Janus Henderson Group PLC lifted its holdings in shares of WPX Energy Inc (NYSE:WPX) by 75.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 700,100 shares of the oil and gas producer’s stock after acquiring an additional 301,200 shares during the quarter. Janus Henderson Group PLC owned approximately 0.17% of WPX Energy worth $14,086,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of WPX. Hartford Financial Management Inc. bought a new position in shares of WPX Energy during the 2nd quarter worth approximately $108,000. Qube Research & Technologies Ltd bought a new position in shares of WPX Energy during the 2nd quarter worth approximately $108,000. Meeder Asset Management Inc. bought a new position in shares of WPX Energy during the 3rd quarter worth approximately $159,000. Usca Ria LLC bought a new position in shares of WPX Energy during the 2nd quarter worth approximately $186,000. Finally, Advisor Partners LLC bought a new position in shares of WPX Energy during the 3rd quarter worth approximately $204,000. Institutional investors own 94.82% of the company’s stock.
Several brokerages have recently commented on WPX. Seaport Global Securities set a $28.00 target price on WPX Energy and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. Zacks Investment Research upgraded WPX Energy from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Wednesday, October 3rd. Jefferies Financial Group started coverage on WPX Energy in a research note on Friday, September 28th. They set a “buy” rating and a $28.00 target price for the company. Scotiabank restated a “buy” rating and issued a $26.00 price target on shares of WPX Energy in a research note on Thursday, September 27th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $26.00 price target on shares of WPX Energy in a research note on Thursday, August 30th. Two investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. WPX Energy currently has an average rating of “Buy” and an average price target of $22.75.
Shares of NYSE WPX opened at $13.20 on Friday. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of -31.43 and a beta of 2.40. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.57. WPX Energy Inc has a fifty-two week low of $12.29 and a fifty-two week high of $20.80.
WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, October 31st. The oil and gas producer reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). The company had revenue of $484.00 million during the quarter, compared to analyst estimates of $514.08 million. WPX Energy had a negative net margin of 15.79% and a positive return on equity of 0.76%. WPX Energy’s revenue was up 233.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.10) earnings per share. As a group, equities research analysts forecast that WPX Energy Inc will post 0.17 EPS for the current fiscal year.
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WPX Energy Company Profile
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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