WPX Energy (WPX) Trading Down 5.3%

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Shares of WPX Energy Inc (NYSE:WPX) fell 5.3% on Thursday . The company traded as low as $15.53 and last traded at $15.58. 5,751,303 shares were traded during trading, a decline of 14% from the average session volume of 6,722,570 shares. The stock had previously closed at $16.45.

A number of brokerages have recently weighed in on WPX. Bank of America increased their price target on WPX Energy from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Jefferies Financial Group began coverage on WPX Energy in a research report on Friday, September 28th. They set a “buy” rating and a $28.00 price target on the stock. ValuEngine upgraded WPX Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Seaport Global Securities set a $28.00 price target on WPX Energy and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. Finally, Scotiabank reiterated a “buy” rating and set a $26.00 price target on shares of WPX Energy in a research report on Thursday, September 27th. Three research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. WPX Energy presently has an average rating of “Buy” and a consensus target price of $23.12.

The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.57. The stock has a market cap of $6.91 billion, a P/E ratio of -37.00 and a beta of 2.34.

WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, October 31st. The oil and gas producer reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). WPX Energy had a negative net margin of 15.79% and a positive return on equity of 0.76%. The business had revenue of $484.00 million during the quarter, compared to analyst estimates of $514.08 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. The firm’s revenue was up 233.8% compared to the same quarter last year. As a group, research analysts forecast that WPX Energy Inc will post 0.2 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Qube Research & Technologies Ltd bought a new position in WPX Energy during the 2nd quarter valued at $108,000. Hartford Financial Management Inc. bought a new position in WPX Energy during the 2nd quarter valued at $108,000. DekaBank Deutsche Girozentrale boosted its stake in WPX Energy by 321.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,237 shares of the oil and gas producer’s stock valued at $158,000 after purchasing an additional 6,281 shares in the last quarter. Meeder Asset Management Inc. bought a new position in WPX Energy during the 3rd quarter valued at $159,000. Finally, SeaBridge Investment Advisors LLC bought a new position in WPX Energy during the 2nd quarter valued at $177,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

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About WPX Energy (NYSE:WPX)

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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