Shares of WPX Energy Inc (NYSE:WPX) have been assigned a consensus rating of “Buy” from the twenty-five ratings firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and twenty-one have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $16.36.
WPX has been the topic of several research reports. Stifel Nicolaus upped their price target on WPX Energy from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Piper Jaffray Companies upped their price target on WPX Energy from $13.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. upped their price target on WPX Energy from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Mizuho upped their price target on WPX Energy from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Finally, Wells Fargo & Co upped their price target on WPX Energy from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th.
In related news, Director Karl F. Kurz acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of $11.31 per share, for a total transaction of $113,100.00. Following the completion of the acquisition, the director now owns 64,367 shares of the company’s stock, valued at approximately $727,990.77. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.59% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WPX. Huntington National Bank bought a new stake in shares of WPX Energy in the fourth quarter worth about $31,000. Phocas Financial Corp. bought a new stake in shares of WPX Energy in the second quarter worth about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of WPX Energy in the third quarter worth about $58,000. Virtu Financial LLC bought a new stake in shares of WPX Energy in the third quarter worth about $109,000. Finally, MidWestOne Financial Group Inc. bought a new stake in shares of WPX Energy in the second quarter worth about $132,000. Institutional investors and hedge funds own 98.28% of the company’s stock.
WPX Energy stock traded down $0.11 on Friday, reaching $12.67. The company’s stock had a trading volume of 6,497,068 shares, compared to its average volume of 7,457,919. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.83 and a current ratio of 0.88. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 140.78, a PEG ratio of 0.62 and a beta of 2.28. The business’s fifty day moving average price is $12.36 and its 200 day moving average price is $10.87. WPX Energy has a twelve month low of $8.79 and a twelve month high of $15.32.
WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, October 30th. The oil and gas producer reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The business had revenue of $795.00 million during the quarter, compared to analyst estimates of $623.75 million. WPX Energy had a return on equity of 2.39% and a net margin of 25.50%. WPX Energy’s revenue for the quarter was up 64.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 EPS. As a group, equities analysts forecast that WPX Energy will post 0.35 earnings per share for the current year.
About WPX Energy
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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