moving average is $11.09. The company’s market capitalization is $4.23 billion.
WPX Energy (NYSE:WPX) last posted 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. The firm had revenue of $413.00 million for 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 was up 199.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.28) earnings per share. On average, analysts anticipate that WPX Energy will post ($0.51) EPS for the current fiscal year.
In related news, insider Clay M. Gaspar sold 35,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $10.48, for a total value of $366,800.00. Following the completion of the sale, the insider now directly owns 506,326 shares of the company’s stock, valued at approximately $5,306,296.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Capital Advisors Inc. OK lifted its position in WPX Energy by 2.0% in the second quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 200 shares during the last quarter. Meadow Creek Investment Management LLC lifted its position in WPX Energy by 32.3% in the first quarter. Meadow Creek Investment Management LLC now owns 10,816 shares of the oil and gas producer’s stock worth $145,000 after buying an additional 2,640 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new stake in WPX Energy in the second quarter worth $113,000. Financial Counselors Inc. lifted its position in WPX Energy by 9.0% in the second quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after buying an additional 1,000 shares during the last quarter. Finally, Cadence Capital Management LLC lifted its position in WPX Energy by 14.3% in the first quarter. Cadence Capital Management LLC now owns 12,365 shares of the oil and gas producer’s stock worth $166,000 after buying an additional 1,544 shares during the last quarter. Institutional investors own 97.61% 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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