WPX Energy (NYSE:WPX) had its price objective hoisted by KeyCorp from $14.00 to $15.00 in a research note published on Thursday, BenzingaRatingsTable reports. They currently have an overweight rating on the oil and gas producer’s stock. KeyCorp also issued estimates for WPX Energy’s Q2 2020 earnings at $0.15 EPS, Q3 2020 earnings at $0.19 EPS, Q4 2020 earnings at $0.23 EPS and FY2020 earnings at $0.70 EPS.
Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. boosted their price objective on WPX Energy from $15.00 to $17.00 and gave the company an overweight rating in a research report on Wednesday, December 18th. SunTrust Banks upgraded WPX Energy from a hold rating to a buy rating and boosted their price objective for the company from $12.00 to $18.00 in a research report on Tuesday. Imperial Capital reiterated an outperform rating and issued a $17.00 price objective (up from $13.00) on shares of WPX Energy in a research report on Tuesday, December 17th. Cfra reiterated a buy rating and issued a $11.00 price objective on shares of WPX Energy in a research report on Wednesday, September 25th. Finally, Credit Suisse Group boosted their price objective on WPX Energy from $13.00 to $15.00 and gave the company an outperform rating in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $16.73.
Shares of WPX traded up $0.02 on Thursday, hitting $12.52. The company’s stock had a trading volume of 8,085,704 shares, compared to its average volume of 7,504,613. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average price is $12.68 and its 200-day moving average price is $10.91. WPX Energy has a fifty-two week low of $8.79 and a fifty-two week high of $15.32. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 7.24, a P/E/G ratio of 0.56 and a beta of 2.28.
WPX Energy (NYSE:WPX) last issued its quarterly earnings data on Wednesday, October 30th. The oil and gas producer reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). WPX Energy had a net margin of 25.50% and a return on equity of 2.39%. The business had revenue of $795.00 million during the quarter, compared to analyst estimates of $623.75 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. WPX Energy’s revenue for the quarter was up 64.3% compared to the same quarter last year. As a group, equities analysts predict that WPX Energy will post 0.35 earnings per share for the current fiscal year.
In other WPX Energy news, Director Karl F. Kurz purchased 10,000 shares of the stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of $11.31 per share, for a total transaction of $113,100.00. Following the purchase, the director now owns 64,367 shares of the company’s stock, valued at $727,990.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.59% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the business. Private Advisor Group LLC lifted its stake in WPX Energy by 34.5% in the second quarter. Private Advisor Group LLC now owns 21,664 shares of the oil and gas producer’s stock valued at $249,000 after purchasing an additional 5,561 shares during the last quarter. Vanguard Group Inc. lifted its stake in WPX Energy by 1.4% in the second quarter. Vanguard Group Inc. now owns 38,963,238 shares of the oil and gas producer’s stock valued at $448,467,000 after purchasing an additional 535,995 shares during the last quarter. Invesco Ltd. lifted its stake in WPX Energy by 44.7% in the second quarter. Invesco Ltd. now owns 478,067 shares of the oil and gas producer’s stock valued at $5,503,000 after purchasing an additional 147,599 shares during the last quarter. Man Group plc lifted its position in shares of WPX Energy by 237.7% during the second quarter. Man Group plc now owns 785,620 shares of the oil and gas producer’s stock worth $9,043,000 after acquiring an additional 553,008 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of WPX Energy by 14.4% during the second quarter. Morgan Stanley now owns 535,511 shares of the oil and gas producer’s stock worth $6,163,000 after acquiring an additional 67,272 shares in the last quarter. 98.26% 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.
Further Reading: Cost of Goods Sold (COGS)
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