WPX Energy Inc (WPX) Short Interest Update
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.
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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.
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