Barclays PLC upgraded shares of WPX Energy Inc. (NYSE:WPX) from an underweight rating to an equal weight rating in a report issued on Monday morning. They currently have $13.00 price objective on the stock, up from their previous price objective of $9.00.
Several other brokerages have also recently issued reports on WPX. BMO Capital Markets reissued a hold rating and set a $13.00 target price on shares of WPX Energy in a report on Wednesday, September 7th. Goldman Sachs Group Inc. raised shares of WPX Energy from a neutral rating to a buy rating and raised their target price for the stock from $10.50 to $14.75 in a report on Wednesday, July 6th. Zacks Investment Research cut shares of WPX Energy from a buy rating to a hold rating in a report on Tuesday, August 9th. Evercore ISI raised shares of WPX Energy from a hold rating to a buy rating and raised their target price for the stock from $14.00 to $16.00 in a report on Friday. Finally, Susquehanna raised their target price on shares of WPX Energy from $15.00 to $18.00 and gave the stock a positive rating in a report on Friday, September 9th. Seven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $11.90.
Shares of WPX Energy (NYSE:WPX) opened at 12.70 on Monday. The firm has a 50-day moving average of $12.56 and a 200 day moving average of $10.28. WPX Energy has a 52 week low of $2.53 and a 52 week high of $13.92. The stock’s market cap is $4.37 billion.
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 Thomson Reuters’ consensus estimate of ($0.21) by $0.07. WPX Energy had a negative return on equity of 6.76% and a negative net margin of 142.42%. The business had revenue of $138 million for the quarter, compared to analysts’ expectations of $252.14 million. During the same period last year, the business earned ($0.11) EPS. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. On average, equities analysts forecast that WPX Energy will post ($0.81) EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of WPX. Veritable L.P. increased its stake in 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 period. ProShare Advisors LLC increased its stake in WPX Energy by 0.4% in the second quarter. ProShare Advisors LLC now owns 50,835 shares of the company’s stock worth $473,000 after buying an additional 183 shares during the period. Janus Capital Management LLC increased its stake in WPX Energy by 5.0% in the second quarter. Janus Capital Management LLC now owns 12,700 shares of the company’s stock worth $118,000 after buying an additional 600 shares during the period. Mariner Wealth Advisors LLC increased its stake in WPX Energy by 0.8% in the first quarter. Mariner Wealth Advisors LLC now owns 93,655 shares of the company’s stock worth $655,000 after buying an additional 720 shares during the period. Finally, M&T Bank Corp increased its stake in 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 period. 93.91% of the stock is currently owned by institutional investors.
WPX Energy Company Profile
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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