WPX Energy Inc (NYSE:WPX) has been assigned an average recommendation of “Buy” from the twenty-nine analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $22.96.

A number of equities research analysts have recently issued reports on the company. Bank of America increased their target price on WPX Energy from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Jefferies Financial Group assumed coverage on WPX Energy in a research note on Friday, September 28th. They issued a “buy” rating and a $28.00 target price for the company. ValuEngine upgraded WPX Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Seaport Global Securities set a $28.00 target price on WPX Energy and gave the company a “buy” rating in a research note on Wednesday, October 3rd. Finally, Scotiabank reiterated a “buy” rating and issued a $26.00 target price on shares of WPX Energy in a research note on Thursday, September 27th.

Several hedge funds have recently modified their holdings of WPX. Hartford Financial Management Inc. acquired a new position in shares of WPX Energy during the 2nd quarter valued at $108,000. Qube Research & Technologies Ltd acquired a new position in shares of WPX Energy during the 2nd quarter valued at $108,000. Bayesian Capital Management LP acquired a new position in shares of WPX Energy during the 1st quarter valued at $171,000. SeaBridge Investment Advisors LLC acquired a new position in shares of WPX Energy during the 2nd quarter valued at $177,000. Finally, Usca Ria LLC acquired a new position in shares of WPX Energy during the 2nd quarter valued at $186,000. Institutional investors own 93.74% of the company’s stock.

Shares of WPX stock traded down $0.63 during trading hours on Wednesday, reaching $18.40. The company had a trading volume of 311,440 shares, compared to its average volume of 6,682,406. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.55 and a current ratio of 0.58. WPX Energy has a twelve month low of $9.90 and a twelve month high of $20.80. The firm has a market cap of $8.45 billion, a P/E ratio of -44.05 and a beta of 2.33.

WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $430.00 million during the quarter, compared to analyst estimates of $432.92 million. During the same quarter last year, the firm earned $0.18 earnings per share. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. On average, equities research analysts predict that WPX Energy will post 0.2 EPS for the current year.

About WPX Energy

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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