Stifel Nicolaus Analysts Give WPX Energy, Inc. (WPX) a $17.00 Price Target

Stifel Nicolaus set a $17.00 target price on WPX Energy, Inc. (NYSE:WPX) in a research report sent to investors on Thursday morning. The firm currently has a buy rating on the oil and gas producer’s stock.

WPX has been the subject of a number of other research reports. BMO Capital Markets upped their price objective on shares of WPX Energy from $12.00 to $13.00 and gave the company a no rating at time rating in a research note on Friday, July 14th. ValuEngine raised shares of WPX Energy from a sell rating to a hold rating in a research note on Thursday, July 6th. Seaport Global Securities cut shares of WPX Energy from a buy rating to a sell rating and cut their price objective for the company from $17.00 to $6.50 in a research note on Wednesday, June 21st. Cowen and Company raised shares of WPX Energy from a market perform rating to an outperform rating and cut their price objective for the company from $15.00 to $14.00 in a research note on Thursday, June 22nd. Finally, Scotiabank reaffirmed a buy rating and issued a $19.00 price objective on shares of WPX Energy in a research note on Friday, June 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $15.53.

WPX Energy (NYSE WPX) opened at 11.04 on Thursday. WPX Energy has a one year low of $8.39 and a one year high of $16.17. The stock’s 50 day moving average is $10.53 and its 200-day moving average is $10.94. The firm’s market cap is $4.39 billion.

WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.02. The firm had revenue of $413.00 million for the quarter, compared to analyst estimates of $301.78 million. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The business’s revenue for the quarter was up 199.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.28) EPS. On average, equities research analysts expect that WPX Energy will post ($0.50) earnings per share for the current fiscal year.

WARNING: “Stifel Nicolaus Analysts Give WPX Energy, Inc. (WPX) a $17.00 Price Target” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://ledgergazette.com/2017/10/09/stifel-nicolaus-analysts-give-wpx-energy-inc-wpx-a-17-00-price-target.html.

In other WPX Energy news, insider Clay M. Gaspar sold 35,000 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $10.48, for a total transaction of $366,800.00. Following the completion of the sale, the insider now owns 506,326 shares of the company’s stock, valued at approximately $5,306,296.48. The sale 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.

A number of institutional investors and hedge funds have recently made changes to their positions in WPX. BlackRock Inc. boosted its position in WPX Energy by 13,729.5% during the 1st quarter. BlackRock Inc. now owns 32,202,448 shares of the oil and gas producer’s stock valued at $431,192,000 after buying an additional 31,969,595 shares during the period. Vanguard Group Inc. boosted its position in WPX Energy by 20.4% during the 1st quarter. Vanguard Group Inc. now owns 33,141,235 shares of the oil and gas producer’s stock valued at $443,761,000 after buying an additional 5,610,066 shares during the period. Key Group Holdings Cayman LTD. boosted its position in WPX Energy by 513.9% during the 2nd quarter. Key Group Holdings Cayman LTD. now owns 4,451,556 shares of the oil and gas producer’s stock valued at $43,002,000 after buying an additional 3,726,451 shares during the period. Balyasny Asset Management LLC boosted its position in WPX Energy by 5,688.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 3,728,177 shares of the oil and gas producer’

WPX has been the subject of a number of other research reports. BMO Capital Markets upped their price objective on shares of WPX Energy from $12.00 to $13.00 and gave the company a no rating at time rating in a research note on Friday, July 14th. ValuEngine raised shares of WPX Energy from a sell rating to a hold rating in a research note on Thursday, July 6th. Seaport Global Securities cut shares of WPX Energy from a buy rating to a sell rating and cut their price objective for the company from $17.00 to $6.50 in a research note on Wednesday, June 21st. Cowen and Company raised shares of WPX Energy from a market perform rating to an outperform rating and cut their price objective for the company from $15.00 to $14.00 in a research note on Thursday, June 22nd. Finally, Scotiabank reaffirmed a buy rating and issued a $19.00 price objective on shares of WPX Energy in a research note on Friday, June 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $15.53.

WPX Energy (NYSE WPX) opened at 11.04 on Thursday. WPX Energy has a one year low of $8.39 and a one year high of $16.17. The stock’s 50 day moving average is $10.53 and its 200-day moving average is $10.94. The firm’s market cap is $4.39 billion.

WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.02. The firm had revenue of $413.00 million for the quarter, compared to analyst estimates of $301.78 million. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The business’s revenue for the quarter was up 199.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.28) EPS. On average, equities research analysts expect that WPX Energy will post ($0.50) earnings per share for the current fiscal year.

WARNING: “Stifel Nicolaus Analysts Give WPX Energy, Inc. (WPX) a $17.00 Price Target” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://ledgergazette.com/2017/10/09/stifel-nicolaus-analysts-give-wpx-energy-inc-wpx-a-17-00-price-target.html.

In other WPX Energy news, insider Clay M. Gaspar sold 35,000 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $10.48, for a total transaction of $366,800.00. Following the completion of the sale, the insider now owns 506,326 shares of the company’s stock, valued at approximately $5,306,296.48. The sale 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.

A number of institutional investors and hedge funds have recently made changes to their positions in WPX. BlackRock Inc. boosted its position in WPX Energy by 13,729.5% during the 1st quarter. BlackRock Inc. now owns 32,202,448 shares of the oil and gas producer’s stock valued at $431,192,000 after buying an additional 31,969,595 shares during the period. Vanguard Group Inc. boosted its position in WPX Energy by 20.4% during the 1st quarter. Vanguard Group Inc. now owns 33,141,235 shares of the oil and gas producer’s stock valued at $443,761,000 after buying an additional 5,610,066 shares during the period. Key Group Holdings Cayman LTD. boosted its position in WPX Energy by 513.9% during the 2nd quarter. Key Group Holdings Cayman LTD. now owns 4,451,556 shares of the oil and gas producer’s stock valued at $43,002,000 after buying an additional 3,726,451 shares during the period. Balyasny Asset Management LLC boosted its position in WPX Energy by 5,688.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 3,728,177 shares of the oil and gas producer’s stock valued at $36,014,000 after buying an additional 3,663,768 shares during the period. Finally, Jennison Associates LLC boosted its position in WPX Energy by 31.2% during the 2nd quarter. Jennison Associates LLC now owns 10,995,002 shares of the oil and gas producer’s stock valued at $106,212,000 after buying an additional 2,611,802 shares during the period. 97.73% of the stock is owned by institutional investors and hedge funds.

WPX Energy Company Profile

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.

Analyst Recommendations for WPX Energy (NYSE:WPX)

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