An issue of WPX Energy Inc. (NYSE:WPX) debt rose 1.3% as a percentage of its face value during trading on Monday. The high-yield debt issue has a 6% coupon and will mature on January 15, 2022. The debt is now trading at $101.54 and was trading at $99.50 last week. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its stock price.

A number of research analysts have recently issued reports on WPX shares. BMO Capital Markets reiterated a “hold” rating and issued a $13.00 target price on shares of WPX Energy in a research note on Wednesday, September 7th. Robert W. Baird boosted their price objective on shares of WPX Energy from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 22nd. Barclays PLC boosted their price objective on shares of WPX Energy from $6.00 to $7.50 and gave the stock an “underweight” rating in a research report on Monday, August 8th. Deutsche Bank AG upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $15.00 to $17.00 in a research report on Monday. Finally, Zacks Investment Research cut shares of WPX Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $12.67.

Shares of WPX Energy Inc. (NYSE:WPX) traded down 3.99% during trading on Monday, reaching $12.75. 10,573,420 shares of the company were exchanged. The firm’s market cap is $4.39 billion. The stock’s 50-day moving average is $12.23 and its 200-day moving average is $11.09. WPX Energy Inc. 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 data on Wednesday, November 2nd. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.01. The company earned $251 million during the quarter, compared to analysts’ expectations of $257.60 million. WPX Energy had a negative net margin of 178.46% and a negative return on equity of 7.94%. WPX Energy’s revenue for the quarter was down 38.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.04) earnings per share. Equities research analysts predict that WPX Energy Inc. will post ($0.81) earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its position 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 in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position 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 in the last quarter. Ameritas Investment Partners Inc. boosted its position 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 in the last quarter. Penn Capital Management Co. Inc. boosted its position 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 in the last quarter. Finally, Gotham Asset Management LLC bought a new position in WPX Energy during the third quarter worth approximately $1,451,000. 95.44% of the stock is owned by institutional investors.

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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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