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 changing hands. The stock had previously closed at $10.46.

Several research firms have commented on WPX. Iberia Capital raised shares of WPX Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $7.00 to $11.00 in a report on Thursday, May 5th. Deutsche Bank AG reissued a “hold” rating on shares of WPX Energy in a report on Thursday, March 24th. Wunderlich raised their price target on shares of WPX Energy from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, May 6th. Imperial Capital raised their price target on shares of WPX Energy from $5.50 to $8.75 and gave the company an “outperform” rating in a research note on Tuesday, April 19th. Finally, BMO Capital Markets restated a “hold” rating on shares of WPX Energy in a research note on Monday, June 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the company. WPX Energy presently has a consensus rating of “Buy” and a consensus target price of $9.97.

The stock’s market capitalization is $2.80 billion. The stock has a 50-day moving average of $9.83 and a 200-day moving average of $7.23.

WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.21) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.05. The company had revenue of $216 million for the quarter, compared to the consensus estimate 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 earned $0.32 earnings per share. Equities research analysts forecast that WPX Energy Inc. will post ($0.68) earnings per share for the current year.

In related news, CEO Richard E. Muncrief acquired 20,400 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The shares were bought at an average cost of $9.80 per share, for a total transaction of $199,920.00. Following the completion of the transaction, the chief executive officer now owns 732,481 shares in the company, valued at $7,178,313.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, 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 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 completion of the transaction, the vice president now owns 35,754 shares in the company, valued at $353,249.52. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its position 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 during the period. Retirement Systems of Alabama boosted its position 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 during the period. California State Teachers Retirement System boosted its position in WPX Energy by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 448,809 shares of the company’s stock valued at $2,576,000 after buying an additional 7,092 shares during the period. Swiss National Bank boosted its position 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 during the period. Finally, Sei Investments Co. boosted its position in WPX Energy by 17,904.9% in the fourth quarter. Sei Investments Co. now owns 946,519 shares of the company’s stock valued at $5,433,000 after buying an additional 941,262 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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