WPX Energy, Inc. (NYSE:WPX) had its price target upped by Bank of America Corporation from $16.00 to $17.00 in a report released on Tuesday morning. The brokerage currently has a buy rating on the oil and gas producer’s stock.
A number of other research firms have also commented on WPX. BMO Capital Markets reaffirmed a buy rating and set a $16.00 price objective on shares of WPX Energy in a research note on Monday, November 6th. Barclays PLC raised shares of WPX Energy from an equal weight rating to an overweight rating and upped their price objective for the company from $10.00 to $14.00 in a research note on Tuesday, November 7th. Stifel Nicolaus set a $17.00 price objective on shares of WPX Energy and gave the company a buy rating in a research note on Thursday, October 5th. SunTrust Banks, Inc. set a $14.00 price objective on shares of WPX Energy and gave the company a buy rating in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of WPX Energy from a hold rating to a buy rating and set a $12.00 price objective for the company in a research note on Thursday, October 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $15.88.
Shares of WPX Energy (NYSE:WPX) opened at $12.35 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. WPX Energy has a 52 week low of $8.39 and a 52 week high of $16.17.
WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. WPX Energy had a negative net margin of 12.65% and a negative return on equity of 5.20%. The company had revenue of $224.00 million during the quarter, compared to analyst estimates of $334.38 million. During the same period in the prior year, the firm earned ($0.17) earnings per share. The business’s quarterly revenue was down 10.8% on a year-over-year basis. analysts forecast that WPX Energy will post -0.48 earnings per share for the current fiscal year.
In related news, insider Clay M. Gaspar sold 35,000 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $10.48, for a total value of $366,800.00. Following the transaction, the insider now owns 506,326 shares in the company, valued at $5,306,296.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Capital Advisors Inc. OK increased its holdings in WPX Energy by 2.0% in the second quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 200 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in WPX Energy in the second quarter worth approximately $113,000. Commonwealth Equity Services Inc acquired a new position in WPX Energy in the third quarter worth approximately $137,000. Financial Counselors Inc. increased its holdings in WPX Energy by 9.0% in the second quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after buying an additional 1,000 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in WPX Energy by 12.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock worth $134,000 after buying an additional 1,540 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.
About WPX Energy
WPX Energy, Inc is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States.
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