WPX Energy, Inc. (WPX) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of WPX Energy, Inc. (NYSE:WPX) have been given an average rating of “Buy” by the twenty-two brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $15.80.

A number of brokerages recently issued reports on WPX. BMO Capital Markets upped their price target on shares of 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. ValuEngine upgraded shares of WPX Energy from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Cowen and Company upgraded shares of WPX Energy from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $15.00 to $14.00 in a research note on Thursday, June 22nd. Seaport Global Securities cut shares of WPX Energy from a “buy” rating to a “sell” rating and dropped their price target for the stock from $17.00 to $6.50 in a research note on Wednesday, June 21st. Finally, Credit Suisse Group began coverage on shares of WPX Energy in a research note on Thursday, June 1st. They issued an “outperform” rating and a $18.00 price target on the stock.

Shares of WPX Energy (NYSE WPX) traded up 0.67% during mid-day trading on Tuesday, hitting $10.57. 4,780,416 shares of the stock traded hands. WPX Energy has a 1-year low of $8.39 and a 1-year high of $16.17. The company’s market capitalization is $4.21 billion. The company’s 50-day moving average price is $10.08 and its 200 day moving average price is $11.09.

WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.02. The company 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%. WPX Energy’s revenue was up 199.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.28) EPS. Equities research analysts forecast that WPX Energy will post ($0.51) EPS for the current fiscal year.

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In other news, insider Clay M. Gaspar sold 35,000 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Advisors Inc. OK increased its position 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 purchasing an additional 200 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of WPX Energy by 0.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 65,020 shares of the oil and gas producer’s stock valued at $628,000 after purchasing an additional 264 shares during the last quarter. Robotti Robert increased its position in shares of WPX Energy by 0.9% during the 2nd quarter. Robotti Robert now owns 52,750 shares of the oil and gas producer’s stock valued at $499,000 after purchasing an additional 450 shares during the last quarter. World Asset Management Inc increased its position in shares of WPX Energy by 2.8% during the 2nd quarter. World Asset Management Inc now owns 25,120 shares of the oil and gas producer’s stock valued at $243,000 after purchasing an additional 683 shares during the last quarter. Finally, M&T Bank Corp increased its position in shares of WPX Energy by 5.0% during the 1st quarter. M&T Bank Corp now owns 19,161 shares of the oil and gas producer’s stock valued at $257,000 after purchasing an additional 912 shares during the last quarter. 97.61% of the stock is owned by hedge funds and other institutional investors.

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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