US Capital Advisors initiated coverage on shares of WPX Energy (NYSE:WPX) in a research note issued to investors on Monday. The firm issued a buy rating on the oil and gas producer’s stock.
Several other analysts have also issued reports on WPX. Bank of America raised their price target on shares of WPX Energy from $19.00 to $20.00 and gave the stock a buy rating in a research report on Thursday, March 8th. Citigroup set a $20.00 price target on shares of WPX Energy and gave the stock a buy rating in a research report on Friday, March 9th. Johnson Rice started coverage on shares of WPX Energy in a research report on Wednesday, March 21st. They issued a buy rating and a $23.00 price target on the stock. Stifel Nicolaus set a $29.00 price target on shares of WPX Energy and gave the stock a buy rating in a research report on Wednesday, March 28th. Finally, National Alliance Securities upgraded shares of WPX Energy from a hold rating to a buy rating and set a $15.00 price target on the stock in a research report on Monday, April 9th. Two analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $20.05.
Get WPX Energy alerts:WPX Energy opened at $18.49 on Monday, MarketBeat Ratings reports. WPX Energy has a 1 year low of $8.87 and a 1 year high of $19.23. The company has a current ratio of 1.26, a quick ratio of 1.22 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $7.17 billion, a P/E ratio of -44.02 and a beta of 2.25.
WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, May 2nd. The oil and gas producer reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). The firm had revenue of $374.00 million during the quarter, compared to analyst estimates of $367.86 million. WPX Energy had a negative net margin of 17.85% and a negative return on equity of 2.99%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.15) earnings per share. research analysts forecast that WPX Energy will post 0.02 EPS for the current year.
In other news, VP Stephen L. Faulkner, Jr. sold 8,100 shares of the firm’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $18.87, for a total transaction of $152,847.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Dennis C. Cameron sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $18.19, for a total transaction of $181,900.00. Following the transaction, the senior vice president now directly owns 172,104 shares of the company’s stock, valued at $3,130,571.76. The disclosure for this sale can be found here. Insiders have sold a total of 138,100 shares of company stock valued at $2,518,797 over the last ninety days. 1.50% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. bought a new position in WPX Energy during the 4th quarter valued at about $114,000. Avestar Capital LLC bought a new position in WPX Energy during the 4th quarter valued at about $131,000. Bayesian Capital Management LP bought a new position in WPX Energy during the 1st quarter valued at about $171,000. Cubist Systematic Strategies LLC lifted its holdings in WPX Energy by 132.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 13,219 shares of the oil and gas producer’s stock valued at $195,000 after purchasing an additional 7,534 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in WPX Energy by 110.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 15,324 shares of the oil and gas producer’s stock valued at $226,000 after purchasing an additional 8,031 shares during the last quarter. 99.33% of the stock is owned by institutional investors.
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's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.
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