WPX Energy Inc (NYSE:WPX) – Equities researchers at Piper Jaffray Companies dropped their Q3 2019 earnings per share estimates for WPX Energy in a research note issued on Tuesday, June 11th. Piper Jaffray Companies analyst K. Harrison now forecasts that the oil and gas producer will post earnings per share of $0.17 for the quarter, down from their previous estimate of $0.19. Piper Jaffray Companies currently has a “Buy” rating and a $16.00 price target on the stock. Piper Jaffray Companies also issued estimates for WPX Energy’s Q4 2019 earnings at $0.17 EPS, FY2019 earnings at $0.53 EPS, Q2 2020 earnings at $0.20 EPS, Q3 2020 earnings at $0.19 EPS and FY2020 earnings at $0.80 EPS.
Several other brokerages have also weighed in on WPX. SunTrust Banks set a $21.00 target price on shares of WPX Energy and gave the company a “buy” rating in a research report on Tuesday, April 23rd. KeyCorp boosted their price target on shares of WPX Energy from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Williams Capital restated a “buy” rating and issued a $21.00 price target on shares of WPX Energy in a research report on Thursday, February 21st. Northland Securities restated a “buy” rating and issued a $20.00 price target on shares of WPX Energy in a research report on Tuesday, April 2nd. Finally, Mizuho restated a “hold” rating and issued a $14.00 price target on shares of WPX Energy in a research report on Thursday, February 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $20.44.
Shares of WPX Energy stock opened at $10.77 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.58. WPX Energy has a twelve month low of $9.89 and a twelve month high of $20.80. The stock has a market cap of $4.50 billion, a PE ratio of 119.67, a price-to-earnings-growth ratio of 0.70 and a beta of 2.38.
WPX Energy (NYSE:WPX) last issued its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.05 earnings per share for the quarter, beating the 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 business had revenue of $359.00 million for the quarter, compared to analyst estimates of $547.79 million. During the same period in the previous year, the business earned ($0.06) EPS. The firm’s revenue was down 4.0% on a year-over-year basis.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA bought a new position in shares of WPX Energy in the fourth quarter worth about $52,591,000. Yaupon Capital Management LP bought a new position in shares of WPX Energy in the fourth quarter worth about $6,735,000. New York State Common Retirement Fund raised its stake in shares of WPX Energy by 11.8% in the first quarter. New York State Common Retirement Fund now owns 1,692,424 shares of the oil and gas producer’s stock worth $22,188,000 after acquiring an additional 178,083 shares during the last quarter. RMB Capital Management LLC raised its stake in shares of WPX Energy by 235.6% in the fourth quarter. RMB Capital Management LLC now owns 274,980 shares of the oil and gas producer’s stock worth $3,121,000 after acquiring an additional 193,054 shares during the last quarter. Finally, Vanguard Group Inc raised its stake in shares of WPX Energy by 5.3% in the third quarter. Vanguard Group Inc now owns 36,939,299 shares of the oil and gas producer’s stock worth $743,219,000 after acquiring an additional 1,847,610 shares during the last quarter. 99.18% of the stock is owned by institutional investors.
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 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.
Featured Story: The Discount Rate – What You Need to Know
Receive News & Ratings for WPX Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy and related companies with MarketBeat.com's FREE daily email newsletter.