WPX Energy Inc. (NYSE:WPX) shares traded down 3.5% on Monday . The company traded as low as $9.36 and last traded at $9.43, with a volume of 4,579,876 shares trading hands. The stock had previously closed at $9.77.

A number of research analysts recently weighed in on the stock. Iberia Capital upgraded shares of WPX Energy from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $7.00 to $11.00 in a report on Thursday, May 5th. Wunderlich lifted their price objective on shares of WPX Energy from $11.00 to $13.00 and gave the company a “buy” rating in a report on Friday, May 6th. Imperial Capital lifted their price objective on shares of WPX Energy from $5.50 to $8.75 and gave the company an “outperform” rating in a report on Tuesday, April 19th. BMO Capital Markets restated a “hold” rating on shares of WPX Energy in a report on Monday, June 13th. Finally, Deutsche Bank AG lifted their price objective 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the stock. WPX Energy currently has an average rating of “Buy” and an average target price of $10.28.

The stock’s market capitalization is $2.61 billion. The company has a 50-day moving average price of $9.75 and a 200 day moving average price of $7.47.

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 Zacks’ consensus estimate of ($0.26) by $0.05. The business earned $216 million during the quarter, compared to analyst estimates of $307.41 million. The business’s quarterly revenue was down 48.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 earnings per share. Analysts expect that WPX Energy Inc. will post ($0.69) earnings per share for the current year.

In other news, CEO Richard E. Muncrief purchased 20,400 shares of the company’s stock in a transaction that occurred on 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 acquisition, the chief executive officer now owns 732,481 shares in the company, valued at approximately $7,178,313.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William G. Lowrie purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The shares were purchased at an average cost of $9.80 per share, with a total value of $98,000.00. Following the completion of the acquisition, the director now owns 237,076 shares in the company, valued at approximately $2,323,344.80. The disclosure for this purchase can be found here.

Other hedge funds have recently added to or reduced their stakes in the company. Poplar Forest Capital LLC boosted its stake in WPX Energy by 11.6% in the fourth quarter. Poplar Forest Capital LLC now owns 2,503,130 shares of the company’s stock valued at $14,368,000 after buying an additional 260,593 shares during the last quarter. BNP Paribas Arbitrage SA boosted 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 during the last quarter. Jennison Associates LLC purchased a new stake in WPX Energy during the fourth quarter valued at $16,759,000. I.G. Investment Management LTD. boosted its stake 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 last quarter. Finally, Systematic Financial Management LP boosted its stake 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 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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