WPX Energy (WPX) Rating Reiterated by Guggenheim

WPX Energy (NYSE:WPX)‘s stock had its “buy” rating reissued by investment analysts at Guggenheim in a research report issued to clients and investors on Monday. They presently have a $21.00 price target on the oil and gas producer’s stock. Guggenheim’s price target indicates a potential upside of 48.94% from the stock’s current price.

A number of other research firms have also weighed in on WPX. BMO Capital Markets reissued a “buy” rating and issued a $25.00 target price on shares of WPX Energy in a research note on Thursday, October 11th. Stifel Nicolaus reissued a “buy” rating and issued a $26.00 target price on shares of WPX Energy in a research note on Thursday, August 30th. Piper Jaffray Companies reissued a “buy” rating and issued a $22.00 target price on shares of WPX Energy in a research note on Thursday, August 30th. ValuEngine lowered shares of WPX Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, Northland Securities set a $26.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a research note on Friday, August 3rd. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $22.93.

WPX Energy stock traded down $0.22 during midday trading on Monday, reaching $14.10. The company had a trading volume of 354,403 shares, compared to its average volume of 7,580,156. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 0.57. WPX Energy has a 12-month low of $11.91 and a 12-month high of $20.80. The firm has a market capitalization of $6.02 billion, a PE ratio of -33.48 and a beta of 2.34.

WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, October 31st. The oil and gas producer reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02). WPX Energy had a positive return on equity of 0.76% and a negative net margin of 15.79%. The business had revenue of $484.00 million during the quarter, compared to analysts’ expectations of $514.08 million. During the same period last year, the business earned ($0.10) earnings per share. The company’s revenue for the quarter was up 233.8% compared to the same quarter last year. On average, sell-side analysts predict that WPX Energy will post 0.19 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of WPX. Kentucky Retirement Systems acquired a new position in shares of WPX Energy in the third quarter worth $338,000. AQR Capital Management LLC grew its stake in shares of WPX Energy by 618.1% in the third quarter. AQR Capital Management LLC now owns 576,185 shares of the oil and gas producer’s stock worth $11,593,000 after acquiring an additional 495,947 shares in the last quarter. Energy Opportunities Capital Management LLC grew its stake in shares of WPX Energy by 17.1% in the third quarter. Energy Opportunities Capital Management LLC now owns 192,995 shares of the oil and gas producer’s stock worth $3,883,000 after acquiring an additional 28,245 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of WPX Energy by 16.5% in the third quarter. Macquarie Group Ltd. now owns 324,590 shares of the oil and gas producer’s stock worth $6,531,000 after acquiring an additional 45,950 shares in the last quarter. Finally, Advisors Asset Management Inc. acquired a new position in shares of WPX Energy in the third quarter worth $124,000. Hedge funds and other institutional investors own 94.57% of the company’s stock.

About WPX Energy

WPX Energy, Inc, an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

Analyst Recommendations for WPX Energy (NYSE:WPX)

Receive News & Ratings for WPX Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply