WPX Energy (NYSE:WPX) was upgraded by research analysts at Seaport Global Securities from a “sell” rating to a “neutral” rating in a report released on Tuesday, The Fly reports.
Other analysts also recently issued reports about the stock. Piper Jaffray Companies reduced their target price on shares of WPX Energy from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, September 18th. Robert W. Baird set a $17.00 target price on shares of WPX Energy and gave the stock an “outperform” rating in a report on Monday. BMO Capital Markets set a $13.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a report on Monday, August 28th. Bank of America assumed coverage on shares of WPX Energy in a report on Monday, October 16th. They issued a “buy” rating on the stock. Finally, Northland Securities set a $20.00 price target on shares of WPX Energy and gave the company a “buy” rating in a report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company. WPX Energy currently has an average rating of “Buy” and an average target price of $15.66.
Shares of WPX Energy (NYSE:WPX) opened at $12.82 on Tuesday. WPX Energy has a fifty-two week low of $8.39 and a fifty-two week high of $15.44. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73.
Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its position in WPX Energy by 21.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 459,423 shares of the oil and gas producer’s stock valued at $5,283,000 after buying an additional 79,897 shares during the period. GeoSphere Capital Management boosted its position in WPX Energy by 25.0% in the 3rd quarter. GeoSphere Capital Management now owns 200,000 shares of the oil and gas producer’s stock valued at $2,300,000 after buying an additional 40,000 shares during the period. Neuberger Berman Group LLC boosted its position in WPX Energy by 1.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,168,398 shares of the oil and gas producer’s stock valued at $24,937,000 after buying an additional 35,629 shares during the period. California Public Employees Retirement System boosted its position in WPX Energy by 1.3% in the 3rd quarter. California Public Employees Retirement System now owns 922,300 shares of the oil and gas producer’s stock valued at $10,606,000 after buying an additional 11,700 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in WPX Energy by 1,829.9% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 150,186 shares of the oil and gas producer’s stock valued at $1,727,000 after buying an additional 142,404 shares during the period. Institutional investors own 99.79% of the company’s stock.
WPX Energy Company Profile
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.
