Shares of WPX Energy Inc (NYSE:WPX) have earned a consensus rating of “Buy” from the twenty-nine research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $22.96.
A number of equities analysts have recently commented on WPX shares. Zacks Investment Research upgraded WPX Energy from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Wednesday, October 3rd. Bank of America lifted their price objective on WPX Energy from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Jefferies Financial Group started coverage on WPX Energy in a research note on Friday, September 28th. They issued a “buy” rating and a $28.00 price objective on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $26.00 price objective on shares of WPX Energy in a research note on Thursday, August 30th. Finally, Raymond James upgraded WPX Energy from an “outperform” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research note on Monday, August 6th.
Shares of WPX Energy stock traded down $0.63 during trading on Wednesday, reaching $18.40. The company’s stock had a trading volume of 311,440 shares, compared to its average volume of 6,682,406. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.55 and a current ratio of 0.58. The firm has a market capitalization of $8.45 billion, a PE ratio of -44.05 and a beta of 2.33. WPX Energy has a one year low of $9.90 and a one year high of $20.80.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Carillon Tower Advisers Inc. acquired a new stake in WPX Energy during the second quarter valued at approximately $22,708,000. Renaissance Technologies LLC boosted its holdings in WPX Energy by 321.1% during the second quarter. Renaissance Technologies LLC now owns 1,310,600 shares of the oil and gas producer’s stock valued at $23,630,000 after purchasing an additional 999,400 shares in the last quarter. Stevens Capital Management LP boosted its holdings in WPX Energy by 58.2% during the second quarter. Stevens Capital Management LP now owns 139,955 shares of the oil and gas producer’s stock valued at $2,523,000 after purchasing an additional 51,484 shares in the last quarter. Private Advisor Group LLC acquired a new stake in WPX Energy during the second quarter valued at approximately $239,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in WPX Energy by 132.5% during the first 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 in the last quarter. 93.74% of the stock is currently 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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