Equities analysts forecast that WPX Energy, Inc. (NYSE:WPX) will announce $330.44 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for WPX Energy’s earnings. The lowest sales estimate is $317.70 million and the highest is $351.50 million. WPX Energy reported sales of $251.00 million in the same quarter last year, which indicates a positive year over year growth rate of 31.6%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, November 1st.

On average, analysts expect that WPX Energy will report full-year sales of $330.44 million for the current financial year, with estimates ranging from $1.26 billion to $1.62 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.93 billion per share, with estimates ranging from $1.68 billion to $2.43 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover WPX Energy.

WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. The firm had revenue of $413.00 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 199.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.28) earnings per share.

WPX has been the topic of a number of research analyst reports. BMO Capital Markets set a $13.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a research report on Monday, August 28th. BidaskClub raised shares of WPX Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Scotiabank reissued a “buy” rating and set a $19.00 price objective on shares of WPX Energy in a research report on Friday, June 30th. Barclays PLC reissued a “hold” rating and set a $8.00 price objective on shares of WPX Energy in a research report on Friday, July 7th. Finally, Cowen and Company raised shares of WPX Energy from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $15.00 to $14.00 in a research report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the stock. WPX Energy has an average rating of “Buy” and a consensus target price of $15.66.

In other news, insider Clay M. Gaspar sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $10.48, for a total transaction of $366,800.00. Following the completion of the sale, the insider now owns 506,326 shares in the company, valued at approximately $5,306,296.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Mitchell Group Inc. increased its stake in shares of WPX Energy by 15.0% during the 2nd quarter. Mitchell Group Inc. now owns 2,083,700 shares of the oil and gas producer’s stock worth $20,129,000 after purchasing an additional 271,120 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of WPX Energy by 53.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 583,368 shares of the oil and gas producer’s stock worth $5,635,000 after purchasing an additional 203,941 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of WPX Energy by 23.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 215,811 shares of the oil and gas producer’s stock worth $2,085,000 after purchasing an additional 40,522 shares during the last quarter. Gagnon Advisors LLC increased its stake in shares of WPX Energy by 87.1% during the 2nd quarter. Gagnon Advisors LLC now owns 368,416 shares of the oil and gas producer’s stock worth $3,559,000 after purchasing an additional 171,487 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its stake in shares of WPX Energy by 0.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 65,020 shares of the oil and gas producer’s stock worth $628,000 after purchasing an additional 264 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

WPX Energy (NYSE WPX) traded up 0.64% on Wednesday, reaching $11.02. The company’s stock had a trading volume of 2,218,502 shares. The company’s market cap is $4.38 billion. WPX Energy has a 12 month low of $8.39 and a 12 month high of $16.17. The stock’s 50 day moving average price is $10.61 and its 200 day moving average price is $10.91.

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WPX Energy Company Profile

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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Earnings History and Estimates for WPX Energy (NYSE:WPX)

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