WPX Energy (WPX) Shares Down 5.3%

Shares of WPX Energy Inc (NYSE:WPX) fell 5.3% during trading on Thursday . The stock traded as low as $15.53 and last traded at $15.58. 5,751,303 shares traded hands during trading, a decline of 14% from the average session volume of 6,722,570 shares. The stock had previously closed at $16.45.

Several research firms recently commented on WPX. 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 raised their target price on 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 lowered WPX Energy from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a report on Friday, August 3rd. Finally, ValuEngine lowered WPX Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Three analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.12.

The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.57. The firm has a market cap of $6.67 billion, a P/E ratio of -37.10 and a beta of 2.34.

WPX Energy (NYSE:WPX) last issued its quarterly earnings data 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). WPX Energy had a negative net margin of 15.79% and a positive return on equity of 0.76%. The business had revenue of $484.00 million during the quarter, compared to analyst estimates of $514.08 million. During the same period in the previous year, the business posted ($0.10) earnings per share. The firm’s revenue for the quarter was up 233.8% on a year-over-year basis. On average, research analysts anticipate that WPX Energy Inc will post 0.2 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of WPX. Guggenheim Capital LLC grew its holdings in WPX Energy by 28.3% in the first quarter. Guggenheim Capital LLC now owns 65,445 shares of the oil and gas producer’s stock valued at $969,000 after purchasing an additional 14,443 shares during the period. Cubist Systematic Strategies LLC lifted its position in shares of WPX Energy by 132.5% in the first quarter. Cubist Systematic Strategies LLC now owns 13,219 shares of the oil and gas producer’s stock valued at $195,000 after acquiring an additional 7,534 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of WPX Energy by 3.0% in the first quarter. Principal Financial Group Inc. now owns 1,741,448 shares of the oil and gas producer’s stock valued at $25,738,000 after acquiring an additional 50,278 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in shares of WPX Energy in the first quarter valued at approximately $5,648,000. Finally, State of Alaska Department of Revenue lifted its position in shares of WPX Energy by 39.9% in the second quarter. State of Alaska Department of Revenue now owns 43,510 shares of the oil and gas producer’s stock valued at $784,000 after acquiring an additional 12,420 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors.

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About WPX Energy (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'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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