Analysts predict that WPX Energy Inc (NYSE:WPX) will report $554.17 million in sales for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have made estimates for WPX Energy’s earnings, with the highest sales estimate coming in at $596.40 million and the lowest estimate coming in at $517.40 million. WPX Energy posted sales of $374.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 48.2%. The company is scheduled to issue its next earnings results after the market closes on Wednesday, May 1st.

According to Zacks, analysts expect that WPX Energy will report full-year sales of $2.36 billion for the current fiscal year, with estimates ranging from $2.22 billion to $2.50 billion. For the next financial year, analysts expect that the company will post sales of $2.83 billion, with estimates ranging from $2.54 billion to $4.17 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover WPX Energy.

WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, February 20th. The oil and gas producer reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.03). The firm had revenue of $554.00 million during the quarter, compared to the consensus estimate of $550.84 million. WPX Energy had a return on equity of 1.09% and a net margin of 6.54%. The business’s revenue for the quarter was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.02) EPS.

A number of equities analysts recently issued reports on WPX shares. Barclays started coverage on shares of WPX Energy in a research note on Wednesday, January 16th. They issued an “overweight” rating and a $20.00 price target on the stock. Williams Capital reiterated a “buy” rating and issued a $21.00 price target on shares of WPX Energy in a research note on Thursday, February 21st. Mizuho started coverage on shares of WPX Energy in a research note on Tuesday, January 29th. They issued a “neutral” rating and a $14.00 price target on the stock. Raymond James set a $21.00 price target on shares of WPX Energy and gave the stock a “buy” rating in a research note on Sunday, December 30th. Finally, B. Riley set a $13.00 target price on shares of WPX Energy and gave the company a “buy wpx” rating in a research note on Monday, December 24th. Four investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $20.85.

Large investors have recently modified their holdings of the company. Highwater Wealth Management LLC bought a new position in shares of WPX Energy in the 4th quarter worth approximately $32,000. Phocas Financial Corp. bought a new position in shares of WPX Energy in the 4th quarter worth approximately $31,000. IFP Advisors Inc lifted its stake in shares of 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 purchasing an additional 3,541 shares during the period. Paragon Capital Management LLC bought a new position in shares of WPX Energy in the 1st quarter worth approximately $66,000. Finally, Berman Capital Advisors LLC bought a new position in shares of WPX Energy in the 4th quarter worth approximately $60,000. Hedge funds and other institutional investors own 96.83% of the company’s stock.

Shares of WPX Energy stock opened at $14.74 on Friday. The stock has a market capitalization of $6.22 billion, a P/E ratio of 163.78, a PEG ratio of 1.65 and a beta of 2.31. WPX Energy has a 1 year low of $9.89 and a 1 year high of $20.80. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.58.

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 operates 657 wells and owns interests in 808 wells covering an area of approximately 130,000 net acres located in Delaware Basin, Texas and New Mexico; and operates 323 wells and owns interests in 87 wells that covers an area of approximately 85,087 net acres situated in the Williston Basin, North Dakota.

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Earnings History and Estimates for WPX Energy (NYSE:WPX)

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