Piper Jaffray Companies restated their hold rating on shares of WPX Energy (NYSE:WPX) in a research report sent to investors on Tuesday, January 9th. They currently have a $17.00 price objective on the oil and gas producer’s stock.
Other equities analysts have also issued reports about the company. Stifel Nicolaus set a $17.00 target price on WPX Energy and gave the stock a buy rating in a research note on Thursday, October 5th. Seaport Global Securities reiterated a sell rating and issued a $8.00 price objective (up from $7.00) on shares of WPX Energy in a report on Monday, October 9th. BMO Capital Markets set a $14.00 target price on WPX Energy and gave the company a buy rating in a report on Tuesday, October 10th. Zacks Investment Research raised WPX Energy from a hold rating to a buy rating and set a $12.00 price target for the company in a research report on Thursday, October 12th. Finally, Citigroup increased their target price on WPX Energy from $12.00 to $13.00 and gave the stock a neutral rating in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company’s stock. WPX Energy currently has a consensus rating of Buy and an average price target of $15.82.
Shares of WPX Energy (NYSE:WPX) opened at $15.07 on Tuesday. The company has a market capitalization of $6,000.00, a P/E ratio of -30.76, a price-to-earnings-growth ratio of 10.58 and a beta of 2.46. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. WPX Energy has a one year low of $8.39 and a one year high of $15.13.
WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The business had revenue of $224.00 million for the quarter, compared to analysts’ expectations of $334.38 million. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. The business’s revenue was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. equities research analysts expect that WPX Energy will post -0.46 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Dalton Greiner Hartman Maher & Co. increased its holdings in shares of WPX Energy by 93.6% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 2,606,321 shares of the oil and gas producer’s stock worth $36,671,000 after purchasing an additional 1,259,799 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of WPX Energy by 21.1% in the third quarter. Public Employees Retirement System of Ohio now owns 459,423 shares of the oil and gas producer’s stock worth $5,283,000 after purchasing an additional 79,897 shares during the last quarter. GeoSphere Capital Management grew its position in WPX Energy by 25.0% in the third quarter. GeoSphere Capital Management now owns 200,000 shares of the oil and gas producer’s stock worth $2,300,000 after acquiring an additional 40,000 shares in the last quarter. Neuberger Berman Group LLC grew its position in WPX Energy by 1.7% in the third quarter. Neuberger Berman Group LLC now owns 2,168,398 shares of the oil and gas producer’s stock worth $24,937,000 after acquiring an additional 35,629 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in WPX Energy by 1.3% in the third quarter. California Public Employees Retirement System now owns 922,300 shares of the oil and gas producer’s stock worth $10,606,000 after acquiring an additional 11,700 shares in the last quarter. 99.78% of the stock is currently owned by hedge funds and other institutional investors.
WPX Energy Company Profile
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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