WPX Energy Inc. (NYSE:WPX)’s share price fell 4.1% during trading on Wednesday . The stock traded as low as $9.84 and last traded at $10.03, with a volume of 7,474,470 shares traded. The stock had previously closed at $10.46.

Several research firms have commented on WPX. Seaport Global Securities downgraded shares of WPX Energy from a “reduce” rating to a “sell” rating and set a $5.00 price target for the company. in a research note on Thursday, March 31st. Citigroup Inc. dropped their price target on shares of WPX Energy from $11.00 to $7.50 and set a “neutral” rating for the company in a research note on Monday, May 16th. Zacks Investment Research upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Thursday, June 30th. Imperial Capital boosted their price target on shares of WPX Energy from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Thursday, June 23rd. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of WPX Energy in a research note on Thursday, March 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $9.88.

The stock has a 50-day moving average of $9.83 and a 200-day moving average of $7.19. The stock’s market capitalization is $2.79 billion.

WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.21) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.05. The company had revenue of $216 million for the quarter, compared to analyst estimates of $307.41 million. During the same period in the prior year, the business earned $0.32 earnings per share. WPX Energy’s revenue was down 48.6% on a year-over-year basis. Equities analysts predict that WPX Energy Inc. will post ($0.70) EPS for the current fiscal year.

In other WPX Energy news, Director William G. Lowrie purchased 10,000 shares of the firm’s 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 $98,000.00. Following the acquisition, the director now owns 237,076 shares of the company’s stock, valued at approximately $2,323,344.80. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Richard E. Muncrief purchased 20,400 shares of the firm’s 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 directly owns 732,481 shares in the company, valued at approximately $7,178,313.80. The disclosure for this purchase can be found here.

Several hedge funds and institutional investors have bought and sold shares of the stock. I.G. Investment Management LTD. raised its position in WPX Energy by 9.9% in the fourth quarter. I.G. Investment Management LTD. now owns 605,048 shares of the company’s stock valued at $3,473,000 after buying an additional 54,626 shares during the period. Systematic Financial Management LP raised 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 during the period. Victory Capital Management Inc. raised 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 during the period. Wells Fargo & Company MN raised 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 during the period. Finally, BOKF NA raised 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 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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