WPX Energy Inc. (WPX) Stock Rating Reaffirmed by JPMorgan Chase & Co.
WPX Energy Inc. (NYSE:WPX)‘s stock had its “buy” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a report issued on Friday. They currently have a $15.00 target price on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 23.86% from the company’s current price.
Several other equities analysts also recently issued reports on the company. Robert W. Baird raised WPX Energy from a “neutral” rating to an “outperform” rating and upped their target price for the company from $8.00 to $12.00 in a research report on Thursday, July 21st. Barclays PLC upped their target price on WPX Energy from $5.00 to $6.00 and gave the company an “underweight” rating in a research report on Thursday, July 14th. Zacks Investment Research downgraded WPX Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Citigroup Inc. upped their target price on WPX Energy from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, September 12th. Finally, Wunderlich upped their target price on WPX Energy from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, October 3rd. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $12.31.
WPX Energy (NYSE:WPX) opened at 12.11 on Friday. The company’s 50-day moving average price is $12.19 and its 200 day moving average price is $10.83. The stock’s market capitalization is $4.17 billion. WPX Energy has a 52-week low of $2.53 and a 52-week high of $13.92.
WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.01. The business had revenue of $251 million for the quarter, compared to the consensus estimate of $257.60 million. WPX Energy had a negative return on equity of 7.94% and a negative net margin of 178.46%. The business’s quarterly revenue was down 38.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) earnings per share. On average, equities research analysts predict that WPX Energy will post ($0.80) earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gotham Asset Management LLC acquired a new position in WPX Energy during the third quarter worth $1,451,000. The Manufacturers Life Insurance Company acquired a new position in WPX Energy during the third quarter worth $6,194,000. Advantus Capital Management Inc raised its position in WPX Energy by 24.8% in the third quarter. Advantus Capital Management Inc now owns 41,909 shares of the company’s stock worth $553,000 after buying an additional 8,335 shares during the period. TLP Group LLC acquired a new position in WPX Energy during the third quarter worth $187,000. Finally, Adage Capital Partners GP L.L.C. raised its position in WPX Energy by 56.3% in the third quarter. Adage Capital Partners GP L.L.C. now owns 1,250,000 shares of the company’s stock worth $16,488,000 after buying an additional 450,000 shares during the period. 97.54% of the stock is currently 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.
Receive News & Stock Ratings for WPX Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy Inc. and related stocks with our FREE daily email newsletter.