WPX Energy Inc to Post FY2017 Earnings of ($0.47) Per Share, SunTrust Banks Forecasts (WPX)

WPX Energy Inc (NYSE:WPX) – Equities research analysts at SunTrust Banks lifted their FY2017 EPS estimates for shares of WPX Energy in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst N. Dingmann now forecasts that the oil and gas producer will post earnings per share of ($0.47) for the year, up from their prior estimate of ($0.48). SunTrust Banks has a “Buy” rating and a $20.00 price objective on the stock. SunTrust Banks also issued estimates for WPX Energy’s FY2018 earnings at $0.17 EPS and FY2019 earnings at $0.52 EPS.

WPX has been the topic of several other research reports. Citigroup raised shares of WPX Energy from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, November 16th. Stifel Nicolaus set a $19.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Sunday, January 21st. Northland Securities set a $17.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, Seaport Global Securities raised shares of WPX Energy from a “sell” rating to a “neutral” rating in a research note on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. WPX Energy currently has a consensus rating of “Buy” and a consensus price target of $17.45.

Shares of WPX Energy (WPX) opened at $12.98 on Thursday. WPX Energy has a one year low of $8.39 and a one year high of $16.09. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. The stock has a market cap of $5,170.00, a price-to-earnings ratio of -26.49, a price-to-earnings-growth ratio of 8.60 and a beta of 2.48.

Several hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC boosted its position in shares of WPX Energy by 0.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 476,430 shares of the oil and gas producer’s stock valued at $4,602,000 after acquiring an additional 1,198 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of WPX Energy by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 119,329 shares of the oil and gas producer’s stock valued at $1,152,000 after acquiring an additional 1,717 shares during the last quarter. M&T Bank Corp boosted its position in shares of WPX Energy by 17.2% during the 2nd quarter. M&T Bank Corp now owns 22,451 shares of the oil and gas producer’s stock valued at $217,000 after acquiring an additional 3,290 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of WPX Energy by 16.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 29,162 shares of the oil and gas producer’s stock valued at $281,000 after acquiring an additional 4,129 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in shares of WPX Energy by 1.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 328,379 shares of the oil and gas producer’s stock valued at $3,776,000 after acquiring an additional 4,791 shares during the last quarter. 99.82% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for WPX Energy (NYSE:WPX)

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