Credit Agricole S A Purchases Shares of 8,383 WPX Energy Inc (WPX)

Credit Agricole S A purchased a new position in shares of WPX Energy Inc (NYSE:WPX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,383 shares of the oil and gas producer’s stock, valued at approximately $122,000.

Other hedge funds also recently modified their holdings of the company. Bayesian Capital Management LP purchased a new position in shares of WPX Energy during the fourth quarter worth $610,000. Waratah Capital Advisors Ltd. purchased a new position in shares of WPX Energy during the fourth quarter worth $5,679,000. Precocity Capital LP purchased a new position in shares of WPX Energy during the fourth quarter worth $7,285,000. Amtrust Financial Services Inc. bought a new stake in WPX Energy during the fourth quarter valued at approximately $152,000. Finally, FMR LLC boosted its stake in WPX Energy by 67.9% in the fourth quarter. FMR LLC now owns 9,669,321 shares of the oil and gas producer’s stock valued at $140,882,000 after buying an additional 3,910,691 shares in the last quarter. 82.08% of the stock is owned by institutional investors and hedge funds.

WPX Energy Inc (NYSE:WPX) traded down 1.06% during midday trading on Friday, hitting $12.08. 7,408,630 shares of the stock traded hands. WPX Energy Inc has a 52 week low of $8.03 and a 52 week high of $16.17. The stock’s 50-day moving average price is $12.66 and its 200 day moving average price is $13.24. The company’s market capitalization is $4.79 billion.

WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, February 22nd. The oil and gas producer reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.01. The firm had revenue of $88 million for the quarter, compared to the consensus estimate of $276.41 million. WPX Energy had a negative net margin of 178.46% and a negative return on equity of 7.94%. The firm’s revenue was down 77.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.08) earnings per share. On average, equities research analysts predict that WPX Energy Inc will post ($0.58) EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Credit Agricole S A Purchases Shares of 8,383 WPX Energy Inc (WPX)” was first published by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://transcriptdaily.com/2017/04/22/credit-agricole-s-a-purchases-shares-of-8383-wpx-energy-inc-wpx.html.

Several brokerages have issued reports on WPX. FBR & Co reiterated a “buy” rating and issued a $19.00 price target on shares of WPX Energy in a research note on Monday, April 17th. Zacks Investment Research lowered shares of WPX Energy from a “buy” rating to a “hold” rating in a research note on Monday, February 27th. Scotiabank reiterated a “buy” rating and issued a $23.00 price target on shares of WPX Energy in a research note on Thursday, February 23rd. BMO Capital Markets upgraded shares of WPX Energy from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 31st. Finally, Seaport Global Securities upgraded shares of WPX Energy from a “neutral” rating to a “buy” rating in a research note on Friday, March 31st. Two equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $15.99.

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.