WPX Energy Inc (NYSE:WPX) – Research analysts at Capital One Financial increased their Q3 2020 earnings per share estimates for shares of WPX Energy in a note issued to investors on Wednesday, June 24th. Capital One Financial analyst B. Velie now expects that the oil and gas producer will earn $0.11 per share for the quarter, up from their previous estimate of $0.09. Capital One Financial also issued estimates for WPX Energy’s FY2020 earnings at $0.28 EPS.
Several other equities research analysts also recently commented on the stock. Stifel Nicolaus lifted their target price on shares of WPX Energy from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Wells Fargo & Co cut their target price on shares of WPX Energy from $18.00 to $12.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 10th. Piper Sandler downgraded shares of WPX Energy from an “overweight” rating to a “neutral” rating in a research report on Monday, March 9th. Raymond James downgraded shares of WPX Energy from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $12.00 to $7.00 in a research report on Tuesday, March 17th. Finally, Goldman Sachs Group upgraded shares of WPX Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $5.25 to $6.75 in a research report on Monday, April 27th. Four equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $12.59.
WPX stock opened at $6.30 on Monday. The company’s 50-day moving average price is $6.32 and its two-hundred day moving average price is $8.19. WPX Energy has a 12 month low of $1.94 and a 12 month high of $14.43. The company has a quick ratio of 1.64, a current ratio of 1.68 and a debt-to-equity ratio of 0.63. The firm has a market cap of $3.43 billion, a P/E ratio of -48.46, a P/E/G ratio of 1.42 and a beta of 3.59.
WPX Energy (NYSE:WPX) last issued its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. WPX Energy had a negative net margin of 2.52% and a positive return on equity of 3.13%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $625.59 million. During the same period in the prior year, the firm earned $0.05 earnings per share. The company’s revenue was up 289.4% on a year-over-year basis.
A number of hedge funds have recently made changes to their positions in the business. State Street Corp increased its stake in WPX Energy by 19.8% during the 1st quarter. State Street Corp now owns 18,133,398 shares of the oil and gas producer’s stock valued at $55,307,000 after purchasing an additional 2,997,074 shares in the last quarter. New Mexico Educational Retirement Board increased its stake in WPX Energy by 45.0% during the 1st quarter. New Mexico Educational Retirement Board now owns 99,200 shares of the oil and gas producer’s stock valued at $303,000 after purchasing an additional 30,800 shares in the last quarter. Guggenheim Capital LLC increased its stake in WPX Energy by 8.7% during the 1st quarter. Guggenheim Capital LLC now owns 126,837 shares of the oil and gas producer’s stock valued at $387,000 after purchasing an additional 10,168 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in WPX Energy by 31.5% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 69,128 shares of the oil and gas producer’s stock worth $211,000 after acquiring an additional 16,559 shares during the last quarter. Finally, FDx Advisors Inc. purchased a new position in WPX Energy during the 1st quarter worth $79,000. Institutional investors and hedge funds own 98.00% of the company’s stock.
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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