WPX Energy (WPX) Receives Buy Rating from Guggenheim

Guggenheim reissued their buy rating on shares of WPX Energy (NYSE:WPX) in a report published on Monday. They currently have a $21.00 price objective on the oil and gas producer’s stock.

WPX has been the subject of several other reports. Bank of America lifted their price target on WPX Energy from $27.00 to $28.00 and gave the company a buy rating in a report on Thursday, August 2nd. Jefferies Financial Group began coverage on WPX Energy in a report on Friday, September 28th. They set a buy rating and a $28.00 price target for the company. ValuEngine upgraded WPX Energy from a hold rating to a buy rating in a report on Tuesday, September 4th. Seaport Global Securities set a $28.00 price target on WPX Energy and gave the company a buy rating in a report on Wednesday, October 3rd. Finally, Zacks Investment Research reiterated a buy rating and set a $17.00 price target on shares of WPX Energy in a report on Saturday, November 17th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $22.93.

Shares of WPX Energy stock opened at $13.61 on Monday. The stock has a market cap of $5.62 billion, a PE ratio of -32.40 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 52-week low of $11.91 and a 52-week high of $20.80.

WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, October 31st. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). The firm had revenue of $484.00 million for the quarter, compared to analyst estimates of $514.08 million. WPX Energy had a negative net margin of 15.79% and a positive return on equity of 0.76%. The firm’s quarterly revenue was up 233.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.10) earnings per share. Equities analysts expect that WPX Energy will post 0.18 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of WPX. Hartford Financial Management Inc. acquired a new position in shares of WPX Energy during the second quarter worth approximately $108,000. Qube Research & Technologies Ltd acquired a new position in shares of WPX Energy during the second quarter worth approximately $108,000. Advisors Asset Management Inc. acquired a new position in shares of WPX Energy during the third quarter worth approximately $124,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of WPX Energy by 321.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 8,237 shares of the oil and gas producer’s stock worth $158,000 after buying an additional 6,281 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of WPX Energy during the third quarter worth approximately $159,000. Institutional investors own 94.57% of the company’s stock.

About WPX Energy

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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Analyst Recommendations for WPX Energy (NYSE:WPX)

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