Wall Street brokerages forecast that WPX Energy Inc (NYSE:WPX) will post $639.95 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for WPX Energy’s earnings, with the highest sales estimate coming in at $664.00 million and the lowest estimate coming in at $594.00 million. WPX Energy reported sales of $544.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 17.6%. The business is expected to announce its next quarterly earnings results after the market closes on Wednesday, February 26th.

On average, analysts expect that WPX Energy will report full-year sales of $2.47 billion for the current financial year, with estimates ranging from $2.44 billion to $2.51 billion. For the next financial year, analysts anticipate that the business will report sales of $3.60 billion, with estimates ranging from $3.48 billion to $3.79 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for WPX Energy.

A number of analysts have issued reports on WPX shares. Imperial Capital reaffirmed an “outperform” rating and issued a $17.00 target price (up from $13.00) on shares of WPX Energy in a research note on Tuesday, December 17th. Piper Jaffray Companies raised their target price on WPX Energy from $13.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Siebert Williams Shank raised their target price on WPX Energy from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Stifel Nicolaus raised their target price on WPX Energy from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, TheStreet downgraded WPX Energy from a “b-” rating to a “c+” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $16.73.

Shares of WPX traded down $0.06 during midday trading on Tuesday, reaching $11.89. The company had a trading volume of 5,378,000 shares, compared to its average volume of 6,706,806. WPX Energy has a 1-year low of $8.79 and a 1-year high of $15.32. The stock has a market cap of $4.94 billion, a PE ratio of 6.87, a price-to-earnings-growth ratio of 0.51 and a beta of 2.29. The firm has a 50 day simple moving average of $12.80 and a 200-day simple moving average of $11.07. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.47.

In other news, Director Karl F. Kurz bought 10,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was bought at an average cost of $11.31 per share, with a total value of $113,100.00. Following the transaction, the director now directly owns 64,367 shares in the company, valued at approximately $727,990.77. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.59% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WPX. Squarepoint Ops LLC boosted its stake in shares of WPX Energy by 456.0% in the 3rd quarter. Squarepoint Ops LLC now owns 867,959 shares of the oil and gas producer’s stock valued at $9,192,000 after buying an additional 711,859 shares during the period. Wetherby Asset Management Inc. purchased a new position in shares of WPX Energy in the 3rd quarter valued at about $145,000. California Public Employees Retirement System lifted its stake in WPX Energy by 14.4% during the third quarter. California Public Employees Retirement System now owns 781,025 shares of the oil and gas producer’s stock worth $8,271,000 after purchasing an additional 98,293 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in WPX Energy by 6.4% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 120,439 shares of the oil and gas producer’s stock worth $1,275,000 after purchasing an additional 7,236 shares during the last quarter. Finally, Phocas Financial Corp. lifted its stake in WPX Energy by 27,573.6% during the third quarter. Phocas Financial Corp. now owns 747,188 shares of the oil and gas producer’s stock worth $7,912,000 after purchasing an additional 744,488 shares during the last quarter. 98.36% of the stock is owned by institutional investors.

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 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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