BMO Capital Markets upgraded shares of WPX Energy Inc. (NYSE:WPX) from a market perform rating to an outperform rating in a research note issued to investors on Wednesday.

A number of other research analysts also recently issued reports on the company. Deutsche Bank AG upgraded WPX Energy from a hold rating to a buy rating and lifted their price target for the company from $15.00 to $17.00 in a report on Monday. Evercore ISI upgraded WPX Energy from a hold rating to a buy rating and lifted their price target for the company from $14.00 to $16.00 in a report on Friday, October 14th. Citigroup Inc. lifted their price target on WPX Energy from $14.00 to $15.00 and gave the company a neutral rating in a report on Monday, September 12th. Wunderlich lifted their price target on WPX Energy from $14.00 to $17.00 and gave the company a buy rating in a report on Monday, October 3rd. Finally, Robert W. Baird lifted their price target on WPX Energy from $14.00 to $15.00 and gave the company an outperform rating in a report on Tuesday, November 22nd. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of $12.67.

WPX Energy (NYSE:WPX) opened at 15.54 on Wednesday. The company’s market cap is $5.35 billion. WPX Energy has a 12-month low of $2.53 and a 12-month high of $15.63. The firm has a 50-day moving average price of $12.23 and a 200-day moving average price of $11.16.

WPX Energy (NYSE:WPX) last issued its earnings results on Wednesday, November 2nd. The company reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.01. The business earned $251 million during the quarter, compared to analyst estimates of $257.60 million. WPX Energy had a negative return on equity of 7.94% and a negative net margin of 178.46%. WPX Energy’s revenue was down 38.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) EPS. On average, analysts forecast that WPX Energy will post ($0.81) earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in WPX. Vanguard Group Inc. boosted its stake in shares of WPX Energy by 21.2% in the second quarter. Vanguard Group Inc. now owns 24,336,722 shares of the company’s stock valued at $226,575,000 after buying an additional 4,257,789 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of WPX Energy by 136.1% in the second quarter. Dimensional Fund Advisors LP now owns 15,146,617 shares of the company’s stock valued at $141,018,000 after buying an additional 8,732,353 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of WPX Energy by 27.8% in the third quarter. BlackRock Fund Advisors now owns 13,094,809 shares of the company’s stock valued at $172,721,000 after buying an additional 2,847,588 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of WPX Energy by 12.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 10,033,261 shares of the company’s stock valued at $132,339,000 after buying an additional 1,109,772 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of WPX Energy by 20.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 7,254,879 shares of the company’s stock valued at $67,543,000 after buying an additional 1,226,616 shares during the last quarter. Institutional investors and hedge funds own 95.44% of the company’s stock.

About WPX Energy

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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