WPX Energy Inc (NYSE:WPX) – Analysts at Piper Jaffray Companies decreased their Q1 2020 earnings per share (EPS) estimates for WPX Energy in a research report issued on Tuesday, June 11th. Piper Jaffray Companies analyst K. Harrison now forecasts that the oil and gas producer will earn $0.22 per share for the quarter, down from their previous estimate of $0.24. Piper Jaffray Companies has a “Buy” rating and a $16.00 price target on the stock. Piper Jaffray Companies also issued estimates for WPX Energy’s Q4 2020 earnings at $0.19 EPS.
Several other research firms also recently commented on WPX. Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Saturday, May 11th. TheStreet lowered shares of WPX Energy from a “b-” rating to a “c” rating in a research report on Thursday, May 2nd. ValuEngine lowered shares of WPX Energy from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. TD Securities dropped their price objective on shares of WPX Energy from $19.00 to $18.50 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, SunTrust Banks set a $21.00 price target on shares of WPX Energy and gave the company a “buy” rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $20.66.
Shares of WPX stock opened at $10.66 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.70 and a quick ratio of 0.64. The company has a market capitalization of $4.66 billion, a PE ratio of 118.44, a P/E/G ratio of 0.71 and a beta of 2.38. WPX Energy has a 52 week low of $9.89 and a 52 week high of $20.80.
WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. WPX Energy had a net margin of 9.50% and a return on equity of 2.15%. The firm had revenue of $359.00 million during the quarter, compared to analysts’ expectations of $547.79 million. During the same period last year, the company posted ($0.06) EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year.
Several institutional investors have recently added to or reduced their stakes in WPX. Phocas Financial Corp. purchased a new stake in WPX Energy in the 4th quarter worth approximately $31,000. IFP Advisors Inc lifted its position in shares of WPX Energy by 309.0% in the 4th quarter. IFP Advisors Inc now owns 4,687 shares of the oil and gas producer’s stock worth $52,000 after purchasing an additional 3,541 shares during the period. Berman Capital Advisors LLC purchased a new stake in shares of WPX Energy in the 4th quarter worth about $60,000. Paragon Capital Management LLC purchased a new position in WPX Energy during the 1st quarter valued at about $66,000. Finally, Quadrant Capital Group LLC lifted its position in WPX Energy by 166.0% during the 1st quarter. Quadrant Capital Group LLC now owns 7,820 shares of the oil and gas producer’s stock valued at $98,000 after acquiring an additional 4,880 shares during the period. 99.18% of the stock is owned by hedge funds and other institutional investors.
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 operates 657 wells and owns interests in 808 wells covering an area of approximately 130,000 net acres located in Delaware Basin, Texas and New Mexico; and operates 323 wells and owns interests in 87 wells that covers an area of approximately 85,087 net acres situated in the Williston Basin, North Dakota.
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