WPX Energy (WPX) Given a $18.00 Price Target by JPMorgan Chase & Co. Analysts

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JPMorgan Chase & Co. set a $18.00 target price on WPX Energy (NYSE:WPX) in a research report sent to investors on Friday morning. The brokerage currently has a buy rating on the oil and gas producer’s stock.

Several other equities research analysts have also weighed in on WPX. ValuEngine lowered WPX Energy from a buy rating to a hold rating in a report on Wednesday, August 15th. Zacks Investment Research lowered WPX Energy from a buy rating to a hold rating in a report on Monday, August 20th. KLR Group reissued a buy rating and issued a $27.00 price objective on shares of WPX Energy in a report on Monday, August 20th. Piper Jaffray Companies reissued a buy rating and issued a $22.00 price objective on shares of WPX Energy in a report on Thursday, August 30th. Finally, Stifel Nicolaus reissued a buy rating and issued a $26.00 price objective on shares of WPX Energy in a report on Thursday, August 30th. Two research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. WPX Energy currently has a consensus rating of Buy and an average target price of $22.75.

Shares of WPX Energy stock traded down $0.02 during trading hours on Friday, hitting $13.20. 9,786,781 shares of the company’s stock traded hands, compared to its average volume of 6,076,843. WPX Energy has a 12-month low of $12.29 and a 12-month high of $20.80. The firm has a market cap of $5.56 billion, a PE ratio of -31.43 and a beta of 2.40. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.51 and a quick ratio of 0.47.

WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, October 31st. The oil and gas producer reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). WPX Energy had a positive return on equity of 0.76% and a negative net margin of 15.79%. The firm had revenue of $484.00 million during the quarter, compared to analysts’ expectations of $514.08 million. During the same period last year, the business posted ($0.10) EPS. The company’s revenue was up 233.8% compared to the same quarter last year. As a group, equities analysts anticipate that WPX Energy will post 0.17 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Third Point LLC bought a new stake in WPX Energy in the 3rd quarter worth approximately $63,094,000. Point72 Asset Management L.P. lifted its position in WPX Energy by 267.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 4,070,164 shares of the oil and gas producer’s stock worth $73,385,000 after buying an additional 2,963,264 shares during the last quarter. Van ECK Associates Corp lifted its position in WPX Energy by 2,746.3% in the 2nd quarter. Van ECK Associates Corp now owns 2,689,435 shares of the oil and gas producer’s stock worth $48,491,000 after buying an additional 2,594,946 shares during the last quarter. Vanguard Group Inc. lifted its position in WPX Energy by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 36,939,299 shares of the oil and gas producer’s stock worth $743,219,000 after buying an additional 1,847,610 shares during the last quarter. Finally, Selz Capital LLC bought a new stake in WPX Energy in the 3rd quarter worth approximately $28,079,000. 94.82% 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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Analyst Recommendations for WPX Energy (NYSE:WPX)

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