WPX has been the subject of a number of other research reports. Zacks Investment Research upgraded WPX Energy from a hold rating to a buy rating and set a $11.00 price target for the company in a research report on Thursday, June 30th. Imperial Capital raised their price target on WPX Energy from $11.00 to $13.00 and gave the company an outperform rating in a research report on Thursday, June 23rd. Barclays PLC raised their price target on WPX Energy from $5.00 to $6.00 and gave the company an underweight rating in a research report on Thursday, July 14th. Citigroup Inc. raised their price target on WPX Energy from $14.00 to $15.00 and gave the company a neutral rating in a research report on Monday, September 12th. Finally, Deutsche Bank AG raised their price target on WPX Energy from $11.00 to $12.00 and gave the company a hold rating in a research report on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $11.32.
Shares of WPX Energy (NYSE:WPX) opened at 13.49 on Monday. The firm’s 50-day moving average is $12.38 and its 200 day moving average is $9.93. WPX Energy has a 52 week low of $2.53 and a 52 week high of $13.92. The firm’s market cap is $4.65 billion.
WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm earned $138 million during the quarter, compared to analysts’ expectations of $252.14 million. During the same quarter in the prior year, the business earned ($0.11) EPS. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. Equities research analysts forecast that WPX Energy will post ($0.81) EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the stock. Virginia Retirement System purchased a new position in WPX Energy during the first quarter valued at $263,000. Connable Office Inc. purchased a new position in WPX Energy during the first quarter valued at $104,000. BlackRock Inc. raised its position in WPX Energy by 68.7% in the first quarter. BlackRock Inc. now owns 258,714 shares of the company’s stock valued at $1,808,000 after buying an additional 105,389 shares in the last quarter. BlackRock Group LTD raised its position in WPX Energy by 60.3% in the first quarter. BlackRock Group LTD now owns 316,752 shares of the company’s stock valued at $2,215,000 after buying an additional 119,209 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in WPX Energy by 13.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,589,684 shares of the company’s stock valued at $53,052,000 after buying an additional 917,948 shares in 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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