WPX Energy Inc (NYSE:WPX) – US Capital Advisors boosted their Q1 2019 earnings per share estimates for shares of WPX Energy in a report released on Monday, April 22nd. US Capital Advisors analyst C. Horwitz now anticipates that the oil and gas producer will earn $0.01 per share for the quarter, up from their previous estimate of ($0.01). US Capital Advisors also issued estimates for WPX Energy’s FY2019 earnings at $0.34 EPS, FY2020 earnings at $0.97 EPS and FY2021 earnings at $1.07 EPS.
WPX Energy (NYSE:WPX) last released its quarterly earnings data on Wednesday, February 20th. The oil and gas producer reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03). The company had revenue of $554.00 million during the quarter, compared to analysts’ expectations of $550.84 million. WPX Energy had a net margin of 6.54% and a return on equity of 1.09%. WPX Energy’s quarterly revenue was up 55.6% on a year-over-year basis. During the same period last year, the firm earned ($0.02) earnings per share.
Several other equities research analysts have also recently issued reports on the stock. Barclays set a $18.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a research report on Thursday, February 28th. B. Riley set a $13.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a research report on Sunday, December 30th. Williams Capital initiated coverage on shares of WPX Energy in a research report on Tuesday, January 8th. They issued a “buy” rating and a $21.00 price objective for the company. Mizuho initiated coverage on shares of WPX Energy in a research report on Tuesday, January 29th. They issued a “neutral” rating and a $14.00 price objective for the company. Finally, Raymond James set a $21.00 price target on shares of WPX Energy and gave the stock a “buy” rating in a research report on Sunday, December 30th. Four research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. WPX Energy has a consensus rating of “Buy” and a consensus price target of $20.72.
WPX Energy stock opened at $14.52 on Wednesday. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 161.33, a P/E/G ratio of 1.50 and a beta of 2.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.03 and a quick ratio of 0.97. WPX Energy has a 1 year low of $9.89 and a 1 year high of $20.80.
Several hedge funds and other institutional investors have recently bought and sold shares of WPX. Phocas Financial Corp. bought a new position in shares of WPX Energy during the 4th quarter worth approximately $31,000. Highwater Wealth Management LLC bought a new position in shares of WPX Energy during the 4th quarter worth approximately $32,000. IFP Advisors Inc raised its stake in shares of WPX Energy by 309.0% during the 4th quarter. IFP Advisors Inc now owns 4,687 shares of the oil and gas producer’s stock worth $52,000 after acquiring an additional 3,541 shares in the last quarter. Berman Capital Advisors LLC bought a new position in shares of WPX Energy during the 4th quarter worth approximately $60,000. Finally, Paragon Capital Management LLC bought a new position in shares of WPX Energy during the 1st quarter worth approximately $66,000. Hedge funds and other institutional investors own 96.63% 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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