WPX Energy Inc (NYSE:WPX) has received an average rating of “Buy” from the twenty-nine brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and twenty-five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $20.44.
Several equities analysts have commented on WPX shares. Piper Jaffray Companies set a $16.00 price target on shares of WPX Energy and gave the company a “buy” rating in a research note on Friday, April 5th. Northland Securities reiterated a “buy” rating and issued a $20.00 price target on shares of WPX Energy in a research note on Tuesday, April 2nd. TD Securities dropped their price target 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. SunTrust Banks set a $21.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Finally, MKM Partners initiated coverage on shares of WPX Energy in a research report on Thursday, June 13th. They set a “buy” rating and a $15.00 target price on the stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA acquired a new stake in shares of WPX Energy during the fourth quarter worth $52,591,000. Yaupon Capital Management LP acquired a new stake in shares of WPX Energy during the fourth quarter worth $6,735,000. New York State Common Retirement Fund lifted its holdings in shares of WPX Energy by 11.8% during 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 purchasing an additional 178,083 shares during the period. RMB Capital Management LLC lifted its holdings in shares of WPX Energy by 235.6% during 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 purchasing an additional 193,054 shares during the period. Finally, Vanguard Group Inc lifted its holdings in shares of WPX Energy by 5.3% during 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 purchasing an additional 1,847,610 shares during the period. 98.37% of the stock is owned by hedge funds and other institutional investors.
WPX Energy stock traded up $0.24 during mid-day trading on Monday, hitting $11.51. The company had a trading volume of 8,767,010 shares, compared to its average volume of 6,587,787. The stock has a market cap of $4.76 billion, a PE ratio of 127.89, a price-to-earnings-growth ratio of 0.96 and a beta of 2.38. WPX Energy has a 1 year low of $9.89 and a 1 year high of $20.80. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.64 and a current ratio of 0.70. The business has a fifty day moving average of $11.41.
WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The company had revenue of $359.00 million for the quarter, compared to analyst estimates of $547.79 million. WPX Energy had a net margin of 9.50% and a return on equity of 2.15%. The firm’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) earnings per share. As a group, equities analysts expect that WPX Energy will post 0.42 EPS for the current year.
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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