J P Morgan Chase & Co reaffirmed their overweight rating on shares of WPX Energy Inc (NYSE:WPX) in a research report sent to investors on Thursday morning. J P Morgan Chase & Co currently has a $17.00 price objective on the oil and gas producer’s stock, up from their prior price objective of $16.00.

Several other brokerages have also recently issued reports on WPX. BidaskClub cut WPX Energy from a sell rating to a strong sell rating in a research report on Tuesday, June 20th. Scotiabank restated a buy rating and issued a $20.00 price target on shares of WPX Energy in a research report on Tuesday, June 13th. Northland Securities set a $20.00 price target on WPX Energy and gave the company a buy rating in a research report on Monday. Stifel Nicolaus set a $18.00 price target on WPX Energy and gave the company a buy rating in a research report on Wednesday, August 16th. Finally, Barclays PLC restated a hold rating and issued a $8.00 price target on shares of WPX Energy in a research report on Friday, July 7th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $15.90.

Shares of WPX Energy (NYSE:WPX) traded up 0.40% on Thursday, reaching $9.95. The company’s stock had a trading volume of 1,583,514 shares. The firm has a 50 day moving average price of $10.04 and a 200-day moving average price of $11.45. WPX Energy has a 12-month low of $8.39 and a 12-month high of $16.17. The stock’s market cap is $3.96 billion.

WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. The firm had revenue of $413 million for the quarter, compared to analysts’ expectations of $301.78 million. WPX Energy had a return on equity of 7.16% and a net margin of 18.40%. The firm’s revenue for the quarter was up 199.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.28) EPS. Equities research analysts expect that WPX Energy will post ($0.52) EPS for the current year.

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Large investors have recently made changes to their positions in the company. Capital Advisors Inc. OK raised its stake in shares of WPX Energy by 2.0% in the second quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock valued at $100,000 after buying an additional 200 shares during the period. Public Employees Retirement Association of Colorado raised its stake in shares of WPX Energy by 0.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 65,020 shares of the oil and gas producer’s stock valued at $628,000 after buying an additional 264 shares during the period. Robotti Robert raised its stake in shares of WPX Energy by 0.9% in the second quarter. Robotti Robert now owns 52,750 shares of the oil and gas producer’s stock valued at $499,000 after buying an additional 450 shares during the period. World Asset Management Inc raised its stake in shares of WPX Energy by 2.8% in the second quarter. World Asset Management Inc now owns 25,120 shares of the oil and gas producer’s stock valued at $243,000 after buying an additional 683 shares during the period. Finally, M&T Bank Corp raised its stake in shares of WPX Energy by 5.0% in the first quarter. M&T Bank Corp now owns 19,161 shares of the oil and gas producer’s stock valued at $257,000 after buying an additional 912 shares during the period. 96.03% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for WPX Energy (NYSE:WPX)

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