WPX Energy Inc. (NYSE:WPX) has been assigned an average recommendation of “Buy” from the twenty-four brokerages that are presently covering the firm. Seven analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $12.37.

Several research firms have recently issued reports on WPX. Evercore ISI upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $14.00 to $16.00 in a report on Friday, October 14th. Wunderlich boosted their price objective on shares of WPX Energy from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, October 3rd. JPMorgan Chase & Co. reiterated a “buy” rating and set a $15.00 target price on shares of WPX Energy in a research note on Friday. Barclays PLC upgraded shares of WPX Energy from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $9.00 to $13.00 in a research note on Monday, October 17th. Finally, Zacks Investment Research lowered shares of WPX Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th.

Institutional investors have recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. increased its position in 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 increased 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 worth $71,044,000 after buying an additional 2,248,105 shares in the last quarter. BlackRock Group LTD increased its position in 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 increased its position in 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 increased its position in 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 and hedge funds own 94.88% of the company’s stock.

WPX Energy (NYSE:WPX) opened at 12.06 on Tuesday. WPX Energy has a 1-year low of $2.53 and a 1-year high of $13.92. The firm’s market capitalization is $4.15 billion. The company’s 50-day moving average price is $12.19 and its 200-day moving average price is $10.83.

WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, November 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.01. The company had revenue of $251 million for the quarter, compared to analysts’ expectations of $257.60 million. WPX Energy had a negative return on equity of 7.94% and a negative net margin of 178.46%. WPX Energy’s quarterly revenue was down 38.3% on a year-over-year basis. During the same period last year, the firm earned ($0.04) earnings per share. Equities research analysts expect that WPX Energy will post ($0.80) earnings per share for the current fiscal year.

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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