Citigroup Inc. Lowers WPX Energy, Inc. (WPX) Price Target to $12.00
WPX Energy, Inc. (NYSE:WPX) had its price target cut by Citigroup Inc. from $15.00 to $12.00 in a report issued on Thursday, July 13th. They currently have a neutral rating on the oil and gas producer’s stock.
Several other research analysts have also commented on WPX. UBS AG began coverage on shares of WPX Energy in a report on Thursday, March 23rd. They issued a buy rating and a $17.00 price objective for the company. BMO Capital Markets reissued a buy rating and set a $17.00 price objective on shares of WPX Energy in a research report on Thursday, June 22nd. Seaport Global Securities raised shares of WPX Energy from a neutral rating to a buy rating in a report on Friday, March 31st. ValuEngine raised shares of WPX Energy from a sell rating to a hold rating in a report on Thursday, July 6th. Finally, Wolfe Research initiated coverage on shares of WPX Energy in a report on Thursday, June 15th. They set an outperform rating and a $13.50 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $15.95.
WPX Energy (NYSE:WPX) opened at 10.30 on Thursday. The stock has a 50 day moving average of $9.84 and a 200 day moving average of $11.85. WPX Energy has a one year low of $8.40 and a one year high of $16.17. The firm’s market cap is $4.10 billion.
WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.02. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The company had revenue of $413 million during the quarter, compared to analyst estimates of $301.78 million. During the same period in the prior year, the business posted ($0.28) EPS. The firm’s revenue was up 199.3% compared to the same quarter last year. Equities research analysts predict that WPX Energy will post ($0.55) EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in WPX Energy by 20.4% in the first quarter. Vanguard Group Inc. now owns 33,141,235 shares of the oil and gas producer’s stock worth $443,761,000 after buying an additional 5,610,066 shares during the last quarter. BlackRock Inc. boosted its stake in WPX Energy by 13,729.5% in the first quarter. BlackRock Inc. now owns 32,202,448 shares of the oil and gas producer’s stock valued at $431,192,000 after buying an additional 31,969,595 shares during the last quarter. State Street Corp boosted its stake in WPX Energy by 13.4% in the first quarter. State Street Corp now owns 13,419,044 shares of the oil and gas producer’s stock valued at $179,682,000 after buying an additional 1,586,531 shares during the last quarter. Jennison Associates LLC boosted its stake in WPX Energy by 31.2% in the second quarter. Jennison Associates LLC now owns 10,995,002 shares of the oil and gas producer’s stock valued at $106,212,000 after buying an additional 2,611,802 shares during the last quarter. Finally, FMR LLC boosted its stake in WPX Energy by 4.9% in the first quarter. FMR LLC now owns 10,146,141 shares of the oil and gas producer’s stock valued at $135,857,000 after buying an additional 476,820 shares during the last quarter. Institutional investors own 95.03% of the company’s stock.
About WPX Energy
WPX Energy, Inc is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States.
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