WPX Energy Inc. (WPX) Raised to “Outperform” at BMO Capital Markets
A number of other equities research analysts have also issued reports on the stock. Robert W. Baird raised shares of WPX Energy from a neutral rating to an outperform rating and upped their price objective for the company from $8.00 to $12.00 in a report on Thursday, July 21st. Barclays PLC upped their price objective on shares of WPX Energy from $7.50 to $9.00 and gave the company an underweight rating in a report on Thursday, September 1st. Zacks Investment Research lowered shares of WPX Energy from a buy rating to a hold rating in a report on Tuesday, August 9th. Citigroup Inc. upped their price objective on shares of WPX Energy from $14.00 to $15.00 and gave the company a neutral rating in a report on Monday, September 12th. Finally, Wunderlich upped their price objective 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. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $12.31.
WPX Energy (NYSE:WPX) opened at 12.88 on Monday. The stock’s market cap is $4.44 billion. WPX Energy has a 52-week low of $2.53 and a 52-week high of $13.92. The firm’s 50-day moving average is $12.27 and its 200-day moving average is $10.91.
WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.01. WPX Energy had a negative net margin of 178.46% and a negative return on equity of 7.94%. The firm earned $251 million during the quarter, compared to analyst estimates of $257.60 million. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. WPX Energy’s quarterly revenue was down 38.3% on a year-over-year basis. Equities research analysts predict that WPX Energy will post ($0.81) earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. increased its stake in WPX Energy by 74.5% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 300,403 shares of the company’s stock worth $3,961,000 after buying an additional 128,297 shares during the period. Ameritas Investment Partners Inc. increased its stake in WPX Energy by 135.7% in the third quarter. Ameritas Investment Partners Inc. now owns 104,112 shares of the company’s stock worth $1,373,000 after buying an additional 59,933 shares during the period. Penn Capital Management Co. Inc. increased its stake in WPX Energy by 3.7% in the third quarter. Penn Capital Management Co. Inc. now owns 1,242,081 shares of the company’s stock worth $16,446,000 after buying an additional 44,651 shares during the period. Gotham Asset Management LLC acquired a new stake in WPX Energy during the third quarter worth approximately $1,451,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in WPX Energy during the third quarter worth approximately $6,194,000. 97.54% of the stock is owned by institutional investors.
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.
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