WPX Energy Inc. (NYSE:WPX) shot up 5% during trading on Wednesday . The company traded as high as $9.52 and last traded at $9.50, with a volume of 6,808,933 shares. The stock had previously closed at $9.05.

A number of research firms recently issued reports on WPX. Goldman Sachs Group Inc. upgraded shares of WPX Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $10.50 to $14.75 in a report on Wednesday. Zacks Investment Research upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Thursday, June 30th. Imperial Capital boosted their target price on shares of WPX Energy from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Thursday, June 23rd. Deutsche Bank AG boosted their target price on shares of WPX Energy from $11.00 to $12.00 and gave the company a “hold” rating in a report on Tuesday, June 14th. Finally, BMO Capital Markets restated a “hold” rating on shares of WPX Energy in a report on Monday, June 13th. Two 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. WPX Energy presently has a consensus rating of “Buy” and a consensus price target of $9.88.

The firm’s market cap is $2.63 billion. The firm has a 50 day moving average price of $9.83 and a 200 day moving average price of $7.08.

WPX Energy (NYSE:WPX) last released its quarterly earnings data on Thursday, May 5th. The company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.05. The firm earned $216 million during the quarter, compared to analyst estimates of $307.41 million. The company’s quarterly revenue was down 48.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 EPS. Equities analysts anticipate that WPX Energy Inc. will post ($0.71) EPS for the current fiscal year.

In related news, CEO Richard E. Muncrief acquired 20,400 shares of the stock in a transaction dated Monday, June 6th. The shares were acquired at an average price of $9.80 per share, for a total transaction of $199,920.00. Following the completion of the purchase, the chief executive officer now owns 732,481 shares in the company, valued at approximately $7,178,313.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William G. Lowrie acquired 10,000 shares of the stock in a transaction dated Monday, June 6th. The stock was bought at an average price of $9.80 per share, for a total transaction of $98,000.00. Following the purchase, the director now owns 237,076 shares of the company’s stock, valued at approximately $2,323,344.80. The disclosure for this purchase can be found here.

Other large investors recently made changes to their positions in the company. Systematic Financial Management LP increased its stake in shares of WPX Energy by 9.6% in the fourth quarter. Systematic Financial Management LP now owns 7,889,070 shares of the company’s stock valued at $45,283,000 after buying an additional 690,534 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of WPX Energy by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,792,365 shares of the company’s stock valued at $33,240,000 after buying an additional 186,509 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of WPX Energy by 31.9% in the fourth quarter. Victory Capital Management Inc. now owns 4,730,649 shares of the company’s stock valued at $27,154,000 after buying an additional 1,142,759 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of WPX Energy during the fourth quarter valued at about $16,759,000. Finally, OppenheimerFunds Inc. increased its stake in shares of WPX Energy by 338.7% in the fourth quarter. OppenheimerFunds Inc. now owns 2,676,074 shares of the company’s stock valued at $15,361,000 after buying an additional 2,066,061 shares during the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.