Credit Suisse Group started coverage on shares of WPX Energy (NYSE:WPX) in a report issued on Monday. The firm set an “outperform” rating and a $15.00 price target on the oil and gas producer’s stock. Credit Suisse Group’s price objective points to a potential upside of 15.83% from the stock’s previous close.

Several other equities analysts also recently commented on WPX. Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, October 12th. BMO Capital Markets set a $14.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a research note on Tuesday, October 10th. Stifel Nicolaus set a $18.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a research note on Wednesday, August 16th. Northland Securities set a $20.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a research note on Monday, August 21st. Finally, Bank of America initiated coverage on shares of WPX Energy in a research note on Monday, October 16th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $15.61.

Shares of WPX Energy (NYSE:WPX) traded up $0.04 during trading on Monday, hitting $12.95. 3,829,100 shares of the stock were exchanged, compared to its average volume of 7,349,168. WPX Energy has a 12 month low of $8.39 and a 12 month high of $15.91. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 0.73.

WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. WPX Energy had a negative net margin of 12.65% and a negative return on equity of 5.20%. The company had revenue of $224.00 million during the quarter, compared to the consensus estimate of $334.38 million. During the same quarter in the prior year, the firm posted ($0.17) EPS. The firm’s quarterly revenue was down 10.8% on a year-over-year basis. research analysts forecast that WPX Energy will post -0.46 earnings per share for the current year.

In other WPX Energy news, insider Clay M. Gaspar sold 35,000 shares of the company’s stock in a transaction that occurred 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 directly owns 506,326 shares in the company, valued at approximately $5,306,296.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in WPX. Key Group Holdings Cayman LTD. increased its position in shares of WPX Energy by 513.9% during the second quarter. Key Group Holdings Cayman LTD. now owns 4,451,556 shares of the oil and gas producer’s stock worth $43,002,000 after buying an additional 3,726,451 shares during the period. Balyasny Asset Management LLC increased its position in shares of WPX Energy by 5,688.3% during the second quarter. Balyasny Asset Management LLC now owns 3,728,177 shares of the oil and gas producer’s stock worth $36,014,000 after buying an additional 3,663,768 shares during the period. Ameriprise Financial Inc. increased its position in shares of WPX Energy by 57.4% during the third quarter. Ameriprise Financial Inc. now owns 8,773,877 shares of the oil and gas producer’s stock worth $100,865,000 after buying an additional 3,200,766 shares during the period. Jennison Associates LLC increased its position in shares of WPX Energy by 31.2% during the second quarter. Jennison Associates LLC now owns 10,995,002 shares of the oil and gas producer’s stock worth $106,212,000 after buying an additional 2,611,802 shares during the period. Finally, FMR LLC increased its position in shares of WPX Energy by 22.1% during the second quarter. FMR LLC now owns 12,390,649 shares of the oil and gas producer’s stock worth $119,693,000 after buying an additional 2,244,508 shares during the period. Hedge funds and other institutional investors own 99.81% of the company’s stock.

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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.

Analyst Recommendations for WPX Energy (NYSE:WPX)

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