WPX Energy Inc (NYSE:WPX) – Seaport Global Securities dropped their FY2019 earnings estimates for WPX Energy in a report released on Monday, February 4th. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas producer will post earnings per share of $0.28 for the year, down from their prior estimate of $0.33. Seaport Global Securities currently has a “Buy” rating and a $20.00 price objective on the stock.

A number of other brokerages also recently issued reports on WPX. Wells Fargo & Co started coverage on shares of WPX Energy in a research report on Tuesday, October 23rd. They set an “outperform” rating and a $27.00 price objective for the company. Raymond James set a $21.00 price objective on shares of WPX Energy and gave the company a “buy wpx” rating in a research report on Monday, December 24th. KeyCorp started coverage on shares of WPX Energy in a research report on Thursday, December 20th. They set an “overweight” rating and a $16.00 price objective for the company. ValuEngine downgraded shares of WPX Energy from a “buy” rating to a “hold” rating in a research report on Monday, October 29th. Finally, Williams Capital started coverage on shares of WPX Energy in a research report on Tuesday, January 8th. They set a “buy” rating and a $21.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-eight have assigned a buy rating to the company. WPX Energy presently has an average rating of “Buy” and an average price target of $21.63.

Shares of WPX opened at $11.91 on Thursday. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of -28.36, a P/E/G ratio of 0.95 and a beta of 2.23. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.57. WPX Energy has a 1-year low of $9.89 and a 1-year high of $20.80.

Institutional investors have recently modified their holdings of the stock. Highwater Wealth Management LLC bought a new position in WPX Energy in the 4th quarter worth $32,000. IFP Advisors Inc boosted its holdings in WPX Energy by 309.0% in the 4th quarter. IFP Advisors Inc now owns 4,687 shares of the oil and gas producer’s stock worth $52,000 after buying an additional 3,541 shares during the period. Hartford Financial Management Inc. boosted its holdings in WPX Energy by 13.3% in the 4th quarter. Hartford Financial Management Inc. now owns 6,800 shares of the oil and gas producer’s stock worth $77,000 after buying an additional 800 shares during the period. Penserra Capital Management LLC boosted its holdings in WPX Energy by 75.8% in the 4th quarter. Penserra Capital Management LLC now owns 10,392 shares of the oil and gas producer’s stock worth $117,000 after buying an additional 4,480 shares during the period. Finally, Piedmont Investment Advisors Inc. bought a new position in WPX Energy in the 4th quarter worth $120,000. 93.75% of the stock is 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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Earnings History and Estimates for WPX Energy (NYSE:WPX)

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