SunTrust Banks, Inc. set a $14.00 price target on WPX Energy, Inc. (NYSE:WPX) in a report released on Wednesday, November 1st. The brokerage currently has a buy rating on the oil and gas producer’s stock.
Several other research analysts have also recently issued reports on WPX. ValuEngine raised WPX Energy from a sell rating to a hold rating in a research report on Thursday, July 6th. BidaskClub raised WPX Energy from a strong sell rating to a sell rating in a research report on Thursday, July 6th. Barclays PLC reissued a hold rating and issued a $8.00 target price on shares of WPX Energy in a research report on Friday, July 7th. Citigroup Inc. dropped their target price on WPX Energy from $15.00 to $12.00 and set a neutral rating on the stock in a research report on Thursday, July 13th. Finally, BMO Capital Markets raised their price objective on WPX Energy from $12.00 to $13.00 and gave the stock a no rating at time rating in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $15.61.
Shares of WPX Energy (NYSE:WPX) opened at $12.64 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.02. WPX Energy has a 12-month low of $8.39 and a 12-month high of $16.17.
WPX Energy (NYSE:WPX) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. The company had revenue of $224.00 million for the quarter, compared to analysts’ expectations of $334.38 million. During the same period last year, the firm posted ($0.17) earnings per share. WPX Energy’s revenue was down 10.8% compared to the same quarter last year. analysts anticipate that WPX Energy will post -0.48 earnings per share for the current year.
In related news, insider Clay M. Gaspar sold 35,000 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $10.48, for a total transaction of $366,800.00. Following the completion of the transaction, the insider now owns 506,326 shares in the company, valued at approximately $5,306,296.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of WPX. Alliancebernstein L.P. boosted its holdings in WPX Energy by 16.5% during the 1st quarter. Alliancebernstein L.P. now owns 234,576 shares of the oil and gas producer’s stock valued at $3,141,000 after acquiring an additional 33,298 shares during the period. United Services Automobile Association bought a new position in shares of WPX Energy in the 1st quarter worth $261,000. PNC Financial Services Group Inc. raised its position in shares of WPX Energy by 10.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 25,033 shares of the oil and gas producer’s stock worth $334,000 after acquiring an additional 2,392 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of WPX Energy by 47.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,211,500 shares of the oil and gas producer’s stock worth $16,222,000 after acquiring an additional 389,500 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of WPX Energy by 54.8% in the 1st quarter. AQR Capital Management LLC now owns 258,051 shares of the oil and gas producer’s stock worth $3,456,000 after acquiring an additional 91,391 shares in the last quarter. 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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