WPX Energy Inc (NYSE:WPX) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 25,677,884 shares, an increase of 14.9% from the January 12th total of 22,339,765 shares. Currently, 6.6% of the company’s shares are short sold. Based on an average daily volume of 5,993,487 shares, the days-to-cover ratio is presently 4.3 days.

Shares of WPX Energy (WPX) opened at $13.45 on Tuesday. The company has a market capitalization of $5,360.00, a PE ratio of -27.45, a P/E/G ratio of 11.71 and a beta of 2.48. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. WPX Energy has a twelve month low of $8.39 and a twelve month high of $16.09.

WPX has been the topic of a number of research reports. Citigroup upgraded WPX Energy from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Thursday, November 16th. Robert W. Baird raised their price objective on WPX Energy from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Monday, December 18th. Bank of America raised their price objective on WPX Energy from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th. Barclays upgraded WPX Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $10.00 to $14.00 in a report on Tuesday, November 7th. Finally, Stifel Nicolaus set a $19.00 target price on WPX Energy and gave the company a “buy” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.45.

Hedge funds have recently bought and sold shares of the business. Schroder Investment Management Group increased its holdings in WPX Energy by 31.1% during the 3rd quarter. Schroder Investment Management Group now owns 1,927,805 shares of the oil and gas producer’s stock worth $22,131,000 after purchasing an additional 457,260 shares during the last quarter. Gagnon Securities LLC increased its holdings in WPX Energy by 23.8% during the 3rd quarter. Gagnon Securities LLC now owns 801,028 shares of the oil and gas producer’s stock worth $9,212,000 after purchasing an additional 153,913 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in WPX Energy during the 3rd quarter worth approximately $544,000. Commonwealth Equity Services Inc purchased a new stake in WPX Energy during the 3rd quarter worth approximately $137,000. Finally, Ninepoint Partners LP purchased a new stake in WPX Energy during the 3rd quarter worth approximately $13,512,000. Institutional investors own 99.89% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2018/02/13/wpx-energy-inc-wpx-short-interest-update.html.

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.

Receive News & Ratings for WPX Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy and related companies with MarketBeat.com's FREE daily email newsletter.