WPX Energy Inc (WPX) Forecasted to Post Q1 2020 Earnings of $0.33 Per Share

WPX Energy Inc (NYSE:WPX) – Stock analysts at B. Riley increased their Q1 2020 earnings estimates for WPX Energy in a research note issued to investors on Thursday, October 18th. B. Riley analyst R. Rashid now anticipates that the oil and gas producer will post earnings of $0.33 per share for the quarter, up from their prior estimate of $0.32. B. Riley also issued estimates for WPX Energy’s Q2 2020 earnings at $0.35 EPS, Q3 2020 earnings at $0.39 EPS and FY2020 earnings at $1.51 EPS.

Several other brokerages also recently issued reports on WPX. BMO Capital Markets reaffirmed a “buy” rating and issued a $25.00 price target on shares of WPX Energy in a report on Thursday, October 11th. US Capital Advisors initiated coverage on shares of WPX Energy in a report on Monday, July 2nd. They issued a “buy” rating on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $26.00 price target on shares of WPX Energy in a report on Thursday, August 30th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $22.00 price target on shares of WPX Energy in a report on Thursday, August 30th. Finally, ValuEngine downgraded shares of WPX Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Two analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $22.88.

Shares of NYSE WPX opened at $18.13 on Friday. WPX Energy has a 12-month low of $9.90 and a 12-month high of $20.80. The stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of -44.13 and a beta of 2.33. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 0.58.

WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. WPX Energy had a negative net margin of 30.02% and a negative return on equity of 0.97%. The company had revenue of $430.00 million for the quarter, compared to the consensus estimate of $432.92 million. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year.

Several large investors have recently bought and sold shares of WPX. Hartford Financial Management Inc. acquired a new position in shares of WPX Energy in the second quarter valued at approximately $108,000. Qube Research & Technologies Ltd acquired a new position in WPX Energy during the second quarter worth approximately $108,000. Bayesian Capital Management LP acquired a new position in WPX Energy during the first quarter worth approximately $171,000. SeaBridge Investment Advisors LLC acquired a new position in WPX Energy during the second quarter worth approximately $177,000. Finally, Usca Ria LLC acquired a new position in WPX Energy during the second quarter worth approximately $186,000. 93.71% of the stock is owned by institutional investors and hedge funds.

About WPX Energy

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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Earnings History and Estimates for WPX Energy (NYSE:WPX)

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