WPX Energy (NYSE:WPX) had its price target upped by equities researchers at Robert W. Baird from $15.00 to $17.00 in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage currently has an “outperform” rating on the oil and gas producer’s stock. Robert W. Baird’s price target suggests a potential upside of 31.89% from the company’s current price.
A number of other analysts have also issued reports on the company. BMO Capital Markets set a $13.00 target price on WPX Energy and gave the company a “buy” rating in a report on Monday, August 28th. Citigroup raised WPX Energy from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, November 16th. Bank of America raised their target price on WPX Energy from $16.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. BidaskClub raised WPX Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Stifel Nicolaus set a $19.00 target price on WPX Energy and gave the company a “buy” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.66.
Shares of WPX Energy (NYSE:WPX) traded up $0.07 during mid-day trading on Monday, hitting $12.89. The company had a trading volume of 3,883,452 shares, compared to its average volume of 7,316,199. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. WPX Energy has a 1-year low of $8.39 and a 1-year high of $15.44.
Large investors have recently made changes to their positions in the company. Capital Advisors Inc. OK grew its holdings in shares of WPX Energy by 2.0% during the 2nd quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock worth $100,000 after purchasing an additional 200 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of WPX Energy during the 2nd quarter worth approximately $113,000. Financial Counselors Inc. grew its holdings in shares of WPX Energy by 9.0% during the 2nd quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after purchasing an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of WPX Energy by 12.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock worth $134,000 after purchasing an additional 1,540 shares in the last quarter. Finally, Commonwealth Equity Services Inc acquired a new stake in shares of WPX Energy during the 3rd quarter worth approximately $137,000. 99.79% 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.
