WPX Energy Inc. (NYSE:WPX) – Stock analysts at FBR & Co issued their Q3 2016 earnings per share estimates for shares of WPX Energy in a note issued to investors on Tuesday. FBR & Co analyst C. Mabry expects that the firm will post earnings per share of ($0.14) for the quarter. FBR & Co currently has a “Outperform” rating and a $16.00 price target on the stock. FBR & Co also issued estimates for WPX Energy’s Q4 2016 earnings at ($0.13) EPS, FY2016 earnings at ($0.74) EPS, FY2017 earnings at ($0.66) EPS and FY2018 earnings at ($0.46) EPS.
Several other research firms have also commented on WPX. Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Thursday, June 30th. Imperial Capital lifted their price target on shares of WPX Energy from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Thursday, June 23rd. Barclays PLC lifted their price target on shares of WPX Energy from $5.00 to $6.00 and gave the company an “underweight” rating in a report on Thursday, July 14th. Citigroup Inc. lifted their price target on shares of WPX Energy from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, September 12th. Finally, Wunderlich boosted their target price on shares of WPX Energy from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, October 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $11.53.
WPX Energy (NYSE:WPX) opened at 12.43 on Thursday. The stock’s market capitalization is $4.28 billion. The firm has a 50-day moving average of $12.54 and a 200-day moving average of $10.19. WPX Energy has a one year low of $2.53 and a one year high of $13.92.
WPX Energy (NYSE:WPX) last issued its earnings results on Thursday, August 4th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.07. WPX Energy had a negative net margin of 142.42% and a negative return on equity of 6.76%. The company earned $138 million during the quarter, compared to analysts’ expectations of $252.14 million. During the same period last year, the business posted ($0.11) earnings per share. The company’s quarterly revenue was down 10.4% on a year-over-year basis.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board purchased a new position in WPX Energy during the second quarter valued at $100,000. Veritable L.P. increased its position in shares of WPX Energy by 1.6% in the second quarter. Veritable L.P. now owns 10,755 shares of the company’s stock worth $100,000 after buying an additional 168 shares during the last quarter. Cypress Capital Management LLC WY bought a new position in shares of WPX Energy during the second quarter worth approximately $104,000. M&T Bank Corp increased its position in shares of WPX Energy by 7.4% in the first quarter. M&T Bank Corp now owns 16,040 shares of the company’s stock worth $112,000 after buying an additional 1,105 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of WPX Energy by 22.9% in the second quarter. Raymond James & Associates now owns 12,440 shares of the company’s stock worth $116,000 after buying an additional 2,320 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.
About WPX Energy
WPX Energy, Inc is an independent oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of long-life unconventional properties. It is engaged in the domestic development, production and gas management activities of oil, natural gas and natural gas liquids (NGLs) segment.
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