Shares of WPX Energy, Inc. (NYSE:WPX) have been assigned a consensus recommendation of “Buy” from the twenty-two research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $15.80.
A number of brokerages have recently issued reports on WPX. BMO Capital Markets raised their target price on shares of WPX Energy from $12.00 to $13.00 and gave the stock a “no rating at time” rating in a research report on Friday, July 14th. ValuEngine upgraded shares of WPX Energy from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Cowen and Company upgraded shares of WPX Energy from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $15.00 to $14.00 in a research report on Thursday, June 22nd. Seaport Global Securities lowered shares of WPX Energy from a “buy” rating to a “sell” rating and lowered their target price for the stock from $17.00 to $6.50 in a research report on Wednesday, June 21st. Finally, Scotiabank restated a “buy” rating and set a $19.00 target price on shares of WPX Energy in a research report on Friday, June 30th.
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Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of WPX Energy by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 33,553,898 shares of the oil and gas producer’s stock worth $324,132,000 after buying an additional 412,663 shares during the last quarter. BlackRock Inc. raised its stake in shares of WPX Energy by 0.6% during the 2nd quarter. BlackRock Inc. now owns 32,391,197 shares of the oil and gas producer’s stock worth $312,901,000 after buying an additional 188,749 shares during the last quarter. State Street Corp raised its stake in shares of WPX Energy by 9.5% during the 2nd quarter. State Street Corp now owns 14,691,763 shares of the oil and gas producer’s stock worth $141,921,000 after buying an additional 1,272,719 shares during the last quarter. FMR LLC raised its stake in shares of WPX Energy by 22.1% during the 2nd quarter. FMR LLC now owns 12,390,649 shares of the oil and gas producer’s stock worth $119,693,000 after buying an additional 2,244,508 shares during the last quarter. Finally, Shapiro Capital Management LLC raised its stake in shares of WPX Energy by 1.5% during the 2nd quarter. Shapiro Capital Management LLC now owns 12,297,864 shares of the oil and gas producer’s stock worth $118,797,000 after buying an additional 177,625 shares during the last quarter. 97.61% of the stock is owned by institutional investors and hedge funds.
Shares of WPX Energy (NYSE:WPX) traded up 2.707% on Tuesday, hitting $10.055. 5,080,237 shares of the stock were exchanged. The stock’s market cap is $4.00 billion. The company’s 50 day moving average is $10.11 and its 200-day moving average is $11.14. WPX Energy has a 52-week low of $8.39 and a 52-week high of $16.17.
WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.02. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The firm had revenue of $413.00 million for the quarter, compared to analyst estimates of $301.78 million. During the same period in the prior year, the firm earned ($0.28) earnings per share. The business’s quarterly revenue was up 199.3% compared to the same quarter last year. Analysts predict that WPX Energy will post ($0.51) EPS for the current fiscal year.
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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