WPX Energy Inc. (WPX) PT Raised to $15.00
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.
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.
COPYRIGHT VIOLATION NOTICE: “WPX Energy Inc. (WPX) PT Raised to $15.00” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international trademark and copyright legislation. The original version of this report can be read at https://www.thecerbatgem.com/2016/11/24/wpx-energy-inc-wpx-pt-raised-to-15-00.html.
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.