WPX Energy (WPX) Hits New 12-Month High and Low at $16.95

Shares of WPX Energy (NYSE:WPX) hit a new 52-week high and low during trading on Thursday . The stock traded as low as $16.95 and last traded at $16.70, with a volume of 5252026 shares trading hands. The stock had previously closed at $16.50.

Several analysts have commented on the stock. Piper Jaffray reiterated a “buy” rating and set a $18.00 target price on shares of WPX Energy in a research report on Wednesday. SunTrust Banks set a $22.00 target price on shares of WPX Energy and gave the company a “buy” rating in a research report on Monday. ValuEngine upgraded shares of WPX Energy from a “sell” rating to a “hold” rating in a research report on Friday, April 13th. National Alliance Securities upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Monday, April 9th. Finally, Stifel Nicolaus set a $29.00 target price on shares of WPX Energy and gave the company a “buy” rating in a research report on Wednesday, March 28th. Four research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $18.45.

The firm has a market cap of $6,303.57, a PE ratio of -39.60 and a beta of 2.29. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.71 and a current ratio of 0.76.

WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.06. WPX Energy had a negative net margin of 1.20% and a negative return on equity of 3.83%. The company had revenue of $238.00 million during the quarter, compared to analyst estimates of $410.78 million. During the same quarter in the previous year, the business earned ($0.16) EPS. The firm’s revenue was up 170.5% on a year-over-year basis. equities research analysts anticipate that WPX Energy will post 0.03 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC acquired a new position in WPX Energy in the 4th quarter worth $3,542,000. Castleark Management LLC acquired a new position in WPX Energy in the 4th quarter worth $2,683,000. Jane Street Group LLC boosted its stake in WPX Energy by 109.2% in the 4th quarter. Jane Street Group LLC now owns 89,509 shares of the oil and gas producer’s stock worth $1,259,000 after purchasing an additional 46,723 shares during the period. LPL Financial LLC boosted its stake in WPX Energy by 10.9% in the 4th quarter. LPL Financial LLC now owns 88,282 shares of the oil and gas producer’s stock worth $1,242,000 after purchasing an additional 8,707 shares during the period. Finally, Millennium Management LLC boosted its stake in WPX Energy by 83.1% in the 4th quarter. Millennium Management LLC now owns 14,867,732 shares of the oil and gas producer’s stock worth $209,189,000 after purchasing an additional 6,748,268 shares during the period. 99.74% of the stock is owned by hedge funds and other institutional investors.

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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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