WPX Energy Inc (WPX) Expected to Earn FY2018 Earnings of $0.13 Per Share

WPX Energy Inc (NYSE:WPX) – Equities researchers at B. Riley increased their FY2018 earnings per share estimates for shares of WPX Energy in a note issued to investors on Tuesday, November 6th. B. Riley analyst R. Rashid now expects that the oil and gas producer will post earnings of $0.13 per share for the year, up from their previous forecast of $0.07. B. Riley also issued estimates for WPX Energy’s Q1 2019 earnings at $0.09 EPS, Q2 2019 earnings at $0.12 EPS, Q4 2019 earnings at $0.16 EPS, FY2019 earnings at $0.49 EPS and FY2020 earnings at $1.47 EPS.

WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, October 31st. The oil and gas producer reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The company had revenue of $484.00 million during 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 firm’s revenue was up 233.8% compared to the same quarter last year. During the same period last year, the company posted ($0.10) EPS.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus reissued a “buy” rating and issued a $26.00 target price on shares of WPX Energy in a report on Thursday, August 30th. Bank of America increased 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 reissued a “buy” rating and issued a $25.00 target price on shares of WPX Energy in a report on Wednesday, August 1st. Goldman Sachs Group cut 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 cut shares of WPX Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Three investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $23.12.

WPX stock opened at $15.54 on Thursday. The stock has a market capitalization of $6.67 billion, a PE ratio of -37.00 and a beta of 2.34. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.51 and a quick ratio of 0.47. WPX Energy has a 12 month low of $11.58 and a 12 month high of $20.80.

Several institutional investors have recently added to or reduced their stakes in WPX. Hartford Financial Management Inc. acquired a new position in shares of WPX Energy in the second quarter valued at approximately $108,000. Qube Research & Technologies Ltd acquired a new position in shares of WPX Energy in the second quarter valued at approximately $108,000. DekaBank Deutsche Girozentrale increased its stake in shares of WPX Energy by 321.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 8,237 shares of the oil and gas producer’s stock valued at $158,000 after buying an additional 6,281 shares during the period. Meeder Asset Management Inc. acquired a new stake in WPX Energy during the 3rd quarter valued at approximately $159,000. Finally, SeaBridge Investment Advisors LLC acquired a new stake in WPX Energy during the 2nd quarter valued at approximately $177,000. 93.90% of the stock is owned by institutional investors.

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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Earnings History and Estimates for WPX Energy (NYSE:WPX)

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