Piper Jaffray Companies Reaffirms “Hold” Rating for WPX Energy (NYSE:WPX)

Piper Jaffray Companies reissued their hold rating on shares of WPX Energy (NYSE:WPX) in a research note issued to investors on Tuesday, January 9th. Piper Jaffray Companies currently has a $17.00 target price on the oil and gas producer’s stock.

Several other brokerages also recently issued reports on WPX. SunTrust Banks set a $14.00 price objective on shares of WPX Energy and gave the stock a buy rating in a research report on Wednesday, November 1st. Seaport Global Securities reissued a sell rating and set a $8.00 price objective (up from $7.00) on shares of WPX Energy in a research report on Monday, October 9th. Citigroup raised their price objective on shares of WPX Energy from $12.00 to $13.00 and gave the stock a neutral rating in a research report on Friday, October 13th. Northland Securities set a $17.00 price objective on shares of WPX Energy and gave the stock a buy rating in a research report on Monday, December 11th. Finally, BMO Capital Markets set a $14.00 price objective on shares of WPX Energy and gave the stock a buy rating in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company. WPX Energy presently has an average rating of Buy and an average price target of $16.34.

WPX Energy (NYSE WPX) opened at $14.89 on Tuesday. 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 52-week low of $8.39 and a 52-week high of $15.17.

WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $224.00 million for the quarter, compared to the consensus estimate of $334.38 million. WPX Energy had a negative net margin of 12.65% and a negative return on equity of 5.20%. The company’s revenue was down 10.8% on a year-over-year basis. During the same period last year, the firm posted ($0.17) EPS. equities research analysts forecast that WPX Energy will post -0.46 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in WPX. Key Group Holdings Cayman LTD. lifted its stake in shares of WPX Energy by 513.9% in the second 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 purchasing an additional 3,726,451 shares during the period. Balyasny Asset Management LLC lifted its stake in shares of WPX Energy by 5,688.3% in the second 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 purchasing an additional 3,663,768 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of WPX Energy by 57.4% in the third quarter. Ameriprise Financial Inc. now owns 8,773,877 shares of the oil and gas producer’s stock valued at $100,865,000 after purchasing an additional 3,200,766 shares during the period. FMR LLC lifted its stake in shares of WPX Energy by 22.1% in the second quarter. FMR LLC now owns 12,390,649 shares of the oil and gas producer’s stock valued at $119,693,000 after purchasing an additional 2,244,508 shares during the period. Finally, Systematic Financial Management LP lifted its stake in shares of WPX Energy by 108.7% in the third quarter. Systematic Financial Management LP now owns 3,834,934 shares of the oil and gas producer’s stock valued at $44,102,000 after purchasing an additional 1,997,566 shares during the period. Hedge funds and other institutional investors own 99.78% of the company’s stock.

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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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