WPX Energy (NYSE:WPX) received a $18.00 target price from equities research analysts at Cowen in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. Cowen’s price objective indicates a potential upside of 20.89% from the stock’s current price.
Other research analysts also recently issued reports about the stock. Robert W. Baird boosted their target price on shares of WPX Energy from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Monday, December 18th. Bank of America began coverage on shares of WPX Energy in a research report on Monday, October 16th. They set a “buy” rating for the company. BMO Capital Markets set a $14.00 target price on shares of WPX Energy and gave the company a “buy” rating in a research report on Tuesday, October 10th. Credit Suisse Group began coverage on shares of WPX Energy in a research report on Monday, December 11th. They set an “outperform” rating and a $15.00 target price for the company. Finally, Piper Jaffray Companies restated a “hold” rating and set a $17.00 target price on shares of WPX Energy in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $16.55.
Shares of WPX Energy (WPX) traded up $0.30 on Thursday, hitting $14.89. 5,253,427 shares of the stock were exchanged, compared to its average volume of 4,121,817. The stock has a market capitalization of $5,928.56, a price-to-earnings ratio of -31.02, a PEG ratio of 9.45 and a beta of 2.47. 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 12-month low of $8.39 and a 12-month high of $15.17.
Several institutional investors have recently modified their holdings of WPX. Key Group Holdings Cayman LTD. raised its position in shares of WPX Energy by 513.9% in the second quarter. Key Group Holdings Cayman LTD. now owns 4,451,556 shares of the oil and gas producer’s stock worth $43,002,000 after acquiring an additional 3,726,451 shares during the period. Balyasny Asset Management LLC raised its position in shares of WPX Energy by 5,688.3% in the second quarter. Balyasny Asset Management LLC now owns 3,728,177 shares of the oil and gas producer’s stock worth $36,014,000 after acquiring an additional 3,663,768 shares during the period. Ameriprise Financial Inc. raised its position in shares of WPX Energy by 57.4% in the third quarter. Ameriprise Financial Inc. now owns 8,773,877 shares of the oil and gas producer’s stock worth $100,865,000 after acquiring an additional 3,200,766 shares during the period. FMR LLC raised its position in shares of WPX Energy by 22.1% in the second quarter. FMR LLC now owns 12,390,649 shares of the oil and gas producer’s stock worth $119,693,000 after acquiring an additional 2,244,508 shares during the period. Finally, Systematic Financial Management LP raised its position in shares of WPX Energy by 108.7% in the third quarter. Systematic Financial Management LP now owns 3,834,934 shares of the oil and gas producer’s stock worth $44,102,000 after acquiring an additional 1,997,566 shares during the period. Institutional investors and hedge funds own 99.78% of the company’s stock.
About WPX Energy
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.
