WPX Energy (NYSE:WPX)‘s stock had its “buy” rating reaffirmed by investment analysts at Stifel Nicolaus in a report issued on Thursday. They currently have a $26.00 target price on the oil and gas producer’s stock. Stifel Nicolaus’ price target indicates a potential upside of 37.57% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the company. Piper Jaffray Companies reiterated a “buy” rating and issued a $22.00 target price on shares of WPX Energy in a report on Thursday. KLR Group reiterated a “buy” rating and issued a $27.00 target price on shares of WPX Energy in a report on Monday, August 20th. Zacks Investment Research cut WPX Energy from a “buy” rating to a “hold” rating in a report on Monday, August 20th. ValuEngine cut WPX Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Raymond James upgraded WPX Energy from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a report on Monday, August 6th. Three investment analysts have rated the stock with a hold rating, twenty-two have issued 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 target price of $22.04.

Shares of WPX stock traded down $0.31 during mid-day trading on Thursday, hitting $18.90. 29,249 shares of the company’s stock were exchanged, compared to its average volume of 5,009,357. WPX Energy has a fifty-two week low of $9.38 and a fifty-two week high of $19.78. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of -45.25 and a beta of 2.30.

WPX Energy (NYSE:WPX) last issued its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.04. WPX Energy had a negative return on equity of 0.97% and a negative net margin of 30.02%. The firm had revenue of $430.00 million for the quarter, compared to analysts’ expectations of $432.92 million. During the same quarter last year, the firm earned $0.18 earnings per share. The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. analysts anticipate that WPX Energy will post 0.22 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in WPX. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of WPX Energy by 14.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,861 shares of the oil and gas producer’s stock worth $353,000 after acquiring an additional 2,924 shares during the last quarter. Neuburgh Advisers LLC increased its position in shares of WPX Energy by 9.1% during the first quarter. Neuburgh Advisers LLC now owns 36,322 shares of the oil and gas producer’s stock worth $537,000 after acquiring an additional 3,036 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of WPX Energy by 18.6% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 19,864 shares of the oil and gas producer’s stock worth $358,000 after acquiring an additional 3,111 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of WPX Energy by 3.2% during the second quarter. Louisiana State Employees Retirement System now owns 107,900 shares of the oil and gas producer’s stock worth $1,945,000 after acquiring an additional 3,300 shares during the last quarter. Finally, Aperio Group LLC increased its position in shares of WPX Energy by 3.8% during the second quarter. Aperio Group LLC now owns 92,485 shares of the oil and gas producer’s stock worth $1,668,000 after acquiring an additional 3,361 shares during the last quarter. 93.77% of the stock is currently owned by institutional investors.

WPX Energy Company Profile

WPX Energy, Inc, an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.

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Analyst Recommendations for WPX Energy (NYSE:WPX)

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