Shares of WPX Energy Inc. (NYSE:WPX) were down 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 traded. The stock had previously closed at $9.51.

A number of analysts have recently weighed in on WPX shares. Goldman Sachs Group Inc. reissued a “hold” rating and issued a $7.25 price objective (up previously from $6.75) on shares of WPX Energy in a research report on Tuesday, March 29th. Wunderlich raised their price objective on WPX Energy from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, May 6th. Seaport Global Securities cut WPX Energy from a “reduce” rating to a “sell” rating and set a $5.00 price objective for the company. in a research report on Wednesday, March 30th. BMO Capital Markets reissued a “hold” rating on shares of WPX Energy in a research report on Monday, June 13th. Finally, Simmons raised their price objective on WPX Energy from $6.00 to $7.00 in a research report on Wednesday, March 30th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $9.88.

The stock’s market cap is $2.67 billion. The stock has a 50 day moving average of $9.82 and a 200-day moving average of $7.11.

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

In other WPX Energy news, CEO Richard E. Muncrief bought 20,400 shares of WPX Energy stock in a transaction dated Monday, June 6th. The stock was acquired at an average cost of $9.80 per share, with a total value of $199,920.00. Following the completion of the acquisition, the chief executive officer now owns 732,481 shares of the company’s stock, valued at $7,178,313.80. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Stephen L. Faulkner, Jr. sold 5,000 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $9.88, for a total transaction of $49,400.00. Following the completion of 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 large investors have made changes to their positions in the company. I.G. Investment Management LTD. boosted its stake in shares of WPX Energy by 9.9% in the fourth quarter. I.G. Investment Management LTD. now owns 605,048 shares of the company’s stock worth $3,473,000 after buying an additional 54,626 shares during the last quarter. Systematic Financial Management LP boosted its position in 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 in the last quarter. Victory Capital Management Inc. boosted its position in 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 in the last quarter. Wells Fargo & Company MN boosted its position in WPX Energy by 1.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,303,629 shares of the company’s stock valued at $7,482,000 after buying an additional 23,683 shares in the last quarter. Finally, BOKF NA boosted its position in WPX Energy by 185.6% in the fourth quarter. BOKF NA now owns 323,131 shares of the company’s stock valued at $1,854,000 after buying an additional 209,991 shares in 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.

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