FY2020 EPS Estimates for WPX Energy Inc Boosted by SunTrust Banks (WPX)

WPX Energy Inc (NYSE:WPX) – Research analysts at SunTrust Banks raised their FY2020 earnings per share estimates for WPX Energy in a note issued to investors on Tuesday. SunTrust Banks analyst N. Dingmann now forecasts that the oil and gas producer will post earnings per share of $0.59 for the year, up from their prior estimate of $0.57. SunTrust Banks currently has a “Buy” rating and a $20.00 price target on the stock.

Other equities analysts also recently issued reports about the stock. 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 report on Thursday, October 12th. BMO Capital Markets set a $14.00 price target on shares of WPX Energy and gave the company a “buy” rating in a report on Tuesday, October 10th. Citigroup upgraded shares of WPX Energy from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Thursday, November 16th. Bank of America upped their price target on shares of WPX Energy from $16.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, Stifel Nicolaus set a $19.00 price target on shares of WPX Energy and gave the company a “buy” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.45.

Shares of WPX Energy (NYSE WPX) traded down $0.62 during trading hours on Wednesday, reaching $14.00. 6,230,209 shares of the company traded hands, compared to its average volume of 6,094,568. The company has a market cap of $5,629.94, a P/E ratio of -29.63, a price-to-earnings-growth ratio of 10.88 and a beta of 2.48. WPX Energy has a one year low of $8.39 and a one year high of $16.09. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 0.95.

Hedge funds have recently modified their holdings of the business. Parametric Portfolio Associates LLC boosted its stake in shares of WPX Energy by 0.3% during the second quarter. Parametric Portfolio Associates LLC now owns 476,430 shares of the oil and gas producer’s stock valued at $4,602,000 after purchasing an additional 1,198 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of WPX Energy by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 119,329 shares of the oil and gas producer’s stock valued at $1,152,000 after purchasing an additional 1,717 shares in the last quarter. M&T Bank Corp boosted its stake in shares of WPX Energy by 17.2% during the second quarter. M&T Bank Corp now owns 22,451 shares of the oil and gas producer’s stock valued at $217,000 after purchasing an additional 3,290 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of WPX Energy by 16.5% during the second quarter. PNC Financial Services Group Inc. now owns 29,162 shares of the oil and gas producer’s stock valued at $281,000 after purchasing an additional 4,129 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of WPX Energy by 1.5% during the third quarter. Mutual of America Capital Management LLC now owns 328,379 shares of the oil and gas producer’s stock valued at $3,776,000 after purchasing an additional 4,791 shares in the last quarter. Institutional investors and hedge funds own 99.82% of the company’s stock.

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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.

Earnings History and Estimates for WPX Energy (NYSE:WPX)

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