WPX Energy (NYSE:WPX) has been assigned a $20.00 price objective by analysts at SunTrust Banks in a research note issued on Friday. The firm currently has a “buy” rating on the oil and gas producer’s stock. SunTrust Banks’ price objective would suggest a potential upside of 34.32% from the company’s current price.
A number of other equities research analysts have also issued reports on WPX. Stifel Nicolaus set a $17.00 price target on WPX Energy and gave the stock a “buy” rating in a research note on Thursday, October 5th. Seaport Global Securities reissued a “sell” rating and set a $8.00 price target (up from $7.00) on shares of WPX Energy in a research note on Monday, October 9th. BMO Capital Markets set a $14.00 price target on WPX Energy and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Zacks Investment Research raised WPX Energy from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Thursday, October 12th. Finally, Citigroup lifted their target price on WPX Energy from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the stock. WPX Energy has a consensus rating of “Buy” and an average price target of $16.55.
Shares of WPX Energy (WPX) opened at $14.89 on Friday. WPX Energy has a one year low of $8.39 and a one year 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. The stock has a market capitalization of $5,928.56, a P/E ratio of -31.02, a P/E/G ratio of 9.45 and a beta of 2.47.
WPX Energy (NYSE:WPX) last issued 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 Zacks’ consensus estimate of ($0.12) by $0.02. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. The firm had revenue of $224.00 million during the quarter, compared to analyst estimates of $334.38 million. During the same period last year, the company earned ($0.17) EPS. WPX Energy’s quarterly revenue was down 10.8% compared to the same quarter last year. analysts anticipate that WPX Energy will post -0.46 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of WPX. Key Group Holdings Cayman LTD. raised its position in WPX Energy by 513.9% during the 2nd quarter. Key Group Holdings Cayman LTD. now owns 4,451,556 shares of the oil and gas producer’s stock valued at $43,002,000 after purchasing an additional 3,726,451 shares in the last quarter. Balyasny Asset Management LLC increased its holdings in shares of WPX Energy by 5,688.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 3,728,177 shares of the oil and gas producer’s stock valued at $36,014,000 after acquiring an additional 3,663,768 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of WPX Energy by 57.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,773,877 shares of the oil and gas producer’s stock valued at $100,865,000 after acquiring an additional 3,200,766 shares during the period. FMR LLC increased its holdings in shares of 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 acquiring an additional 2,244,508 shares during the period. Finally, Systematic Financial Management LP increased its holdings in shares of WPX Energy by 108.7% in the 3rd quarter. Systematic Financial Management LP now owns 3,834,934 shares of the oil and gas producer’s stock valued at $44,102,000 after acquiring an additional 1,997,566 shares during the period. 99.78% of the stock is owned by institutional investors and hedge funds.
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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.