Piper Jaffray Companies reiterated their hold rating on shares of WPX Energy (NYSE:WPX) in a research note issued to investors on Tuesday. They currently have a $17.00 price target on the oil and gas producer’s stock.

WPX has been the subject of a number of other research reports. Citigroup raised WPX Energy from a neutral rating to a buy rating and set a $17.00 price target for the company in a research note on Thursday, November 16th. Stifel Nicolaus set a $19.00 price target on WPX Energy and gave the company a buy rating in a research note on Thursday, October 26th. Northland Securities set a $17.00 price target on WPX Energy and gave the company a buy rating in a research note on Monday, December 11th. Seaport Global Securities raised WPX Energy from a sell rating to a neutral rating in a research note on Tuesday, December 19th. Finally, SunTrust Banks set a $14.00 price target on WPX Energy and gave the company a buy rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $15.82.

WPX Energy (NYSE WPX) opened at $15.07 on Tuesday. WPX Energy has a 52 week low of $8.39 and a 52 week high of $15.13. 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 posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.02. The business had revenue of $224.00 million during the quarter, compared to the consensus estimate of $334.38 million. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. WPX Energy’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. equities research analysts anticipate that WPX Energy will post -0.46 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of WPX. Ontario Teachers Pension Plan Board acquired a new position in WPX Energy during the second quarter worth about $113,000. Financial Counselors Inc. raised its stake in WPX Energy by 9.0% during the second quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after acquiring an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in WPX Energy by 12.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock worth $134,000 after acquiring an additional 1,540 shares in the last quarter. Commonwealth Equity Services Inc acquired a new position in WPX Energy during the third quarter worth about $137,000. Finally, BlueMountain Capital Management LLC raised its stake in WPX Energy by 39.3% during the second quarter. BlueMountain Capital Management LLC now owns 14,532 shares of the oil and gas producer’s stock worth $140,000 after acquiring an additional 4,097 shares in the last quarter. 99.78% of the stock is owned by hedge funds and other institutional investors.

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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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