WPX Energy, Inc. (WPX) Rating Reiterated by Seaport Global Securities

WPX Energy, Inc. (NYSE:WPX)‘s stock had its “sell” rating reissued by stock analysts at Seaport Global Securities in a research report issued on Monday. They currently have a $8.00 target price on the oil and gas producer’s stock, up from their prior target price of $7.00. Seaport Global Securities’ price target suggests a potential downside of 26.94% from the stock’s current price.

Several other research firms have also recently weighed in on WPX. Stifel Nicolaus set a $17.00 price target on shares of WPX Energy and gave the company a “buy” rating in a report on Thursday, October 5th. Piper Jaffray Companies cut their price target on shares of WPX Energy from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, September 18th. Barclays PLC set a $10.00 price target on shares of WPX Energy and gave the company a “hold” rating in a report on Friday, August 4th. Imperial Capital began coverage on shares of WPX Energy in a report on Tuesday, July 18th. They issued an “outperform” rating and a $18.00 price target on the stock. Finally, Scotiabank reiterated a “buy” rating and issued a $20.00 price target on shares of WPX Energy in a report on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $15.61.

WPX Energy (NYSE:WPX) opened at 10.95 on Monday. WPX Energy has a 52-week low of $8.39 and a 52-week high of $16.17. The firm’s market cap is $4.36 billion. The company’s 50 day moving average is $10.61 and its 200-day moving average is $10.91.

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

COPYRIGHT VIOLATION WARNING: This report was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this report can be viewed at https://ledgergazette.com/2017/10/11/wpx-energy-inc-wpx-rating-reiterated-by-seaport-global-securities.html.

In other news, insider Clay M. Gaspar sold 35,000 shares of the business’s 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 sale, the insider now owns 506,326 shares in the company, valued at approximately $5,306,296.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in WPX. Capital Advisors Inc. OK boosted its holdings in shares of WPX Energy by 2.0% during the 2nd quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock valued at $100,000 after buying an additional 200 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of WPX Energy in the 2nd quarter worth about $113,000. Financial Counselors Inc. raised its position in shares of WPX Energy by 9.0% in the 2nd quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after purchasing an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of WPX Energy by 12.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock worth $134,000 after purchasing an additional 1,540 shares during the last quarter. Finally, BlueMountain Capital Management LLC raised its position in shares of WPX Energy by 3

Several other research firms have also recently weighed in on WPX. Stifel Nicolaus set a $17.00 price target on shares of WPX Energy and gave the company a “buy” rating in a report on Thursday, October 5th. Piper Jaffray Companies cut their price target on shares of WPX Energy from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, September 18th. Barclays PLC set a $10.00 price target on shares of WPX Energy and gave the company a “hold” rating in a report on Friday, August 4th. Imperial Capital began coverage on shares of WPX Energy in a report on Tuesday, July 18th. They issued an “outperform” rating and a $18.00 price target on the stock. Finally, Scotiabank reiterated a “buy” rating and issued a $20.00 price target on shares of WPX Energy in a report on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $15.61.

WPX Energy (NYSE:WPX) opened at 10.95 on Monday. WPX Energy has a 52-week low of $8.39 and a 52-week high of $16.17. The firm’s market cap is $4.36 billion. The company’s 50 day moving average is $10.61 and its 200-day moving average is $10.91.

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

COPYRIGHT VIOLATION WARNING: This report was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this report can be viewed at https://ledgergazette.com/2017/10/11/wpx-energy-inc-wpx-rating-reiterated-by-seaport-global-securities.html.

In other news, insider Clay M. Gaspar sold 35,000 shares of the business’s 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 sale, the insider now owns 506,326 shares in the company, valued at approximately $5,306,296.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in WPX. Capital Advisors Inc. OK boosted its holdings in shares of WPX Energy by 2.0% during the 2nd quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock valued at $100,000 after buying an additional 200 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of WPX Energy in the 2nd quarter worth about $113,000. Financial Counselors Inc. raised its position in shares of WPX Energy by 9.0% in the 2nd quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after purchasing an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of WPX Energy by 12.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock worth $134,000 after purchasing an additional 1,540 shares during the last quarter. Finally, BlueMountain Capital Management LLC raised its position in shares of WPX Energy by 39.3% in the 2nd quarter. BlueMountain Capital Management LLC now owns 14,532 shares of the oil and gas producer’s stock worth $140,000 after purchasing an additional 4,097 shares during the last quarter. Hedge funds and other institutional investors 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.

Analyst Recommendations for WPX Energy (NYSE:WPX)

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