WPX Energy Inc. (NYSE:WPX) was up 11.1% on Tuesday . The company traded as high as $10.68 and last traded at $10.62, with a volume of 5,091,182 shares changing hands. The stock had previously closed at $9.56.

A number of equities research analysts have recently weighed in on WPX shares. JPMorgan Chase & Co. reissued a “buy” rating on shares of WPX Energy in a report on Wednesday, March 16th. Cowen and Company boosted their price objective on shares of WPX Energy from $4.00 to $6.00 and gave the company a “market perform” rating in a report on Wednesday, March 23rd. Deutsche Bank AG reissued a “hold” rating on shares of WPX Energy in a report on Thursday, March 24th. Goldman Sachs Group Inc. reissued a “hold” rating and set a $7.25 price objective (up from $6.75) on shares of WPX Energy in a report on Tuesday, March 29th. Finally, SunTrust Banks Inc. boosted their price objective on shares of WPX Energy from $7.00 to $9.00 and gave the company a “buy” rating in a report on Tuesday, March 29th. 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. WPX Energy currently has an average rating of “Buy” and an average target price of $9.88.

The company’s 50 day moving average price is $9.84 and its 200-day moving average price is $7.21. The firm’s market capitalization is $2.79 billion.

WPX Energy (NYSE:WPX) last released its earnings results on Thursday, May 5th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.05. The company earned $216 million during the quarter, compared to analysts’ expectations of $307.41 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. WPX Energy’s revenue for the quarter was down 48.6% compared to the same quarter last year. Analysts expect that WPX Energy Inc. will post ($0.70) earnings per share for the current year.

In other WPX Energy news, CEO Richard E. Muncrief acquired 20,400 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was bought at an average cost of $9.80 per share, for a total transaction of $199,920.00. Following the completion of the purchase, the chief executive officer now directly owns 732,481 shares in the company, valued at $7,178,313.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stephen L. Faulkner, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $9.88, for a total transaction of $49,400.00. Following the sale, the vice president now 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 added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its stake in 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 increased its stake in WPX Energy by 1.4% in the fourth quarter. Retirement Systems of Alabama now owns 300,661 shares of the company’s stock valued at $1,726,000 after buying an additional 4,025 shares in the last quarter. Swiss National Bank increased its stake in WPX Energy by 1.0% in the fourth quarter. Swiss National Bank now owns 305,300 shares of the company’s stock valued at $1,752,000 after buying an additional 3,100 shares in the last quarter. BOKF NA increased its stake 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. Finally, BNP Paribas Arbitrage SA increased its stake in WPX Energy by 126.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 342,079 shares of the company’s stock valued at $1,964,000 after buying an additional 191,054 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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