Shares of WPX Energy, Inc. (NYSE:WPX) have been given an average rating of “Buy” by the twenty-two research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and eighteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $15.98.
A number of brokerages have issued reports on WPX. Barclays PLC set a $10.00 price target on WPX Energy and gave the stock a “hold” rating in a research note on Friday, August 4th. Piper Jaffray Companies reiterated a “hold” rating and issued a $14.00 price target on shares of WPX Energy in a research note on Wednesday. Stifel Nicolaus set a $17.00 price target on WPX Energy and gave the stock a “buy” rating in a research note on Thursday, October 5th. Zacks Investment Research upgraded WPX Energy from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Thursday, October 12th. Finally, Bank of America Corporation started coverage on WPX Energy in a research report on Monday, October 16th. They set a “buy” rating for the company.
In other news, insider Clay M. Gaspar sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $10.48, for a total transaction of $366,800.00. Following the transaction, the insider now directly owns 506,326 shares of the company’s stock, valued at $5,306,296.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.
Large investors have recently modified their holdings of the company. Capital Advisors Inc. OK increased its holdings in WPX Energy by 2.0% during the second quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock valued at $100,000 after buying an additional 200 shares during the period. Public Employees Retirement Association of Colorado grew its holdings in WPX Energy by 0.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 65,020 shares of the oil and gas producer’s stock worth $628,000 after purchasing an additional 264 shares during the last quarter. Robotti Robert grew its holdings in WPX Energy by 0.9% in the second quarter. Robotti Robert now owns 52,750 shares of the oil and gas producer’s stock worth $499,000 after purchasing an additional 450 shares during the last quarter. World Asset Management Inc grew its holdings in WPX Energy by 2.8% in the second quarter. World Asset Management Inc now owns 25,120 shares of the oil and gas producer’s stock worth $243,000 after purchasing an additional 683 shares during the last quarter. Finally, Financial Counselors Inc. grew its holdings in WPX Energy by 9.0% in the second quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after purchasing an additional 1,000 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.
WPX Energy (NYSE WPX) traded up $0.13 during trading hours on Friday, hitting $12.65. The stock had a trading volume of 2,680,000 shares, compared to its average volume of 7,041,547. 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 52-week low of $8.39 and a 52-week high of $16.17.
WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. The firm had revenue of $224.00 million during the quarter, compared to analyst estimates of $334.38 million. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. WPX Energy’s revenue was down 10.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.17) EPS. sell-side analysts expect that WPX Energy will post -0.47 EPS for the current fiscal year.
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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.
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