WPX Energy, Inc. (WPX) to Release Earnings on Wednesday
WPX Energy, Inc. (NYSE:WPX) is set to post its quarterly earnings results after the market closes on Wednesday, November 1st.
WPX Energy (NYSE:WPX) last released its earnings results 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 $413.00 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 was up 199.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.28) EPS. On average, analysts expect WPX Energy to post $-0.50 EPS for the current fiscal year and $-0.13 EPS for the next fiscal year.
Shares of WPX Energy, Inc. (WPX) opened at 10.34 on Wednesday. The firm’s market cap is $4.11 billion. WPX Energy, Inc. has a 12-month low of $8.39 and a 12-month high of $16.17. The firm has a 50-day moving average price of $10.84 and a 200-day moving average price of $10.74.
Several analysts have issued reports on WPX shares. Scotiabank restated a “buy” rating and issued a $19.00 price objective on shares of WPX Energy in a research note on Friday, June 30th. ValuEngine upgraded WPX Energy from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. BidaskClub upgraded WPX Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 6th. Barclays PLC restated a “hold” rating and issued a $8.00 price objective on shares of WPX Energy in a research note on Friday, July 7th. Finally, Citigroup Inc. dropped their price objective on WPX Energy from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. WPX Energy has a consensus rating of “Buy” and an average target price of $15.50.
In related news, insider Clay M. Gaspar sold 35,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $5,306,296.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.40% of the company’s stock.
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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