WPX Energy (WPX) PT Set at $18.00 by Cowen

WPX Energy (NYSE:WPX) received a $18.00 target price from equities research analysts at Cowen in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. Cowen’s price objective indicates a potential upside of 20.89% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Robert W. Baird boosted their target price on shares of WPX Energy from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Monday, December 18th. Bank of America began coverage on shares of WPX Energy in a research report on Monday, October 16th. They set a “buy” rating for the company. BMO Capital Markets set a $14.00 target price on shares of WPX Energy and gave the company a “buy” rating in a research report on Tuesday, October 10th. Credit Suisse Group began coverage on shares of WPX Energy in a research report on Monday, December 11th. They set an “outperform” rating and a $15.00 target price for the company. Finally, Piper Jaffray Companies restated a “hold” rating and set a $17.00 target price on shares of WPX Energy in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $16.55.

Shares of WPX Energy (WPX) traded up $0.30 on Thursday, hitting $14.89. 5,253,427 shares of the stock were exchanged, compared to its average volume of 4,121,817. The stock has a market capitalization of $5,928.56, a price-to-earnings ratio of -31.02, a PEG ratio of 9.45 and a beta of 2.47. 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 $15.17.

WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The company had revenue of $224.00 million during the quarter, compared to the consensus estimate 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 quarterly revenue was down 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.17) earnings per share. equities research analysts forecast that WPX Energy will post -0.46 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of WPX. Key Group Holdings Cayman LTD. raised its position in shares of WPX Energy by 513.9% in the second quarter. Key Group Holdings Cayman LTD. now owns 4,451,556 shares of the oil and gas producer’s stock worth $43,002,000 after acquiring an additional 3,726,451 shares during the period. Balyasny Asset Management LLC raised its position in shares of WPX Energy by 5,688.3% in the second quarter. Balyasny Asset Management LLC now owns 3,728,177 shares of the oil and gas producer’s stock worth $36,014,000 after acquiring an additional 3,663,768 shares during the period. Ameriprise Financial Inc. raised its position in shares of WPX Energy by 57.4% in the third quarter. Ameriprise Financial Inc. now owns 8,773,877 shares of the oil and gas producer’s stock worth $100,865,000 after acquiring an additional 3,200,766 shares during the period. FMR LLC raised its position in shares of WPX Energy by 22.1% in the second quarter. FMR LLC now owns 12,390,649 shares of the oil and gas producer’s stock worth $119,693,000 after acquiring an additional 2,244,508 shares during the period. Finally, Systematic Financial Management LP raised its position in shares of WPX Energy by 108.7% in the third quarter. Systematic Financial Management LP now owns 3,834,934 shares of the oil and gas producer’s stock worth $44,102,000 after acquiring an additional 1,997,566 shares during the period. Institutional investors and hedge funds own 99.78% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/21/wpx-energy-wpx-pt-set-at-18-00-by-cowen.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)

Leave a Reply