WPX Energy Inc (NYSE:WPX) – Equities research analysts at US Capital Advisors lifted their FY2020 earnings per share (EPS) estimates for WPX Energy in a note issued to investors on Wednesday, October 16th. US Capital Advisors analyst C. Horwitz now forecasts that the oil and gas producer will post earnings per share of $0.68 for the year, up from their previous forecast of $0.53. US Capital Advisors also issued estimates for WPX Energy’s FY2021 earnings at $0.73 EPS.

WPX Energy (NYSE:WPX) last posted its earnings results on Monday, August 5th. The oil and gas producer reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. WPX Energy had a net margin of 23.59% and a return on equity of 2.28%. The company had revenue of $695.00 million during the quarter, compared to analysts’ expectations of $566.34 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. WPX Energy’s revenue for the quarter was up 61.6% compared to the same quarter last year.

A number of other equities research analysts have also recently commented on WPX. Barclays set a $14.00 target price on shares of WPX Energy and gave the company a “buy” rating in a research report on Friday, August 30th. Guggenheim set a $18.00 target price on shares of WPX Energy and gave the company a “buy” rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. decreased their target price on shares of WPX Energy from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. Cfra reissued a “buy” rating and set a $11.00 target price on shares of WPX Energy in a research report on Wednesday, September 25th. Finally, Imperial Capital increased their target price on shares of WPX Energy from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $17.28.

NYSE:WPX opened at $9.54 on Monday. WPX Energy has a 52 week low of $8.79 and a 52 week high of $18.65. The firm has a 50 day moving average of $10.54 and a 200 day moving average of $11.35. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 106.00, a PEG ratio of 0.99 and a beta of 2.11.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in WPX Energy by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 38,963,238 shares of the oil and gas producer’s stock valued at $448,467,000 after purchasing an additional 535,995 shares in the last quarter. BlackRock Inc. increased its stake in shares of WPX Energy by 1.2% in the second quarter. BlackRock Inc. now owns 35,615,086 shares of the oil and gas producer’s stock worth $409,929,000 after acquiring an additional 417,423 shares during the period. Jennison Associates LLC increased its stake in shares of WPX Energy by 0.7% in the second quarter. Jennison Associates LLC now owns 10,610,832 shares of the oil and gas producer’s stock worth $122,131,000 after acquiring an additional 70,810 shares during the period. Wells Fargo & Company MN increased its stake in shares of WPX Energy by 32.3% in the second quarter. Wells Fargo & Company MN now owns 8,119,992 shares of the oil and gas producer’s stock worth $93,461,000 after acquiring an additional 1,980,581 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in shares of WPX Energy by 681.6% in the second quarter. Nuveen Asset Management LLC now owns 6,771,429 shares of the oil and gas producer’s stock worth $77,939,000 after acquiring an additional 5,905,052 shares during the period. Institutional investors and hedge funds own 97.61% of the company’s stock.

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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