WPX Energy Inc. (NYSE:WPX) was upgraded by investment analysts at Barclays PLC from an “underweight” rating to an “equal weight” rating in a research report issued on Monday.

WPX has been the subject of several other research reports. BMO Capital Markets restated a “hold” rating and issued a $13.00 target price on shares of WPX Energy in a research note on Wednesday, September 7th. Citigroup Inc. raised their target price on WPX Energy from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, September 12th. Wunderlich raised their target price on WPX Energy from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, October 3rd. Robert W. Baird upgraded WPX Energy from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $8.00 to $12.00 in a research note on Thursday, July 21st. Finally, Zacks Investment Research upgraded WPX Energy from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Thursday, June 30th. Seven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. WPX Energy presently has an average rating of “Buy” and an average price target of $11.73.

Analyst Recommendations for WPX Energy (NYSE:WPX)

WPX Energy (NYSE:WPX) opened at 12.43 on Monday. The company’s market cap is $4.28 billion. The company’s 50-day moving average is $12.54 and its 200 day moving average is $10.19. WPX Energy has a 1-year low of $2.53 and a 1-year high of $13.92.

WPX Energy (NYSE:WPX) last issued its earnings results on Thursday, August 4th. The company reported ($0.28) EPS 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 company earned $138 million during the quarter, compared to the consensus estimate of $252.14 million. During the same quarter in the prior year, the business earned ($0.11) EPS. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. On average, equities analysts predict that WPX Energy will post ($0.81) EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. raised its stake in shares of WPX Energy by 13.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,589,684 shares of the company’s stock worth $53,052,000 after buying an additional 917,948 shares in the last quarter. 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 in the last quarter. BlackRock Group LTD raised its stake in shares of WPX Energy by 60.3% in the first quarter. BlackRock Group LTD now owns 316,752 shares of the company’s stock worth $2,215,000 after buying an additional 119,209 shares in the last quarter. Credit Agricole S A raised its stake in shares of WPX Energy by 87.8% in the first quarter. Credit Agricole S A now owns 70,927 shares of the company’s stock worth $496,000 after buying an additional 33,159 shares in the last quarter. Finally, M&T Bank Corp raised 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. Hedge funds and other institutional investors own 93.91% of the company’s stock.

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.

5 Day Chart for NYSE:WPX

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