WPX Energy Inc (NYSE:WPX) – Equities research analysts at KeyCorp cut their Q1 2019 earnings estimates for WPX Energy in a research report issued to clients and investors on Sunday, April 21st. KeyCorp analyst L. Mariani now anticipates that the oil and gas producer will earn $0.02 per share for the quarter, down from their previous forecast of $0.04. KeyCorp has a “Overweight” rating and a $17.00 price target on the stock. KeyCorp also issued estimates for WPX Energy’s Q2 2019 earnings at $0.05 EPS and Q4 2019 earnings at $0.09 EPS.

A number of other equities analysts also recently issued reports on WPX. Raymond James set a $21.00 price target on WPX Energy and gave the stock a “buy” rating in a research report on Sunday, December 30th. B. Riley set a $13.00 price target on WPX Energy and gave the stock a “buy” rating in a research report on Sunday, December 30th. ValuEngine raised WPX Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Williams Capital initiated coverage on WPX Energy in a research report on Tuesday, January 8th. They set a “buy” rating and a $21.00 price target on the stock. Finally, Barclays started coverage on WPX Energy in a research report on Wednesday, January 16th. They set an “overweight” rating and a $20.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $20.73.

Shares of WPX stock opened at $14.74 on Tuesday. The firm has a market cap of $6.22 billion, a PE ratio of 163.78, a price-to-earnings-growth ratio of 1.55 and a beta of 2.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.97 and a current ratio of 1.03. WPX Energy has a 12-month low of $9.89 and a 12-month high of $20.80.

WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, February 20th. The oil and gas producer reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The business had revenue of $554.00 million for the quarter, compared to analyst estimates 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 period in the previous year, the company posted ($0.02) earnings per share.

A number of large investors have recently bought and sold shares of WPX. Tortoise Capital Advisors L.L.C. boosted its holdings in WPX Energy by 4.0% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 757,516 shares of the oil and gas producer’s stock valued at $15,241,000 after purchasing an additional 29,156 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in WPX Energy by 2.9% in the third quarter. The Manufacturers Life Insurance Company now owns 655,748 shares of the oil and gas producer’s stock valued at $13,193,000 after purchasing an additional 18,512 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in WPX Energy in the third quarter valued at $124,000. Macquarie Group Ltd. boosted its holdings in WPX Energy by 16.5% in the third quarter. Macquarie Group Ltd. now owns 324,590 shares of the oil and gas producer’s stock valued at $6,531,000 after purchasing an additional 45,950 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in WPX Energy by 618.1% in the third quarter. AQR Capital Management LLC now owns 576,185 shares of the oil and gas producer’s stock valued at $11,593,000 after purchasing an additional 495,947 shares during the last quarter. 96.83% 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 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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