WPX Energy (WPX) Earns Coverage Optimism Rating of 0.18

Media stories about WPX Energy (NYSE:WPX) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. WPX Energy earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 46.3213458933444 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the headlines that may have effected Accern’s rankings:

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Shares of WPX traded up $0.73 on Friday, hitting $14.78. 8,389,911 shares of the stock traded hands, compared to its average volume of 6,314,441. The company has a market capitalization of $5,885.46, a P/E ratio of -35.19 and a beta of 2.41. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 0.66. WPX Energy has a one year low of $8.39 and a one year high of $16.09.

WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.06. The company had revenue of $238.00 million during the quarter, compared to the consensus estimate of $410.78 million. WPX Energy had a negative net margin of 1.20% and a negative return on equity of 3.83%. The firm’s quarterly revenue was up 170.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.16) earnings per share. sell-side analysts expect that WPX Energy will post 0.06 EPS for the current year.

A number of brokerages have weighed in on WPX. Stifel Nicolaus set a $29.00 target price on shares of WPX Energy and gave the company a “buy” rating in a research note on Wednesday. Johnson Rice began coverage on shares of WPX Energy in a research note on Wednesday, March 21st. They set a “buy” rating and a $23.00 target price for the company. Bank of America raised their target price on shares of WPX Energy from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, March 8th. Robert W. Baird raised their target price on shares of WPX Energy from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $24.00 target price (up previously from $20.00) on shares of WPX Energy in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $18.50.

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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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