Evercore ISI upgraded shares of WPX Energy Inc. (NYSE:WPX) from a hold rating to a buy rating in a report issued on Friday morning. The firm currently has $16.00 target price on the stock, up from their prior target price of $14.00.

A number of other brokerages have also recently weighed in on WPX. Susquehanna lifted their price target on shares of WPX Energy from $15.00 to $18.00 and gave the company a positive rating in a report on Friday, September 9th. BMO Capital Markets reiterated a hold rating and issued a $13.00 price target on shares of WPX Energy in a report on Wednesday, September 7th. Wunderlich lifted their price target on shares of WPX Energy from $14.00 to $17.00 and gave the company a buy rating in a report on Monday, October 3rd. Citigroup Inc. lifted their price target on shares of WPX Energy from $12.50 to $14.00 and gave the company a neutral rating in a report on Tuesday, September 6th. Finally, FBR & Co started coverage on shares of WPX Energy in a report on Tuesday, October 11th. They issued an outperform rating and a $16.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. WPX Energy presently has an average rating of Buy and an average target price of $11.90.

Shares of WPX Energy (NYSE:WPX) traded down 0.121% on Friday, hitting $12.415. The stock had a trading volume of 2,073,170 shares. WPX Energy has a one year low of $2.53 and a one year high of $13.92. The company’s 50 day moving average is $12.54 and its 200 day moving average is $10.19. The stock’s market cap is $4.27 billion.

WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.28) earnings per share (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 firm had revenue of $138 million for the quarter, compared to analysts’ expectations of $252.14 million. During the same period in the prior year, the company earned ($0.11) earnings per share. The company’s revenue for the quarter 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.

Several hedge funds have recently bought and sold shares of WPX. Wellington Management Group LLP boosted its position in WPX Energy by 28.4% in the first quarter. Wellington Management Group LLP now owns 10,163,567 shares of the company’s stock valued at $71,044,000 after buying an additional 2,248,105 shares during the last quarter. Arete Wealth Advisors LLC boosted its position in WPX Energy by 380.3% in the first quarter. Arete Wealth Advisors LLC now owns 57,701 shares of the company’s stock valued at $403,000 after buying an additional 45,688 shares during the last quarter. Riverhead Capital Management LLC boosted its position in WPX Energy by 59.5% in the first quarter. Riverhead Capital Management LLC now owns 729,644 shares of the company’s stock valued at $5,100,000 after buying an additional 272,293 shares during the last quarter. BP Capital Fund Advisors LLC boosted its position in WPX Energy by 32.1% in the first quarter. BP Capital Fund Advisors LLC now owns 1,128,685 shares of the company’s stock valued at $7,890,000 after buying an additional 274,384 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in WPX Energy by 7.0% in the first quarter. UBS Asset Management Americas Inc. now owns 309,035 shares of the company’s stock valued at $2,159,000 after buying an additional 20,110 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

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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