Shares of WPX Energy, Inc. (NYSE:WPX) were up 5.8% during trading on Wednesday . The company traded as high as $10.69 and last traded at $10.55. Approximately 9,730,317 shares traded hands during trading, an increase of 28% from the average daily volume of 7,628,250 shares. The stock had previously closed at $9.97.
A number of analysts recently commented on WPX shares. BidaskClub lowered WPX Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. Scotiabank reiterated a “buy” rating and set a $20.00 price target on shares of WPX Energy in a report on Tuesday, June 13th. Northland Securities set a $20.00 price target on WPX Energy and gave the stock a “buy” rating in a report on Monday, August 21st. J P Morgan Chase & Co reiterated an “overweight” rating and set a $17.00 price target (up from $16.00) on shares of WPX Energy in a report on Thursday, August 24th. Finally, Stifel Nicolaus set a $18.00 price target on WPX Energy and gave the stock a “buy” rating in a report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company. WPX Energy presently has a consensus rating of “Buy” and an average target price of $15.80.
The company’s market capitalization is $4.18 billion. The firm’s 50-day moving average is $10.09 and its 200 day moving average is $11.10.
WPX Energy (NYSE:WPX) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.02. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. The firm had revenue of $413.00 million for the quarter, compared to analysts’ expectations of $301.78 million. During the same period in the prior year, the firm earned ($0.28) EPS. The company’s revenue was up 199.3% compared to the same quarter last year. On average, equities analysts anticipate that WPX Energy, Inc. will post ($0.51) EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Capital Advisors Inc. OK raised its holdings in WPX Energy by 2.0% in the 2nd quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock worth $100,000 after purchasing an additional 200 shares during the period. Ontario Teachers Pension Plan Board bought a new position in WPX Energy in the 2nd quarter worth $113,000. Financial Counselors Inc. raised its holdings in WPX Energy by 9.0% in the 2nd quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after purchasing an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in WPX Energy by 12.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock worth $134,000 after purchasing an additional 1,540 shares during the period. Finally, BlueMountain Capital Management LLC raised its holdings in WPX Energy by 39.3% in the 2nd quarter. BlueMountain Capital Management LLC now owns 14,532 shares of the oil and gas producer’s stock worth $140,000 after purchasing an additional 4,097 shares during the period. 97.61% of the stock is currently owned by institutional investors.
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WPX Energy Company Profile
WPX Energy, Inc is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States.
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