Wall Street brokerages expect that WPX Energy Inc (NYSE:WPX) will post sales of $397.14 million for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for WPX Energy’s earnings, with estimates ranging from $360.00 million to $461.70 million. WPX Energy posted sales of $461.00 million in the same quarter last year, which would indicate a negative year over year growth rate of 13.9%. The company is expected to announce its next earnings results on Wednesday, May 2nd.
On average, analysts expect that WPX Energy will report full-year sales of $397.14 million for the current financial year, with estimates ranging from $1.63 billion to $2.06 billion. For the next year, analysts anticipate that the company will report sales of $2.34 billion per share, with estimates ranging from $2.05 billion to $2.79 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for WPX Energy.
WPX Energy (NYSE:WPX) last released its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.06. WPX Energy had a negative net margin of 1.20% and a negative return on equity of 3.83%. The business had revenue of $238.00 million during the quarter, compared to analysts’ expectations of $410.78 million. During the same period in the prior year, the company earned ($0.16) EPS. The firm’s quarterly revenue was up 170.5% compared to the same quarter last year.
WPX has been the subject of several recent research reports. Barclays upgraded shares of WPX Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $10.00 to $14.00 in a research report on Tuesday, November 7th. Bank of America upped their price target on shares of WPX Energy from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, November 14th. Citigroup upgraded shares of WPX Energy from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, November 16th. Piper Jaffray Companies restated a “hold” rating and issued a $14.00 price target on shares of WPX Energy in a research report on Wednesday, November 22nd. Finally, Northland Securities set a $17.00 price target on shares of WPX Energy and gave the company a “buy” rating in a research report on Monday, December 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. WPX Energy presently has an average rating of “Buy” and an average price target of $17.83.
WPX Energy (WPX) opened at $14.55 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.71. WPX Energy has a 12-month low of $8.39 and a 12-month high of $16.09. The stock has a market cap of $5,790.00, a P/E ratio of -46.94 and a beta of 2.41.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in WPX Energy by 0.3% during the fourth quarter. BlackRock Inc. now owns 32,621,120 shares of the oil and gas producer’s stock worth $458,977,000 after acquiring an additional 82,744 shares in the last quarter. Millennium Management LLC boosted its stake in WPX Energy by 83.1% during the fourth quarter. Millennium Management LLC now owns 14,867,732 shares of the oil and gas producer’s stock worth $209,189,000 after acquiring an additional 6,748,268 shares in the last quarter. Jennison Associates LLC boosted its stake in WPX Energy by 0.3% during the fourth quarter. Jennison Associates LLC now owns 11,776,183 shares of the oil and gas producer’s stock worth $165,691,000 after acquiring an additional 39,987 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in WPX Energy by 57.4% during the third quarter. Ameriprise Financial Inc. now owns 8,773,877 shares of the oil and gas producer’s stock worth $100,865,000 after acquiring an additional 3,200,766 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in WPX Energy by 0.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 7,088,423 shares of the oil and gas producer’s stock worth $81,517,000 after acquiring an additional 40,818 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.
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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.
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