Brokerages expect WPX Energy Inc (NYSE:WPX) to announce sales of $406.69 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for WPX Energy’s earnings, with the highest sales estimate coming in at $440.70 million and the lowest estimate coming in at $387.00 million. WPX Energy reported sales of $236.00 million in the same quarter last year, which indicates a positive year over year growth rate of 72.3%. The firm is expected to report its next earnings report on Wednesday, February 28th.

On average, analysts expect that WPX Energy will report full-year sales of $406.69 million for the current financial year, with estimates ranging from $1.28 billion to $1.64 billion. For the next financial year, analysts forecast that the firm will post sales of $1.90 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 firms that that provide coverage for WPX Energy.

WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $224.00 million during the quarter, compared to the consensus estimate of $334.38 million. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. The firm’s revenue was down 10.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.17) EPS.

A number of brokerages have recently issued reports on WPX. Seaport Global Securities raised WPX Energy from a “sell” rating to a “neutral” rating in a research note on Tuesday, December 19th. Piper Jaffray Companies reissued a “hold” rating and set a $14.00 target price on shares of WPX Energy in a research note on Wednesday, November 22nd. Stifel Nicolaus set a $17.00 target price on WPX Energy and gave the stock a “buy” rating in a research note on Thursday, October 5th. Zacks Investment Research raised WPX Energy from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Thursday, October 12th. Finally, Bank of America began coverage on WPX Energy in a research note on Monday, October 16th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company’s stock. WPX Energy currently has an average rating of “Buy” and an average price target of $15.82.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in WPX Energy by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 33,553,898 shares of the oil and gas producer’s stock valued at $324,132,000 after purchasing an additional 412,663 shares in the last quarter. BlackRock Inc. increased its stake in WPX Energy by 0.6% in the 2nd quarter. BlackRock Inc. now owns 32,391,197 shares of the oil and gas producer’s stock valued at $312,901,000 after purchasing an additional 188,749 shares in the last quarter. State Street Corp increased its stake in WPX Energy by 9.5% in the 2nd quarter. State Street Corp now owns 14,691,763 shares of the oil and gas producer’s stock valued at $141,921,000 after purchasing an additional 1,272,719 shares in the last quarter. FMR LLC increased its stake in WPX Energy by 22.1% in the 2nd quarter. FMR LLC now owns 12,390,649 shares of the oil and gas producer’s stock valued at $119,693,000 after purchasing an additional 2,244,508 shares in the last quarter. Finally, Shapiro Capital Management LLC increased its stake in WPX Energy by 1.5% in the 2nd quarter. Shapiro Capital Management LLC now owns 12,297,864 shares of the oil and gas producer’s stock valued at $118,797,000 after purchasing an additional 177,625 shares in the last quarter. 99.78% of the stock is owned by hedge funds and other institutional investors.

Shares of WPX Energy (WPX) traded down $0.30 during mid-day trading on Tuesday, hitting $14.77. The stock had a trading volume of 6,650,300 shares, compared to its average volume of 5,290,000. The stock has a market cap of $5,880.00, a P/E ratio of -30.14, a price-to-earnings-growth ratio of 10.58 and a beta of 2.46. WPX Energy has a fifty-two week low of $8.39 and a fifty-two week high of $15.17. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73.

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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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