Wall Street brokerages forecast that WPX Energy Inc (NYSE:WPX) will post $403.33 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for WPX Energy’s earnings. The lowest sales estimate is $390.00 million and the highest is $440.70 million. WPX Energy posted sales of $236.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 70.9%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that WPX Energy will report full-year sales of $403.33 million for the current year, with estimates ranging from $1.29 billion to $1.62 billion. For the next financial year, analysts forecast that the firm will post sales of $1.88 billion per share, with estimates ranging from $1.78 billion to $2.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover WPX Energy.

WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. WPX Energy had a negative return on equity of 15.34% and a negative net margin of 66.96%. The firm had revenue of $224.00 million during the quarter, compared to the consensus estimate of $334.38 million. During the same quarter in the previous year, the company posted ($0.17) earnings per share. The business’s revenue was down 10.8% on a year-over-year basis.

Several analysts have weighed in on WPX shares. BMO Capital Markets set a $13.00 price objective on WPX Energy and gave the company a “buy” rating in a research report on Monday, August 28th. Citigroup upgraded WPX Energy from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Thursday, November 16th. Bank of America boosted their price objective on WPX Energy from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, November 14th. BidaskClub upgraded WPX Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Stifel Nicolaus set a $19.00 price objective on WPX Energy and gave the company a “buy” rating in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $15.76.

Shares of WPX Energy (WPX) opened at $12.95 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. WPX Energy has a 12-month low of $8.39 and a 12-month high of $15.91.

In other news, insider Clay M. Gaspar sold 35,000 shares of the business’s 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 transaction, the insider now directly owns 506,326 shares of the company’s stock, valued at $5,306,296.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of WPX. Capstone Asset Management Co. grew its stake in WPX Energy by 4.7% in the second quarter. Capstone Asset Management Co. now owns 31,000 shares of the oil and gas producer’s stock worth $299,000 after purchasing an additional 1,400 shares during the period. Aperio Group LLC grew its stake in WPX Energy by 8.0% in the second quarter. Aperio Group LLC now owns 71,247 shares of the oil and gas producer’s stock worth $688,000 after purchasing an additional 5,247 shares during the period. Russell Investments Group Ltd. grew its stake in WPX Energy by 36.8% in the second quarter. Russell Investments Group Ltd. now owns 404,917 shares of the oil and gas producer’s stock worth $3,912,000 after purchasing an additional 108,875 shares during the period. Public Employees Retirement Association of Colorado grew its stake in WPX Energy by 0.4% in 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 period. Finally, Great West Life Assurance Co. Can grew its stake in WPX Energy by 1.8% in the second quarter. Great West Life Assurance Co. Can now owns 242,050 shares of the oil and gas producer’s stock worth $2,335,000 after purchasing an additional 4,356 shares during the period. 99.81% of the stock is currently owned by 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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Earnings History and Estimates for WPX Energy (NYSE:WPX)

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