WPX Energy Inc. (NYSE:WPX) Given Consensus Rating of “Buy” by Brokerages
WPX Energy Inc. (NYSE:WPX) has received a consensus rating of “Buy” from the twenty-three ratings firms that are currently covering the company. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $11.51.
Several equities research analysts have recently weighed in on WPX shares. BMO Capital Markets reiterated a “hold” rating and set a $13.00 target price on shares of WPX Energy in a research note on Wednesday, September 7th. Barclays PLC increased their target price on shares of WPX Energy from $6.00 to $7.50 and gave the stock an “underweight” rating in a research note on Monday, August 8th. Goldman Sachs Group Inc. upgraded shares of WPX Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $10.50 to $14.75 in a research note on Wednesday, July 6th. Zacks Investment Research downgraded shares of WPX Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Finally, Susquehanna increased their price target on shares of WPX Energy from $15.00 to $18.00 and gave the stock a “positive” rating in a report on Friday, September 9th.
A number of hedge funds have recently made changes to their positions in WPX. Dimensional Fund Advisors LP raised its stake in shares of WPX Energy by 136.1% in the second quarter. Dimensional Fund Advisors LP now owns 15,146,617 shares of the company’s stock worth $141,018,000 after buying an additional 8,732,353 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of WPX Energy by 375.8% in the second quarter. Thrivent Financial for Lutherans now owns 6,241,970 shares of the company’s stock worth $58,113,000 after buying an additional 4,930,200 shares during the period. Vanguard Group Inc. raised its stake in shares of WPX Energy by 21.2% in the second quarter. Vanguard Group Inc. now owns 24,336,722 shares of the company’s stock worth $226,575,000 after buying an additional 4,257,789 shares during the period. FMR LLC raised its stake in shares of WPX Energy by 264.7% in the second quarter. FMR LLC now owns 3,523,700 shares of the company’s stock worth $32,806,000 after buying an additional 2,557,400 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of WPX Energy by 28.4% in the first quarter. Wellington Management Group LLP now owns 10,163,567 shares of the company’s stock worth $71,044,000 after buying an additional 2,248,105 shares during the period. Hedge funds and other institutional investors own 93.91% of the company’s stock.
Shares of WPX Energy (NYSE:WPX) traded down 2.26% on Tuesday, hitting $12.95. The stock had a trading volume of 5,219,236 shares. The company’s 50 day moving average is $12.26 and its 200 day moving average is $9.86. WPX Energy has a one year low of $2.53 and a one year high of $13.92. The stock’s market cap is $4.46 billion.
WPX Energy (NYSE:WPX) last announced its earnings results on Thursday, August 4th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.21) by $0.07. WPX Energy had a negative return on equity of 6.76% and a negative net margin of 142.42%. The business had revenue of $138 million for the quarter, compared to analyst estimates of $252.14 million. During the same quarter last year, the company posted ($0.11) EPS. WPX Energy’s quarterly revenue was down 10.4% on a year-over-year basis. Equities research analysts predict that WPX Energy will post ($0.81) EPS for the current fiscal year.
About WPX Energy
WPX Energy, Inc is an independent oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of long-life unconventional properties. It is engaged in the domestic development, production and gas management activities of oil, natural gas and natural gas liquids (NGLs) segment.
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