WPX Energy (NYSE:WPX) Shares Gap Up to $10.96

WPX Energy Inc (NYSE:WPX)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $10.70, but opened at $10.96. WPX Energy shares last traded at $11.47, with a volume of 9,145,806 shares traded.

Several research analysts have recently weighed in on the stock. MKM Partners assumed coverage on shares of WPX Energy in a research report on Thursday, June 13th. They issued a “buy” rating and a $15.00 target price on the stock. Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Saturday, May 11th. ValuEngine downgraded shares of WPX Energy from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Piper Jaffray Companies set a $16.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Northland Securities reissued a “buy” rating and issued a $20.00 target price on shares of WPX Energy in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $20.44.

The company has a debt-to-equity ratio of 0.58, a current ratio of 0.70 and a quick ratio of 0.64. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 127.44, a price-to-earnings-growth ratio of 0.94 and a beta of 2.38. The company has a fifty day moving average of $11.45.

WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The business had revenue of $359.00 million during the quarter, compared to analysts’ expectations of $547.79 million. WPX Energy had a net margin of 9.50% and a return on equity of 2.15%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the company posted ($0.06) earnings per share. On average, equities analysts forecast that WPX Energy Inc will post 0.42 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of WPX. Phocas Financial Corp. acquired a new stake in WPX Energy in the fourth quarter valued at approximately $31,000. Berman Capital Advisors LLC acquired a new stake in WPX Energy in the fourth quarter valued at approximately $60,000. Paragon Capital Management LLC acquired a new stake in WPX Energy in the first quarter valued at approximately $66,000. Quadrant Capital Group LLC lifted its stake in WPX Energy by 166.0% in the first quarter. Quadrant Capital Group LLC now owns 7,820 shares of the oil and gas producer’s stock valued at $98,000 after acquiring an additional 4,880 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. acquired a new stake in WPX Energy in the fourth quarter valued at approximately $120,000. Hedge funds and other institutional investors own 98.37% of the company’s stock.

WPX Energy Company Profile (NYSE:WPX)

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 operates 657 wells and owns interests in 808 wells covering an area of approximately 130,000 net acres located in Delaware Basin, Texas and New Mexico; and operates 323 wells and owns interests in 87 wells that covers an area of approximately 85,087 net acres situated in the Williston Basin, North Dakota.

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