WPX Energy (WPX) Given a $20.00 Price Target by BMO Capital Markets Analysts

BMO Capital Markets set a $20.00 price objective on WPX Energy (NYSE:WPX) in a research report sent to investors on Monday. The brokerage currently has a buy rating on the oil and gas producer’s stock.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus reaffirmed a buy rating and set a $26.00 target price on shares of WPX Energy in a report on Thursday, August 30th. Bank of America lifted their target price on shares of WPX Energy from $27.00 to $28.00 and gave the stock a buy rating in a report on Thursday, August 2nd. Robert W. Baird reaffirmed a buy rating and set a $25.00 target price on shares of WPX Energy in a report on Wednesday, August 1st. Goldman Sachs Group downgraded shares of WPX Energy from a buy rating to a neutral rating and set a $21.00 target price for the company. in a report on Friday, August 3rd. Finally, ValuEngine downgraded shares of WPX Energy from a buy rating to a hold rating in a report on Wednesday, August 15th. Three equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. WPX Energy has an average rating of Buy and a consensus price target of $23.12.

Shares of WPX stock opened at $15.58 on Monday. The stock has a market cap of $6.67 billion, a P/E ratio of -37.10 and a beta of 2.34. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.57. WPX Energy has a 52 week low of $11.58 and a 52 week high of $20.80.

WPX Energy (NYSE:WPX) last announced its earnings results on Wednesday, October 31st. The oil and gas producer reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $484.00 million for the quarter, compared to the consensus estimate of $514.08 million. WPX Energy had a positive return on equity of 0.76% and a negative net margin of 15.79%. The business’s quarterly revenue was up 233.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.10) EPS. On average, research analysts forecast that WPX Energy will post 0.2 EPS for the current year.

A number of institutional investors have recently modified their holdings of the business. Hartford Financial Management Inc. acquired a new position in shares of WPX Energy in the 2nd quarter valued at approximately $108,000. Qube Research & Technologies Ltd acquired a new position in shares of WPX Energy in the 2nd quarter valued at approximately $108,000. Meeder Asset Management Inc. acquired a new position in shares of WPX Energy in the 3rd quarter valued at approximately $159,000. SeaBridge Investment Advisors LLC acquired a new position in shares of WPX Energy in the 2nd quarter valued at approximately $177,000. Finally, Usca Ria LLC acquired a new position in shares of WPX Energy in the 2nd quarter valued at approximately $186,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

WPX Energy Company Profile

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.

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