WPX Energy Inc (NYSE:WPX) – Equities research analysts at SunTrust Banks upped their Q2 2020 earnings per share (EPS) estimates for WPX Energy in a note issued to investors on Thursday, June 25th. SunTrust Banks analyst N. Dingmann now anticipates that the oil and gas producer will earn $0.00 per share for the quarter, up from their previous estimate of ($0.01). SunTrust Banks currently has a “Hold” rating and a $5.00 price objective on the stock. SunTrust Banks also issued estimates for WPX Energy’s Q4 2020 earnings at $0.06 EPS, Q1 2021 earnings at ($0.14) EPS, Q3 2021 earnings at ($0.05) EPS, Q4 2021 earnings at ($0.04) EPS and FY2021 earnings at ($0.33) EPS.
WPX Energy (NYSE:WPX) last issued its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. WPX Energy had a positive return on equity of 3.13% and a negative net margin of 2.52%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $625.59 million. During the same quarter last year, the company earned $0.05 earnings per share. The firm’s revenue for the quarter was up 289.4% compared to the same quarter last year.
Several other equities research analysts also recently weighed in on WPX. Wells Fargo & Co lowered their price target on WPX Energy from $18.00 to $12.00 and set an “overweight” rating for the company in a report on Tuesday, March 10th. Imperial Capital raised their price target on WPX Energy from $8.00 to $9.00 and gave the stock an “outperform” rating in a report on Friday, June 12th. Piper Sandler downgraded WPX Energy from an “overweight” rating to a “neutral” rating in a report on Monday, March 9th. Barclays began coverage on WPX Energy in a report on Tuesday, March 24th. They issued a “buy” rating for the company. Finally, Stifel Nicolaus raised their price target on WPX Energy from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Four investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $12.59.
Shares of WPX stock opened at $6.30 on Monday. WPX Energy has a 1-year low of $1.94 and a 1-year high of $14.43. The stock’s 50-day moving average is $6.32 and its 200 day moving average is $8.19. The company has a market cap of $3.43 billion, a P/E ratio of -48.46, a PEG ratio of 1.42 and a beta of 3.59. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.68 and a quick ratio of 1.64.
A number of hedge funds have recently made changes to their positions in the stock. Signaturefd LLC boosted its position in shares of WPX Energy by 241.3% in the 1st quarter. Signaturefd LLC now owns 8,130 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 5,748 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of WPX Energy in the 1st quarter valued at about $25,000. People s United Financial Inc. acquired a new stake in shares of WPX Energy in the 1st quarter valued at about $33,000. National Asset Management Inc. acquired a new stake in shares of WPX Energy in the 1st quarter valued at about $37,000. Finally, Pictet Asset Management Ltd. acquired a new stake in WPX Energy during the 1st quarter worth approximately $37,000. Institutional investors own 98.00% 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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