WPX Energy Inc (NYSE:WPX) – Stock analysts at Piper Jaffray Companies dropped their Q1 2019 earnings per share estimates for WPX Energy in a research note issued on Wednesday, January 9th. Piper Jaffray Companies analyst K. Harrison now expects that the oil and gas producer will post earnings of ($0.03) per share for the quarter, down from their prior estimate of $0.11. Piper Jaffray Companies also issued estimates for WPX Energy’s Q2 2019 earnings at ($0.03) EPS, Q3 2019 earnings at ($0.01) EPS, Q4 2019 earnings at $0.02 EPS, FY2019 earnings at ($0.05) EPS, Q1 2020 earnings at $0.02 EPS, Q2 2020 earnings at $0.02 EPS, Q3 2020 earnings at $0.03 EPS, Q4 2020 earnings at $0.06 EPS and FY2020 earnings at $0.13 EPS.
Other research analysts have also issued reports about the stock. Stephens began coverage on shares of WPX Energy in a research note on Thursday, December 6th. They set an “overweight” rating and a $22.00 target price on the stock. ValuEngine downgraded shares of WPX Energy from a “buy” rating to a “hold” rating in a report on Monday, October 29th. Seaport Global Securities set a $28.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a report on Wednesday, October 3rd. Zacks Investment Research upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Wednesday, October 3rd. Finally, Scotiabank restated a “buy” rating and set a $26.00 price objective on shares of WPX Energy in a report on Thursday, September 27th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $21.90.
NYSE:WPX opened at $12.85 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.47 and a current ratio of 0.51. WPX Energy has a 52 week low of $9.89 and a 52 week high of $20.80. The firm has a market capitalization of $5.49 billion, a PE ratio of -30.60, a PEG ratio of 0.46 and a beta of 2.31.
WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, October 31st. The oil and gas producer reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02). WPX Energy had a negative net margin of 15.79% and a positive return on equity of 0.76%. The firm had revenue of $484.00 million during the quarter, compared to the consensus estimate of $514.08 million. During the same period in the prior year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 233.8% compared to the same quarter last year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Three Peaks Capital Management LLC bought a new position in WPX Energy during the third quarter worth about $2,632,000. Mobius Capital Management LLC boosted its position in WPX Energy by 31.1% during the third quarter. Mobius Capital Management LLC now owns 479,023 shares of the oil and gas producer’s stock worth $9,638,000 after purchasing an additional 113,595 shares during the period. Third Point LLC bought a new position in WPX Energy during the third quarter worth about $63,094,000. Renaissance Technologies LLC boosted its position in WPX Energy by 321.1% during the second quarter. Renaissance Technologies LLC now owns 1,310,600 shares of the oil and gas producer’s stock worth $23,630,000 after purchasing an additional 999,400 shares during the period. Finally, Selz Capital LLC bought a new position in WPX Energy during the third quarter worth about $28,079,000. Institutional investors and hedge funds own 94.77% 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's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.
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