Shares of WPX Energy Inc. (NYSE:WPX) fell 4% on Thursday . The company traded as low as $9.09 and last traded at $9.13, with a volume of 7,747,331 shares. The stock had previously closed at $9.51.

A number of research firms recently weighed in on WPX. Seaport Global Securities cut shares of WPX Energy from a “reduce” rating to a “sell” rating and set a $5.00 price objective on the stock. in a report on Thursday, March 31st. Citigroup Inc. dropped their price objective on shares of WPX Energy from $11.00 to $7.50 and set a “neutral” rating on the stock in a report on Monday, May 16th. Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Thursday, June 30th. Imperial Capital increased their price objective on shares of WPX Energy from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, June 23rd. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of WPX Energy in a report on Thursday, March 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $9.88.

The company has a 50 day moving average of $9.83 and a 200-day moving average of $7.08. The company’s market capitalization is $2.56 billion.

WPX Energy (NYSE:WPX) last released its quarterly earnings results on Thursday, May 5th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.05. The business earned $216 million during the quarter, compared to the consensus estimate of $307.41 million. During the same period in the prior year, the firm earned $0.32 earnings per share. The business’s quarterly revenue was down 48.6% compared to the same quarter last year. On average, equities analysts anticipate that WPX Energy Inc. will post ($0.71) EPS for the current year.

In other news, CEO Richard E. Muncrief acquired 20,400 shares of the company’s stock in a transaction on Monday, June 6th. The stock was purchased at an average cost of $9.80 per share, with a total value of $199,920.00. Following the acquisition, the chief executive officer now owns 732,481 shares of the company’s stock, valued at approximately $7,178,313.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Stephen L. Faulkner, Jr. sold 5,000 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $9.88, for a total value of $49,400.00. Following the sale, the vice president now directly owns 35,754 shares of the company’s stock, valued at $353,249.52. The disclosure for this sale can be found here.

Other hedge funds have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System boosted its stake in shares of WPX Energy by 0.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 286,453 shares of the company’s stock valued at $1,644,000 after buying an additional 1,220 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of WPX Energy by 1.4% in the fourth quarter. Retirement Systems of Alabama now owns 300,661 shares of the company’s stock worth $1,726,000 after buying an additional 4,025 shares during the period. Swiss National Bank boosted its stake in shares of WPX Energy by 1.0% in the fourth quarter. Swiss National Bank now owns 305,300 shares of the company’s stock worth $1,752,000 after buying an additional 3,100 shares during the period. BOKF NA boosted its stake in shares of WPX Energy by 185.6% in the fourth quarter. BOKF NA now owns 323,131 shares of the company’s stock worth $1,854,000 after buying an additional 209,991 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of WPX Energy by 126.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 342,079 shares of the company’s stock worth $1,964,000 after buying an additional 191,054 shares during the period.

WPX Energy, Inc is an independent oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of long-life unconventional properties. It is engaged in the domestic development, production and gas management activities of oil, natural gas and natural gas liquids (NGLs) segment.

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