FBR & Co initiated coverage on shares of WPX Energy Inc. (NYSE:WPX) in a research report issued to clients and investors on Tuesday. The firm set an “outperform” rating and a $16.00 price target on the stock. FBR & Co’s target price would indicate a potential upside of 25.10% from the stock’s current price.

Several other research analysts have also weighed in on the company. Robert W. Baird raised WPX Energy from a “neutral” rating to an “outperform” rating and upped their price target for the company from $8.00 to $12.00 in a research report on Thursday, July 21st. Imperial Capital upped their price target on WPX Energy from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Thursday, June 23rd. Goldman Sachs Group Inc. raised WPX Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $10.50 to $14.75 in a research report on Wednesday, July 6th. Barclays PLC upped their price target on WPX Energy from $5.00 to $6.00 and gave the company an “underweight” rating in a research report on Thursday, July 14th. Finally, Zacks Investment Research lowered WPX Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company’s stock. WPX Energy presently has an average rating of “Buy” and a consensus price target of $11.53.

Analyst Recommendations for WPX Energy (NYSE:WPX)

Shares of WPX Energy (NYSE:WPX) opened at 12.79 on Tuesday. The company’s 50-day moving average price is $12.46 and its 200-day moving average price is $10.10. The stock’s market cap is $4.40 billion. WPX Energy has a 52-week low of $2.53 and a 52-week high of $13.92.

WPX Energy (NYSE:WPX) last announced its earnings results on Thursday, August 4th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.07. The company had revenue of $138 million for the quarter, compared to analyst estimates of $252.14 million. WPX Energy had a negative return on equity of 6.76% and a negative net margin of 142.42%. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period last year, the firm earned ($0.11) earnings per share. Analysts expect that WPX Energy will post ($0.81) earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Veritable L.P. increased its stake in shares of WPX Energy by 1.6% in the second quarter. Veritable L.P. now owns 10,755 shares of the company’s stock worth $100,000 after buying an additional 168 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of WPX Energy by 0.4% in the second quarter. ProShare Advisors LLC now owns 50,835 shares of the company’s stock worth $473,000 after buying an additional 183 shares in the last quarter. Janus Capital Management LLC increased its stake in shares of WPX Energy by 5.0% in the second quarter. Janus Capital Management LLC now owns 12,700 shares of the company’s stock worth $118,000 after buying an additional 600 shares in the last quarter. Mariner Wealth Advisors LLC increased its stake in shares of WPX Energy by 0.8% in the first quarter. Mariner Wealth Advisors LLC now owns 93,655 shares of the company’s stock worth $655,000 after buying an additional 720 shares in the last quarter. Finally, M&T Bank Corp increased its stake in shares of WPX Energy by 7.4% in the first quarter. M&T Bank Corp now owns 16,040 shares of the company’s stock worth $112,000 after buying an additional 1,105 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

WPX Energy Company Profile

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.

5 Day Chart for NYSE:WPX

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