Wall Street brokerages expect WPX Energy Inc (NYSE:WPX) to post $600.05 million in sales for the current fiscal quarter, Zacks reports. Eleven analysts have made estimates for WPX Energy’s earnings, with the highest sales estimate coming in at $720.00 million and the lowest estimate coming in at $535.00 million. WPX Energy reported sales of $439.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 36.7%. The company is scheduled to report its next earnings report on Wednesday, February 20th.
According to Zacks, analysts expect that WPX Energy will report full-year sales of $1.94 billion for the current financial year, with estimates ranging from $1.75 billion to $2.38 billion. For the next fiscal year, analysts expect that the business will post sales of $2.78 billion, with estimates ranging from $2.43 billion to $3.43 billion. Zacks’ sales averages are an average based on a survey of research firms that follow WPX Energy.
WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, October 31st. The oil and gas producer reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). WPX Energy had a positive return on equity of 0.76% and a negative net margin of 15.79%. The firm had revenue of $484.00 million during the quarter, compared to the consensus estimate of $514.08 million. During the same quarter last year, the company posted ($0.10) EPS. WPX Energy’s revenue for the quarter was up 233.8% on a year-over-year basis.
WPX has been the subject of several recent analyst reports. Zacks Investment Research cut shares of WPX Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. TD Securities decreased their target price on shares of WPX Energy from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. Jefferies Financial Group initiated coverage on shares of WPX Energy in a research report on Friday, September 28th. They issued a “buy” rating and a $28.00 target price for the company. Wells Fargo & Co initiated coverage on shares of WPX Energy in a research report on Tuesday, October 23rd. They issued an “outperform” rating and a $27.00 target price for the company. Finally, Raymond James upgraded shares of WPX Energy from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price for the company in a research report on Monday, August 6th. Three investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $23.12.
Large investors have recently modified their holdings of the company. Cornerstone Wealth Management LLC acquired a new stake in shares of WPX Energy in the 2nd quarter worth approximately $206,000. Qube Research & Technologies Ltd acquired a new stake in shares of WPX Energy in the 2nd quarter worth approximately $108,000. Hartford Financial Management Inc. acquired a new stake in shares of WPX Energy in the 2nd quarter worth approximately $108,000. Meeder Asset Management Inc. acquired a new stake in shares of WPX Energy in the 3rd quarter worth approximately $159,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of WPX Energy by 321.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,237 shares of the oil and gas producer’s stock worth $158,000 after acquiring an additional 6,281 shares during the period. 93.90% of the stock is owned by institutional investors.
NYSE WPX opened at $15.54 on Friday. WPX Energy has a 52 week low of $11.58 and a 52 week high of $20.80. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of -37.00 and a beta of 2.34.
About WPX Energy
WPX Energy, Inc, an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.
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