WPX Energy (NYSE:WPX) had its price objective hoisted by Bank of America from $19.00 to $20.00 in a report released on Thursday. The firm currently has a buy rating on the oil and gas producer’s stock.

Other equities analysts also recently issued reports about the company. Deutsche Bank assumed coverage on WPX Energy in a report on Thursday, February 1st. They set a buy rating and a $19.00 price target for the company. Robert W. Baird raised their price target on WPX Energy from $15.00 to $17.00 and gave the company an outperform rating in a report on Monday, December 18th. B. Riley assumed coverage on WPX Energy in a report on Monday, February 5th. They set a buy rating and a $20.00 price target for the company. Stifel Nicolaus set a $27.00 price target on WPX Energy and gave the company a buy rating in a report on Monday, February 5th. Finally, Imperial Capital restated an outperform rating and set a $24.00 price target (up from $20.00) on shares of WPX Energy in a report on Friday, February 23rd. 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 issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $18.12.

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WPX Energy (WPX) opened at $14.47 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $5,760.00, a price-to-earnings ratio of -46.68 and a beta of 2.41. WPX Energy has a twelve month low of $8.39 and a twelve month high of $16.09.

WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.06. WPX Energy had a negative return on equity of 3.83% and a negative net margin of 1.20%. The firm had revenue of $238.00 million during the quarter, compared to the consensus estimate of $410.78 million. During the same period last year, the company earned ($0.16) earnings per share. The company’s revenue was up 170.5% on a year-over-year basis. equities analysts forecast that WPX Energy will post 0.01 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its position in shares of WPX Energy by 0.6% during the fourth quarter. California State Teachers Retirement System now owns 665,760 shares of the oil and gas producer’s stock valued at $9,367,000 after buying an additional 3,835 shares during the last quarter. Amalgamated Bank boosted its position in shares of WPX Energy by 6.1% during the fourth quarter. Amalgamated Bank now owns 76,939 shares of the oil and gas producer’s stock valued at $1,083,000 after buying an additional 4,426 shares during the last quarter. Meadow Creek Investment Management LLC boosted its position in shares of WPX Energy by 22.6% during the fourth quarter. Meadow Creek Investment Management LLC now owns 24,208 shares of the oil and gas producer’s stock valued at $341,000 after buying an additional 4,464 shares during the last quarter. Pitcairn Co. boosted its position in shares of WPX Energy by 24.7% during the third quarter. Pitcairn Co. now owns 29,173 shares of the oil and gas producer’s stock valued at $336,000 after buying an additional 5,770 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in WPX Energy by 51.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,937 shares of the oil and gas producer’s stock worth $295,000 after purchasing an additional 7,080 shares during the last quarter. 99.36% of the stock is currently owned by 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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