Shares of WPX Energy Inc (NYSE:WPX) have earned an average rating of “Buy” from the twenty-one ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $16.25.

Several analysts recently issued reports on the stock. Seaport Global Securities upgraded shares of WPX Energy from a “sell” rating to a “neutral” rating in a research report on Tuesday, December 19th. Piper Jaffray Companies reiterated a “hold” rating and set a $14.00 price target on shares of WPX Energy in a research report on Wednesday, November 22nd. Stifel Nicolaus set a $17.00 price target on shares of WPX Energy and gave the stock a “buy” rating in a research report on Thursday, October 5th. Zacks Investment Research upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Thursday, October 12th. Finally, Bank of America assumed coverage on shares of WPX Energy in a research report on Monday, October 16th. They set a “buy” rating on the stock.

A number of institutional investors have recently modified their holdings of the business. Dalton Greiner Hartman Maher & Co. boosted its position in WPX Energy by 93.6% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 2,606,321 shares of the oil and gas producer’s stock valued at $36,671,000 after buying an additional 1,259,799 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in WPX Energy by 21.1% in the third quarter. Public Employees Retirement System of Ohio now owns 459,423 shares of the oil and gas producer’s stock valued at $5,283,000 after buying an additional 79,897 shares in the last quarter. GeoSphere Capital Management boosted its position in WPX Energy by 25.0% in the third quarter. GeoSphere Capital Management now owns 200,000 shares of the oil and gas producer’s stock valued at $2,300,000 after buying an additional 40,000 shares in the last quarter. Neuberger Berman Group LLC boosted its position in WPX Energy by 1.7% in the third quarter. Neuberger Berman Group LLC now owns 2,168,398 shares of the oil and gas producer’s stock valued at $24,937,000 after buying an additional 35,629 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in WPX Energy by 1.3% in the third quarter. California Public Employees Retirement System now owns 922,300 shares of the oil and gas producer’s stock valued at $10,606,000 after buying an additional 11,700 shares in the last quarter. Hedge funds and other institutional investors own 99.78% of the company’s stock.

WPX Energy (NYSE WPX) traded up $0.12 during midday trading on Monday, hitting $15.07. 5,264,200 shares of the company traded hands, compared to its average volume of 5,201,178. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 0.95. The firm has a market cap of $6,000.22, a price-to-earnings ratio of -31.40, a price-to-earnings-growth ratio of 10.58 and a beta of 2.47. WPX Energy has a twelve month low of $8.39 and a twelve month high of $15.13.

WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The business had revenue of $224.00 million for the quarter, compared to analyst estimates of $334.38 million. WPX Energy had a negative net margin of 12.65% and a negative return on equity of 5.20%. The firm’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.17) EPS. equities research analysts predict that WPX Energy will post -0.46 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/15/wpx-energy-inc-wpx-given-average-rating-of-buy-by-brokerages.html.

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.

Analyst Recommendations for WPX Energy (NYSE:WPX)

Receive News & Ratings for WPX Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy and related companies with MarketBeat.com's FREE daily email newsletter.