WPX Energy, Inc. (NYSE:WPX) – Analysts at SunTrust Banks dropped their Q4 2017 earnings per share (EPS) estimates for shares of WPX Energy in a research note issued to investors on Wednesday. SunTrust Banks analyst N. Dingmann now expects that the oil and gas producer will earn ($0.12) per share for the quarter, down from their previous forecast of ($0.11). SunTrust Banks also issued estimates for WPX Energy’s FY2018 earnings at ($0.10) EPS, FY2019 earnings at ($0.32) EPS and FY2020 earnings at ($0.39) EPS.

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, topping the consensus estimate of ($0.16) by $0.02. The firm had revenue of $413 million for the quarter, compared to the consensus estimate of $301.78 million. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The business’s revenue was up 199.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.28) earnings per share.

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A number of other analysts have also weighed in on WPX. FBR & Co reiterated a “buy” rating and issued a $19.00 target price on shares of WPX Energy in a research note on Monday, April 17th. BMO Capital Markets reiterated a “buy” rating and issued a $17.00 target price on shares of WPX Energy in a research note on Monday, May 15th. Credit Suisse Group initiated coverage on WPX Energy in a research note on Thursday, June 1st. They issued an “outperform” rating and a $18.00 target price on the stock. ValuEngine lowered WPX Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Scotiabank reiterated a “buy” rating and issued a $20.00 target price on shares of WPX Energy in a research note on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. WPX Energy currently has an average rating of “Buy” and a consensus target price of $15.95.

WPX Energy (NYSE:WPX) opened at 10.16 on Friday. The stock’s market capitalization is $4.04 billion. WPX Energy has a 1-year low of $8.40 and a 1-year high of $16.17. The firm’s 50 day moving average is $10.00 and its 200 day moving average is $11.72.

A number of large investors have recently modified their holdings of WPX. Jennison Associates LLC increased its stake in shares of WPX Energy by 36.8% in the first quarter. Jennison Associates LLC now owns 8,383,200 shares of the oil and gas producer’s stock worth $112,251,000 after buying an additional 2,255,271 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of WPX Energy by 106.0% in the first quarter. Canada Pension Plan Investment Board now owns 323,920 shares of the oil and gas producer’s stock worth $4,337,000 after buying an additional 166,700 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of WPX Energy by 13.9% in the first quarter. Oregon Public Employees Retirement Fund now owns 136,421 shares of the oil and gas producer’s stock worth $1,827,000 after buying an additional 16,697 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of WPX Energy by 6.9% in the first quarter. ProShare Advisors LLC now owns 69,405 shares of the oil and gas producer’s stock worth $929,000 after buying an additional 4,492 shares during the last quarter. Finally, Profund Advisors LLC increased its stake in shares of WPX Energy by 5.9% in the first quarter. Profund Advisors LLC now owns 73,906 shares of the oil and gas producer’s stock worth $990,000 after buying an additional 4,088 shares during the last quarter. 95.03% of the stock is currently owned by institutional investors.

WPX Energy Company Profile

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.

Earnings History and Estimates for WPX Energy (NYSE:WPX)

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