Credit Suisse Group started coverage on shares of WPX Energy (NYSE:WPX) in a note issued to investors on Monday, December 11th, MarketBeat reports. The brokerage set an “outperform” rating and a $15.00 price target on the oil and gas producer’s stock. Credit Suisse Group’s price target would suggest a potential upside of 7.91% from the stock’s previous close.
Other analysts have also issued research reports about the stock. BidaskClub lowered shares of WPX Energy from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. ValuEngine lowered shares of WPX Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Piper Jaffray Companies decreased their price target on shares of WPX Energy from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, September 18th. BMO Capital Markets set a $13.00 price target on shares of WPX Energy and gave the company a “buy” rating in a research note on Monday, August 28th. Finally, Bank of America assumed coverage on shares of WPX Energy in a research note on Monday, October 16th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company. WPX Energy has an average rating of “Buy” and an average target price of $15.66.
Shares of WPX Energy (NYSE WPX) traded up $0.13 during mid-day trading on Monday, reaching $13.90. 2,868,368 shares of the company’s stock were exchanged, compared to its average volume of 5,450,173. The company has a market cap of $5,482.62, a price-to-earnings ratio of -28.96 and a beta of 2.48. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. WPX Energy has a fifty-two week low of $8.39 and a fifty-two week high of $15.44.
Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Advisors Inc. OK boosted its holdings in WPX Energy by 2.0% during the 2nd quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock worth $100,000 after acquiring an additional 200 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of WPX Energy in the 2nd quarter worth about $113,000. Commonwealth Equity Services Inc purchased a new position in shares of WPX Energy in the 3rd quarter worth about $137,000. Financial Counselors Inc. boosted its holdings in shares of WPX Energy by 9.0% in the 2nd quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after buying an additional 1,000 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of WPX Energy by 12.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock worth $134,000 after buying an additional 1,540 shares during the last quarter. 99.79% of the stock is currently owned by hedge funds and other institutional investors.
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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.
