WPX Energy, Inc. (NYSE:WPX) received a $13.00 price objective from equities research analysts at BMO Capital Markets in a research note issued on Monday, August 28th. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. BMO Capital Markets’ target price would indicate a potential upside of 23.22% from the stock’s current price.
WPX has been the topic of several other reports. ValuEngine raised shares of WPX Energy from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Cowen and Company upgraded shares of WPX Energy from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $15.00 to $14.00 in a research note on Thursday, June 22nd. Seaport Global Securities lowered shares of WPX Energy from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $17.00 to $6.50 in a research note on Wednesday, June 21st. Scotiabank restated a “buy” rating and set a $19.00 price objective on shares of WPX Energy in a research note on Friday, June 30th. Finally, Credit Suisse Group started coverage on shares of WPX Energy in a research note on Thursday, June 1st. They set an “outperform” rating and a $18.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $15.80.
WPX Energy (NYSE WPX) traded up 5.82% during midday trading on Monday, reaching $10.55. The company’s stock had a trading volume of 9,730,317 shares. WPX Energy has a 52-week low of $8.39 and a 52-week high of $16.17. The firm has a 50-day moving average price of $10.10 and a 200 day moving average price of $11.11. The stock’s market capitalization is $4.20 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 (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.02. The firm had revenue of $413.00 million for the quarter, compared to analysts’ expectations of $301.78 million. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The business’s revenue for the quarter was up 199.3% on a year-over-year basis. During the same period last year, the firm earned ($0.28) earnings per share. Equities research analysts predict that WPX Energy will post ($0.51) EPS for the current fiscal year.
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Several institutional investors have recently modified their holdings of WPX. BlackRock Inc. lifted its holdings in shares of WPX Energy by 13,729.5% during the 1st quarter. BlackRock Inc. now owns 32,202,448 shares of the oil and gas producer’s stock worth $431,192,000 after acquiring an additional 31,969,595 shares during the period. Vanguard Group Inc. lifted its holdings in shares of WPX Energy by 20.4% during the 1st quarter. Vanguard Group Inc. now owns 33,141,235 shares of the oil and gas producer’s stock worth $443,761,000 after acquiring an additional 5,610,066 shares during the period. Key Group Holdings Cayman LTD. lifted its holdings in shares of WPX Energy by 513.9% during the 2nd quarter. Key Group Holdings Cayman LTD. now owns 4,451,556 shares of the oil and gas producer’s stock worth $43,002,000 after acquiring an additional 3,726,451 shares during the period. Balyasny Asset Management LLC lifted its holdings in shares of WPX Energy by 5,688.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 3,728,177 shares of the oil and gas producer’s stock worth $36,014,000 after acquiring an additional 3,663,768 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of WPX Energy by 31.2% during the 2nd quarter. Jennison Associates LLC now owns 10,995,002 shares of the oil and gas producer’s stock worth $106,212,000 after acquiring an additional 2,611,802 shares during the period. 97.61% of the stock is owned by institutional investors.
WPX Energy Company Profile
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.
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