Wall Street analysts expect WPX Energy Inc (NYSE:WPX) to report sales of $628.17 million for the current quarter, Zacks reports. Ten analysts have provided estimates for WPX Energy’s earnings, with the lowest sales estimate coming in at $569.00 million and the highest estimate coming in at $659.98 million. WPX Energy reported sales of $544.00 million in the same quarter last year, which indicates a positive year over year growth rate of 15.5%. The company is expected to report its next quarterly earnings report on Wednesday, February 19th.
On average, analysts expect that WPX Energy will report full-year sales of $2.45 billion for the current year, with estimates ranging from $2.25 billion to $2.50 billion. For the next financial year, analysts expect that the business will post sales of $2.60 billion, with estimates ranging from $2.39 billion to $2.78 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for WPX Energy.
WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, October 30th. The oil and gas producer reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). WPX Energy had a return on equity of 2.39% and a net margin of 25.50%. The firm had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $623.75 million. During the same period in the previous year, the company earned $0.07 earnings per share. The company’s revenue was up 64.3% compared to the same quarter last year.
WPX has been the topic of several recent analyst reports. Cfra reissued a “buy” rating and set a $11.00 target price on shares of WPX Energy in a research note on Wednesday, September 25th. Citigroup lowered their target price on shares of WPX Energy from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Guggenheim set a $18.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. lowered their target price on shares of WPX Energy from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. Finally, Williams Capital reissued a “buy” rating and set a $18.00 target price on shares of WPX Energy in a research note on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. WPX Energy currently has a consensus rating of “Buy” and a consensus target price of $16.69.
WPX stock opened at $10.67 on Monday. The company’s 50-day simple moving average is $10.21 and its 200-day simple moving average is $10.96. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.47. WPX Energy has a 52-week low of $8.79 and a 52-week high of $15.91. The firm has a market cap of $4.33 billion, a P/E ratio of 118.56, a PEG ratio of 1.15 and a beta of 2.15.
Institutional investors have recently modified their holdings of the stock. Phocas Financial Corp. purchased a new position in WPX Energy in the 2nd quarter valued at about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in WPX Energy in the 3rd quarter valued at about $58,000. Spectrum Management Group Inc. purchased a new position in WPX Energy in the 2nd quarter valued at about $115,000. Capital Investment Advisors LLC purchased a new position in WPX Energy in the 2nd quarter valued at about $116,000. Finally, Commonwealth Equity Services LLC purchased a new position in WPX Energy in the 2nd quarter valued at about $123,000. 97.38% of the stock is currently owned by hedge funds and other institutional investors.
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.
Recommended Story: What is a Roth IRA?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for WPX Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy and related companies with MarketBeat.com's FREE daily email newsletter.