Zacks: Analysts Expect WPX Energy Inc (WPX) Will Announce Earnings of $0.09 Per Share

Wall Street brokerages predict that WPX Energy Inc (NYSE:WPX) will announce $0.09 earnings per share for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for WPX Energy’s earnings, with estimates ranging from $0.04 to $0.12. WPX Energy reported earnings of ($0.02) per share in the same quarter last year, which indicates a positive year over year growth rate of 550%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that WPX Energy will report full year earnings of $0.17 per share for the current year, with EPS estimates ranging from $0.11 to $0.21. For the next year, analysts expect that the company will report earnings of $0.79 per share, with EPS estimates ranging from $0.33 to $1.55. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover WPX Energy.

WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, October 31st. The oil and gas producer reported $0.07 EPS for the quarter, missing the Zacks’ 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 company had revenue of $484.00 million for the quarter, compared to analysts’ expectations of $514.08 million. During the same period in the previous year, the firm posted ($0.10) earnings per share. The business’s revenue for the quarter was up 233.8% on a year-over-year basis.

A number of research analysts recently commented on WPX shares. ValuEngine downgraded shares of WPX Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Zacks Investment Research downgraded shares of WPX Energy from a “buy” rating to a “hold” rating in a research report on Monday, August 20th. KLR Group reaffirmed a “buy” rating and set a $27.00 price objective on shares of WPX Energy in a research report on Monday, August 20th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $22.00 price objective on shares of WPX Energy in a research report on Thursday, August 30th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 price objective on shares of WPX Energy in a research report on Thursday, August 30th. Two investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $22.75.

WPX traded down $0.02 on Friday, reaching $13.20. 9,786,781 shares of the company traded hands, compared to its average volume of 6,076,843. WPX Energy has a 52-week low of $12.29 and a 52-week high of $20.80. The company has a market capitalization of $5.56 billion, a PE ratio of -31.43 and a beta of 2.40. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.47 and a current ratio of 0.51.

Large investors have recently added to or reduced their stakes in the stock. Hartford Financial Management Inc. acquired a new position in WPX Energy during the 2nd quarter valued at $108,000. Qube Research & Technologies Ltd acquired a new position in WPX Energy during the 2nd quarter valued at $108,000. Advisors Asset Management Inc. acquired a new position in WPX Energy during the 3rd quarter valued at $124,000. DekaBank Deutsche Girozentrale raised its stake in WPX Energy by 321.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,237 shares of the oil and gas producer’s stock valued at $158,000 after purchasing an additional 6,281 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in WPX Energy during the 3rd quarter valued at $159,000. Hedge funds and other institutional investors own 94.82% 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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Earnings History and Estimates for WPX Energy (NYSE:WPX)

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