Wall Street brokerages forecast that WPX Energy, Inc. (NYSE:WPX) will report sales of $330.96 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for WPX Energy’s earnings. The highest sales estimate is $354.40 million and the lowest is $317.70 million. WPX Energy posted sales of $251.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 31.9%. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, November 1st.

According to Zacks, analysts expect that WPX Energy will report full-year sales of $330.96 million for the current year, with estimates ranging from $1.26 billion to $1.62 billion. For the next financial year, analysts expect that the firm will post sales of $1.92 billion per share, with estimates ranging from $1.68 billion to $2.41 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow WPX Energy.

WPX Energy (NYSE:WPX) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.14) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. The business had revenue of $413.00 million for the quarter, compared to analyst estimates of $301.78 million. During the same quarter in the prior year, the firm posted ($0.28) EPS. The business’s quarterly revenue was up 199.3% compared to the same quarter last year.

A number of analysts recently weighed in on the company. Stifel Nicolaus set a $19.00 price target on WPX Energy and gave the company a “buy” rating in a research note on Thursday. Bank of America Corporation assumed coverage on WPX Energy in a research note on Monday, October 16th. They issued a “buy” rating on the stock. Citigroup Inc. lifted their price target on WPX Energy from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Zacks Investment Research upgraded WPX Energy from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Thursday, October 12th. Finally, BMO Capital Markets set a $14.00 price target on WPX Energy and gave the company a “buy” rating in a research note on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $15.61.

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WPX Energy (NYSE:WPX) opened at 10.91 on Monday. WPX Energy has a 52 week low of $8.39 and a 52 week high of $16.17. The firm’s market capitalization is $4.34 billion. The stock’s 50 day moving average price is $10.86 and its 200 day moving average price is $10.72.

In other news, insider Clay M. Gaspar sold 35,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was 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 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 through this link. Corporate insiders own 1.40% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Crossmark Global Holdings Inc. purchased a new position in WPX Energy in the third quarter valued at about $383,000. Aperio Group LLC boosted its holdings in WPX Energy by 16.1% in the third quarter. Aperio Group LLC now owns 82,752 shares of the oil and gas producer’s stock valued at $952,000 after purchasing an additional 11,505 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in WPX Energy by 11.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,329,425 shares of the oil and gas producer’s stock valued at $61,288,000 after purchasing an additional 555,225 shares during the last quarter. First Trust Advisors LP boosted its holdings in WPX Energy by 6.6% in the third quarter. First Trust Advisors LP now owns 145,306 shares of the oil and gas producer’s stock valued at $1,671,000 after purchasing an additional 9,045 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its holdings in WPX Energy by 8.6% in the third quarter. Nationwide Fund Advisors now owns 732,535 shares of the oil and gas producer’s stock valued at $8,424,000 after purchasing an additional 58,159 shares during the last quarter. 97.75% of the stock is owned by hedge funds and other institutional investors.

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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