WPX Energy Inc. (NYSE:WPX) had its price target increased by investment analysts at Robert W. Baird from $14.00 to $15.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 11.69% from the company’s current price.

A number of other brokerages have also weighed in on WPX. BMO Capital Markets reiterated a “hold” rating and set a $13.00 price objective on shares of WPX Energy in a report on Wednesday, September 7th. Barclays PLC lifted their price objective on shares of WPX Energy from $6.00 to $7.50 and gave the company an “underweight” rating in a report on Monday, August 8th. Zacks Investment Research lowered shares of WPX Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Evercore ISI upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $16.00 in a report on Friday, October 14th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $15.00 price objective on shares of WPX Energy in a report on Friday, November 11th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. WPX Energy presently has a consensus rating of “Buy” and a consensus target price of $12.44.

Analyst Recommendations for WPX Energy (NYSE:WPX)

WPX Energy (NYSE:WPX) opened at 13.43 on Tuesday. WPX Energy has a 52 week low of $2.53 and a 52 week high of $13.92. The stock has a 50 day moving average of $12.27 and a 200 day moving average of $11.06. The company’s market cap is $4.63 billion.

WPX Energy (NYSE:WPX) last released 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 firm earned $251 million during the quarter, compared to analyst estimates of $257.60 million. WPX Energy had a negative net margin of 178.46% and a negative return on equity of 7.94%. The business’s revenue was down 38.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.04) EPS. On average, analysts expect that WPX Energy will post ($0.81) earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in WPX. Price T Rowe Associates Inc. MD boosted its stake in shares of WPX Energy by 102.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 4,892,472 shares of the company’s stock valued at $64,532,000 after buying an additional 2,470,323 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of WPX Energy by 74.5% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 300,403 shares of the company’s stock valued at $3,961,000 after buying an additional 128,297 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of WPX Energy by 135.7% in the third quarter. Ameritas Investment Partners Inc. now owns 104,112 shares of the company’s stock valued at $1,373,000 after buying an additional 59,933 shares during the last quarter. Penn Capital Management Co. Inc. boosted its stake in shares of 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 valued at $16,446,000 after buying an additional 44,651 shares during the last quarter. Finally, Gotham Asset Management LLC acquired a new stake in shares of WPX Energy during the third quarter valued at approximately $1,451,000. Institutional investors and hedge funds own 98.56% of the company’s stock.

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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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