WPX Energy, Inc. (WPX) Given a $13.00 Price Target by BMO Capital Markets Analysts

BMO Capital Markets set a $13.00 target price on WPX Energy, Inc. (NYSE:WPX) in a research note issued to investors on Monday. The firm currently has a buy rating on the oil and gas producer’s stock.

A number of other equities research analysts have also weighed in on the company. BidaskClub raised WPX Energy from a sell rating to a hold rating in a report on Saturday. J P Morgan Chase & Co reaffirmed an overweight rating and issued a $17.00 price objective (up previously from $16.00) on shares of WPX Energy in a report on Thursday, August 24th. Northland Securities set a $20.00 price objective on WPX Energy and gave the company a buy rating in a report on Monday, August 21st. Stifel Nicolaus set a $18.00 price objective on WPX Energy and gave the company a buy rating in a report on Wednesday, August 16th. Finally, ValuEngine lowered WPX Energy from a hold rating to a sell rating in a report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. WPX Energy has an average rating of Buy and an average price target of $15.90.

Shares of WPX Energy (NYSE:WPX) opened at 9.66 on Monday. The company’s 50 day moving average price is $10.06 and its 200 day moving average price is $11.42. WPX Energy has a 52-week low of $8.39 and a 52-week high of $16.17. The stock’s market cap is $3.84 billion.

WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.02. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. The company had revenue of $413 million for the quarter, compared to analyst estimates of $301.78 million. During the same quarter in the previous year, the company earned ($0.28) EPS. The firm’s revenue for the quarter was up 199.3% compared to the same quarter last year. On average, analysts anticipate that WPX Energy will post ($0.52) earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of WPX. Capital Advisors Inc. OK increased its position in shares of WPX Energy by 2.0% in the second quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock valued at $100,000 after buying an additional 200 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of WPX Energy during the second quarter valued at about $113,000. Financial Counselors Inc. increased its position in shares of WPX Energy by 9.0% in the second quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock valued at $117,000 after buying an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of WPX Energy by 12.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock valued at $134,000 after buying an additional 1,540 shares during the period. Finally, BlueMountain Capital Management LLC increased its position in shares of WPX Energy by 39.3% in the second quarter. BlueMountain Capital Management LLC now owns 14,532 shares of the oil and gas producer’s stock valued at $140,000 after buying an additional 4,097 shares during the period. Hedge funds and other institutional investors own 97.61% of the company’s stock.

About WPX Energy

WPX Energy, Inc is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States.

Analyst Recommendations for WPX Energy (NYSE:WPX)




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