WPX Energy Inc (NYSE:WPX) has been assigned an average rating of “Buy” from the twenty-five brokerages that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $13.09.

A number of analysts recently weighed in on WPX shares. Siebert Williams Shank reiterated a “buy” rating and issued a $18.00 price target on shares of WPX Energy in a research report on Thursday, February 27th. Piper Sandler lowered shares of WPX Energy from an “overweight” rating to a “neutral” rating in a report on Monday, March 9th. Credit Suisse Group reissued an “outperform” rating and issued a $8.00 target price on shares of WPX Energy in a research note on Thursday, March 19th. Wells Fargo & Co cut their price objective on WPX Energy from $18.00 to $12.00 and set an “overweight” rating on the stock in a report on Tuesday, March 10th. Finally, TD Securities cut their price target on shares of WPX Energy from $17.50 to $16.00 and set a “buy” rating on the stock in a research note on Friday, February 28th.

In other news, Director Robert Herdman bought 35,000 shares of the business’s stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $3.37 per share, for a total transaction of $117,950.00. Following the purchase, the director now owns 52,807 shares of the company’s stock, valued at approximately $177,959.59. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Clay M. Gaspar acquired 25,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were bought at an average price of $3.81 per share, for a total transaction of $95,250.00. Following the purchase, the chief operating officer now owns 926,621 shares in the company, valued at $3,530,426.01. The disclosure for this purchase can be found here. Insiders acquired a total of 65,000 shares of company stock worth $240,325 in the last 90 days. Company insiders own 1.33% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in shares of WPX Energy by 9.9% during the 4th quarter. Bank of America Corp DE now owns 3,476,175 shares of the oil and gas producer’s stock worth $47,761,000 after purchasing an additional 313,062 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of WPX Energy during the 4th quarter worth approximately $1,233,000. Great West Life Assurance Co. Can bought a new stake in shares of WPX Energy during the 4th quarter worth approximately $2,778,000. Calamos Advisors LLC bought a new stake in shares of WPX Energy during the 4th quarter worth approximately $536,000. Finally, Advisor Group Inc. increased its holdings in shares of WPX Energy by 175.0% during the 4th quarter. Advisor Group Inc. now owns 69,531 shares of the oil and gas producer’s stock worth $954,000 after acquiring an additional 44,246 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.

NYSE WPX opened at $5.36 on Thursday. The stock has a fifty day moving average of $4.52 and a 200-day moving average of $9.06. The stock has a market capitalization of $2.38 billion, a P/E ratio of -41.23, a price-to-earnings-growth ratio of 1.69 and a beta of 3.67. WPX Energy has a 52 week low of $1.94 and a 52 week high of $14.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.64 and a current ratio of 1.68.

WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. WPX Energy had a positive return on equity of 3.13% and a negative net margin of 2.52%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $625.59 million. During the same period in the previous year, the firm earned $0.05 earnings per share. The firm’s quarterly revenue was up 289.4% compared to the same quarter last year. Equities research analysts forecast that WPX Energy will post 0.16 earnings per share for the current fiscal year.

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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Analyst Recommendations for WPX Energy (NYSE:WPX)

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