WPX Energy (NYSE:WPX) received a $17.00 target price from investment analysts at Northland Securities in a research note issued on Monday. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. Northland Securities’ price target points to a potential upside of 31.68% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on WPX. ValuEngine downgraded WPX Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Stifel Nicolaus set a $18.00 price target on WPX Energy and gave the company a “buy” rating in a research report on Wednesday, August 16th. BidaskClub downgraded WPX Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. J P Morgan Chase & Co reissued an “overweight” rating and set a $17.00 price target (up previously from $16.00) on shares of WPX Energy in a research report on Thursday, August 24th. Finally, BMO Capital Markets set a $13.00 price target on WPX Energy and gave the company a “buy” rating in a research report on Monday, August 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $15.76.
WPX Energy (NYSE:WPX) traded up $0.27 during mid-day trading on Monday, reaching $12.91. The company’s stock had a trading volume of 5,183,400 shares, compared to its average volume of 7,364,021. WPX Energy has a 1 year low of $8.39 and a 1 year high of $15.91. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 0.73.
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. 1.40% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Capital Advisors Inc. OK boosted its holdings 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 valued at $100,000 after purchasing an additional 200 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new position in WPX Energy in the second quarter valued at about $113,000. Commonwealth Equity Services Inc purchased a new position in WPX Energy in the third quarter valued at about $137,000. Financial Counselors Inc. boosted its holdings 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 valued at $117,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in WPX Energy by 12.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock valued at $134,000 after purchasing an additional 1,540 shares during the last quarter. 99.81% of the stock is owned by hedge funds and other institutional investors.
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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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