Zacks: Analysts Expect WPX Energy, Inc. (WPX) to Announce -$0.15 Earnings Per Share
Wall Street analysts expect that WPX Energy, Inc. (NYSE:WPX) will report earnings per share of ($0.15) for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for WPX Energy’s earnings. The highest EPS estimate is ($0.11) and the lowest is ($0.25). WPX Energy posted earnings of ($0.17) per share in the same quarter last year, which suggests a positive year over year growth rate of 11.8%. The business is expected to issue its next earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that WPX Energy will report full-year earnings of ($0.55) per share for the current financial year, with EPS estimates ranging from ($0.65) to ($0.51). For the next financial year, analysts forecast that the business will post earnings of ($0.08) per share, with EPS estimates ranging from ($0.45) to $1.04. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for WPX Energy.
WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, topping the 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 firm had revenue of $413.00 million for the quarter, compared to analysts’ expectations of $301.78 million. During the same period in the previous year, the company posted ($0.28) EPS. The company’s quarterly revenue was up 199.3% compared to the same quarter last year.
Several brokerages have commented on WPX. ValuEngine downgraded shares of WPX Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Credit Suisse Group began coverage on shares of WPX Energy in a research note on Thursday, June 1st. They issued an “outperform” rating and a $18.00 target price for the company. Piper Jaffray Companies lowered their target price on shares of WPX Energy from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday. Barclays PLC set a $10.00 target price on shares of WPX Energy and gave the company a “hold” rating in a research note on Friday, August 4th. Finally, Imperial Capital began coverage on shares of WPX Energy in a research note on Tuesday, July 18th. They issued an “outperform” rating and a $18.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $15.62.
WPX Energy (NYSE:WPX) traded up 2.933% during trading on Wednesday, reaching $11.055. 5,308,902 shares of the company’s stock traded hands. The company’s market cap is $4.40 billion. The firm’s 50 day moving average is $10.07 and its 200 day moving average is $11.03. WPX Energy has a 12 month low of $8.39 and a 12 month high of $16.17.
In related news, insider Clay M. Gaspar sold 35,000 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $10.48, for a total value of $366,800.00. Following the completion of the transaction, the insider now owns 506,326 shares of the company’s stock, valued at $5,306,296.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in WPX Energy by 1.2% in the second quarter. Vanguard Group Inc. now owns 33,553,898 shares of the oil and gas producer’s stock valued at $324,132,000 after purchasing an additional 412,663 shares in the last quarter. BlackRock Inc. grew its position in WPX Energy by 0.6% in the second quarter. BlackRock Inc. now owns 32,391,197 shares of the oil and gas producer’s stock valued at $312,901,000 after purchasing an additional 188,749 shares in the last quarter. State Street Corp grew its position in WPX Energy by 9.5% in the second quarter. State Street Corp now owns 14,691,763 shares of the oil and gas producer’s stock valued at $141,921,000 after purchasing an additional 1,272,719 shares in the last quarter. FMR LLC grew its position in WPX Energy by 22.1% in the second quarter. FMR LLC now owns 12,390,649 shares of the oil and gas producer’s stock valued at $119,693,000 after purchasing an additional 2,244,508 shares in the last quarter. Finally, Shapiro Capital Management LLC grew its position in WPX Energy by 1.5% in the second quarter. Shapiro Capital Management LLC now owns 12,297,864 shares of the oil and gas producer’s stock valued at $118,797,000 after purchasing an additional 177,625 shares in the last quarter. 97.61% of the stock is 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.
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