WPX Energy Inc (NYSE:WPX) – Equities research analysts at Capital One Financial lowered their FY2019 EPS estimates for shares of WPX Energy in a research report issued to clients and investors on Tuesday, September 24th, according to Zacks Investment Research. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings of $0.34 per share for the year, down from their prior estimate of $0.41. Capital One Financial also issued estimates for WPX Energy’s FY2020 earnings at $0.54 EPS.
WPX Energy (NYSE:WPX) last issued its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm had revenue of $695.00 million during the quarter, compared to the consensus estimate of $566.34 million. WPX Energy had a return on equity of 2.28% and a net margin of 23.59%. The company’s quarterly revenue was up 61.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 earnings per share.
Other analysts also recently issued reports about the company. Barclays set a $14.00 price objective on WPX Energy and gave the stock a “buy” rating in a research note on Friday, August 30th. ValuEngine raised WPX Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 30th. Citigroup reduced their target price on WPX Energy from $18.00 to $17.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Cfra reaffirmed a “buy” rating and issued a $11.00 target price on shares of WPX Energy in a report on Wednesday, September 25th. Finally, Piper Jaffray Companies set a $14.00 target price on WPX Energy and gave the company a “buy” rating in a report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. WPX Energy has a consensus rating of “Buy” and an average target price of $17.41.
Shares of WPX Energy stock traded up $0.18 on Friday, hitting $10.32. The company had a trading volume of 6,724,575 shares, compared to its average volume of 9,468,502. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 114.67, a P/E/G ratio of 0.95 and a beta of 2.11. WPX Energy has a 1 year low of $8.79 and a 1 year high of $19.08. The stock has a 50 day moving average of $10.59 and a 200-day moving average of $11.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.71 and a current ratio of 0.75.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in WPX Energy by 1.4% during the second quarter. Vanguard Group Inc. now owns 38,963,238 shares of the oil and gas producer’s stock valued at $448,467,000 after purchasing an additional 535,995 shares during the period. BlackRock Inc. lifted its position in shares of WPX Energy by 1.2% during the second quarter. BlackRock Inc. now owns 35,615,086 shares of the oil and gas producer’s stock worth $409,929,000 after acquiring an additional 417,423 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of WPX Energy by 10.4% during the first quarter. Neuberger Berman Group LLC now owns 11,825,874 shares of the oil and gas producer’s stock worth $155,038,000 after acquiring an additional 1,116,833 shares in the last quarter. Jennison Associates LLC lifted its position in shares of WPX Energy by 0.7% during the second quarter. Jennison Associates LLC now owns 10,610,832 shares of the oil and gas producer’s stock worth $122,131,000 after acquiring an additional 70,810 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of WPX Energy by 32.3% during the second quarter. Wells Fargo & Company MN now owns 8,119,992 shares of the oil and gas producer’s stock worth $93,461,000 after acquiring an additional 1,980,581 shares in the last quarter. 97.65% of the stock is owned by institutional investors and hedge funds.
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.
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