WPX Energy Inc (NYSE:WPX) Receives Consensus Recommendation of “Buy” from Brokerages

WPX Energy Inc (NYSE:WPX) has been given a consensus rating of “Buy” by the twenty-four ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and twenty-one have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $18.25.

WPX has been the topic of several recent research reports. Zacks Investment Research raised WPX Energy from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Saturday, May 11th. Williams Capital reaffirmed a “buy” rating and set a $18.00 target price on shares of WPX Energy in a research report on Tuesday, August 6th. Cowen set a $14.00 target price on WPX Energy and gave the company a “buy” rating in a research report on Wednesday, August 21st. ValuEngine raised WPX Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 30th. Finally, MKM Partners initiated coverage on WPX Energy in a research report on Thursday, June 13th. They set a “buy” rating and a $15.00 target price on the stock.

NYSE WPX traded down $0.13 during midday trading on Friday, hitting $10.47. 7,135,198 shares of the company traded hands, compared to its average volume of 6,709,883. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.75 and a quick ratio of 0.71. The company has a market cap of $4.48 billion, a PE ratio of 116.33, a price-to-earnings-growth ratio of 0.99 and a beta of 2.13. The company’s 50-day simple moving average is $10.25 and its 200-day simple moving average is $11.77. WPX Energy has a 52 week low of $8.79 and a 52 week high of $20.80.

WPX Energy (NYSE:WPX) last announced its earnings results on Monday, August 5th. The oil and gas producer reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The business had revenue of $695.00 million for the quarter, compared to analysts’ expectations of $566.34 million. WPX Energy had a return on equity of 2.28% and a net margin of 23.59%. The business’s revenue for the quarter was up 61.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 EPS. On average, research analysts predict that WPX Energy will post 0.38 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank purchased a new position in shares of WPX Energy during the 2nd quarter valued at about $794,000. Treasurer of the State of North Carolina raised its stake in shares of WPX Energy by 5.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 206,349 shares of the oil and gas producer’s stock valued at $2,375,000 after buying an additional 10,470 shares during the last quarter. BlackRock Inc. raised its stake in shares of WPX Energy by 1.2% during the 2nd quarter. BlackRock Inc. now owns 35,615,086 shares of the oil and gas producer’s stock valued at $409,929,000 after buying an additional 417,423 shares during the last quarter. Phocas Financial Corp. purchased a new position in shares of WPX Energy during the 2nd quarter valued at about $31,000. Finally, TCTC Holdings LLC raised its stake in shares of WPX Energy by 8.3% during the 2nd quarter. TCTC Holdings LLC now owns 334,355 shares of the oil and gas producer’s stock valued at $3,849,000 after buying an additional 25,766 shares during the last quarter. 98.70% of the stock is owned by hedge funds and other institutional investors.

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 operates 657 wells and owns interests in 808 wells covering an area of approximately 130,000 net acres located in Delaware Basin, Texas and New Mexico; and operates 323 wells and owns interests in 87 wells that covers an area of approximately 85,087 net acres situated in the Williston Basin, North Dakota.

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Analyst Recommendations for WPX Energy (NYSE:WPX)

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