WPX Energy, Inc. (NYSE:WPX) – Investment analysts at Seaport Global Securities decreased their FY2017 earnings per share (EPS) estimates for WPX Energy in a report released on Monday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas producer will post earnings per share of ($0.53) for the year, down from their prior forecast of ($0.51). Seaport Global Securities currently has a “Sell” rating and a $8.00 target price on the stock. Seaport Global Securities also issued estimates for WPX Energy’s Q4 2017 earnings at ($0.11) EPS, Q1 2018 earnings at ($0.08) EPS, Q2 2018 earnings at ($0.09) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at ($0.07) EPS and FY2018 earnings at ($0.31) EPS.

WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.02. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The firm had revenue of $413.00 million during the quarter, compared to analyst estimates of $301.78 million. During the same quarter in the previous year, the firm earned ($0.28) earnings per share. The firm’s revenue for the quarter was up 199.3% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: “FY2017 EPS Estimates for WPX Energy, Inc. Reduced by Analyst (WPX)” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/10/11/fy2017-eps-estimates-for-wpx-energy-inc-reduced-by-analyst-wpx.html.

A number of other research analysts have also commented on WPX. BMO Capital Markets set a $14.00 target price on WPX Energy and gave the company a “buy” rating in a research note on Tuesday. Stifel Nicolaus set a $17.00 target price on WPX Energy and gave the company a “buy” rating in a research note on Thursday, October 5th. ValuEngine lowered WPX Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. BidaskClub lowered WPX Energy from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Finally, Northland Securities set a $20.00 target price on WPX Energy and gave the company a “buy” rating in a research note on Monday, August 21st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $15.66.

Shares of WPX Energy (WPX) opened at 10.95 on Wednesday. The company’s market cap is $4.36 billion. The firm’s 50-day moving average is $10.61 and its 200 day moving average is $10.91. WPX Energy has a 1-year low of $8.39 and a 1-year high of $16.17.

Hedge funds have recently made changes to their positions in the company. Mitchell Group Inc. grew its holdings in shares of WPX Energy by 15.0% during the second 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 grew its holdings in shares of WPX Energy by 53.7% during the second 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 grew its holdings in shares of WPX Energy by 23.1% during the second 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 grew its holdings in shares of WPX Energy by 87.1% during the second 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 grew its holdings in shares of WPX Energy by 0.4% during the second 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.

In other news, insider Clay M. Gaspar sold 35,000 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $10.48, for a total transaction of $366,800.00. Following the sale, the insider now owns 506,326 shares in the company, valued at $5,306,296.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

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.

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

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