WPX Energy, Inc. (NYSE:WPX) had its price target lowered by stock analysts at Piper Jaffray Companies from $15.00 to $12.00 in a research note issued on Monday. The firm presently has a “neutral” rating on the oil and gas producer’s stock. Piper Jaffray Companies’ target price points to a potential upside of 12.89% from the stock’s previous close.
A number of other analysts also recently commented on WPX. ValuEngine downgraded shares of WPX Energy from a “hold” rating to a “sell” rating in a report on Monday, August 14th. BidaskClub downgraded shares of WPX Energy from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Northland Securities set a $20.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a report on Monday, August 21st. Stifel Nicolaus set a $18.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a report on Wednesday, August 16th. Finally, Barclays PLC set a $10.00 price objective on shares of WPX Energy and gave the company a “hold” rating in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $15.62.
Shares of WPX Energy (WPX) remained flat at $10.57 during midday trading on Monday. The stock had a trading volume of 522,256 shares. The stock’s market cap is $4.21 billion. WPX Energy has a 52-week low of $8.39 and a 52-week high of $16.17. The stock has a 50-day moving average price of $10.08 and a 200 day moving average price of $11.09.
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, topping the consensus estimate of ($0.16) by $0.02. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The firm had revenue of $413.00 million during the quarter, compared to the consensus estimate of $301.78 million. During the same quarter in the prior year, the firm earned ($0.28) EPS. The company’s revenue for the quarter was up 199.3% on a year-over-year basis. Equities research analysts predict that WPX Energy will post ($0.51) EPS for the current fiscal year.
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In related news, insider Clay M. Gaspar sold 35,000 shares of WPX Energy stock in a transaction on Friday, September 15th. The shares were sold at an average price of $10.48, for a total transaction of $366,800.00. Following the sale, the insider now directly owns 506,326 shares in the company, valued at approximately $5,306,296.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Advisors Inc. OK increased its stake in WPX Energy by 2.0% in the second quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock valued at $100,000 after purchasing an additional 200 shares during the period. Public Employees Retirement Association of Colorado increased its stake in WPX Energy by 0.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 65,020 shares of the oil and gas producer’s stock valued at $628,000 after purchasing an additional 264 shares during the period. Robotti Robert increased its stake in WPX Energy by 0.9% in the second quarter. Robotti Robert now owns 52,750 shares of the oil and gas producer’s stock valued at $499,000 after purchasing an additional 450 shares during the period. World Asset Management Inc increased its stake in WPX Energy by 2.8% in the second quarter. World Asset Management Inc now owns 25,120 shares of the oil and gas producer’s stock valued at $243,000 after purchasing an additional 683 shares during the period. Finally, M&T Bank Corp increased its stake in WPX Energy by 5.0% in the first quarter. M&T Bank Corp now owns 19,161 shares of the oil and gas producer’s stock valued at $257,000 after purchasing an additional 912 shares during the period. Institutional investors own 97.61% of the company’s stock.
About WPX Energy
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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