Shares of WPX Energy Inc (NYSE:WPX) have received an average rating of “Buy” from the twenty-seven ratings firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $12.01.
A number of equities analysts have issued reports on WPX shares. Northland Securities increased their price target on WPX Energy from $7.00 to $7.50 and gave the stock an “outperform” rating in a research report on Monday, July 20th. Seaport Global Securities assumed coverage on WPX Energy in a report on Monday, July 27th. They issued a “neutral” rating on the stock. ValuEngine raised WPX Energy from a “sell” rating to a “hold” rating in a report on Thursday, April 30th. SunTrust Banks dropped their price objective on WPX Energy from $7.00 to $5.00 and set a “hold” rating on the stock in a report on Thursday, April 9th. Finally, Imperial Capital raised their price objective on WPX Energy from $8.00 to $9.00 and gave the company an “outperform” rating in a report on Friday, June 12th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sofos Investments Inc. boosted its stake in WPX Energy by 2,170.9% during the fourth quarter. Sofos Investments Inc. now owns 2,657 shares of the oil and gas producer’s stock worth $50,000 after buying an additional 2,540 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in WPX Energy in the fourth quarter valued at $10,161,000. Signaturefd LLC raised its position in WPX Energy by 241.3% in the first quarter. Signaturefd LLC now owns 8,130 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 5,748 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in WPX Energy in the first quarter valued at $25,000. Finally, Cerebellum GP LLC purchased a new stake in WPX Energy in the second quarter valued at $130,000. 99.83% of the stock is currently owned by institutional investors.
NYSE:WPX opened at $5.97 on Tuesday. WPX Energy has a one year low of $1.94 and a one year 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. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of -3.78, a PEG ratio of 1.37 and a beta of 3.60. The firm’s fifty day moving average is $6.09 and its two-hundred day moving average is $7.06.
WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Wednesday, July 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.02 by $0.10. WPX Energy had a negative net margin of 29.90% and a positive return on equity of 3.77%. The company had revenue of $33.00 million for the quarter, compared to analyst estimates of $593.36 million. During the same period in the prior year, the company earned $0.09 earnings per share. The firm’s revenue was down 95.3% on a year-over-year basis. As a group, equities research analysts predict that WPX Energy will post 0.22 earnings per share for the current fiscal year.
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.
See Also: Systematic Risk
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