WPX Energy, Inc. (NYSE:WPX)‘s stock had its “sell” rating reaffirmed by research analysts at Seaport Global Securities in a research note issued on Monday, October 9th. They currently have a $8.00 price objective on the oil and gas producer’s stock, up from their prior price objective of $7.00. Seaport Global Securities’ price objective indicates a potential downside of 24.67% from the stock’s current price. Seaport Global Securities also issued estimates for WPX Energy’s Q4 2017 earnings at ($0.11) EPS, FY2017 earnings at ($0.53) EPS, Q1 2018 earnings at ($0.08) EPS, Q2 2018 earnings at ($0.09) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at ($0.07) EPS and FY2018 earnings at ($0.31) EPS.
A number of other research analysts have also weighed in on the company. BMO Capital Markets set a $13.00 price objective on WPX Energy and gave the stock a “buy” rating in a report on Monday, August 28th. BidaskClub raised WPX Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Scotiabank reissued a “buy” rating and issued a $19.00 target price on shares of WPX Energy in a report on Friday, June 30th. Barclays PLC reissued a “hold” rating and issued a $8.00 target price on shares of WPX Energy in a report on Friday, July 7th. Finally, Cowen and Company raised WPX Energy from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $15.00 to $14.00 in a report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $15.50.
WPX Energy (NYSE WPX) opened at 10.62 on Monday. The firm’s 50-day moving average is $10.84 and its 200 day moving average is $10.82. WPX Energy has a one year low of $8.40 and a one year high of $16.17. The stock’s market cap is $4.23 billion.
WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.02. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. The firm had revenue of $413.00 million for the quarter, compared to analyst estimates of $301.78 million. During the same quarter in the prior year, the company posted ($0.28) earnings per share. WPX Energy’s quarterly revenue was up 199.3% on a year-over-year basis. On average, analysts anticipate that WPX Energy will post ($0.50) EPS for the current fiscal year.
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In other news, insider Clay M. Gaspar sold 35,000 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $10.48, for a total value of $366,800.00. Following the completion of the sale, the insider now owns 506,326 shares in the company, valued at $5,306,296.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Mutual of America Capital Management LLC grew its stake in shares of WPX Energy by 1.5% in the third quarter. Mutual of America Capital Management LLC now owns 328,379 shares of the oil and gas producer’s stock valued at $3,776,000 after buying an additional 4,791 shares in the last quarter. Eqis Capital Management Inc. grew its stake in WPX Energy by 14.5% during the 3rd quarter. Eqis Capital Management Inc. now owns 53,270 shares of the oil and gas producer’s stock valued at $613,000 after purchasing an additional 6,758 shares in the last quarter. Benefit Street Partners LLC acquired a new stake in WPX Energy during the 2nd quarter valued at approximately $4,347,000. Dynamic Technology Lab Private Ltd grew its stake in WPX Energy by 204.6% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 118,950 shares of the oil and gas producer’s stock valued at $1,150,000 after purchasing an additional 79,893 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in WPX Energy by 8.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 379,526 shares of the oil and gas producer’s stock valued at $3,666,000 after purchasing an additional 29,378 shares in the last quarter. Institutional investors and hedge funds own 97.73% 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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