Shares of WPX Energy Inc. (NYSE:WPX) rose 4% during trading on Thursday . The company traded as high as $9.69 and last traded at $9.60, with a volume of 5,115,227 shares trading hands. The stock had previously closed at $9.23.

WPX has been the subject of a number of recent analyst reports. Wunderlich lowered their price target on WPX Energy from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, June 7th. KLR Group upped their price target on WPX Energy from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Drexel Hamilton initiated coverage on WPX Energy in a research note on Tuesday, April 5th. They issued a “buy” rating and a $11.00 price target for the company. Zacks Investment Research raised 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. Finally, Goldman Sachs Group Inc. raised WPX Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $10.50 to $14.75 in a research note on Wednesday, July 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the stock. WPX Energy has an average rating of “Buy” and a consensus target price of $10.28.

The firm’s market capitalization is $2.76 billion. The stock’s 50 day moving average is $9.61 and its 200 day moving average is $7.57.

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 the consensus estimate of ($0.26) by $0.05. During the same period in the previous year, the company earned $0.32 earnings per share. The firm earned $216 million during the quarter, compared to analyst estimates of $307.41 million. WPX Energy’s revenue was down 48.6% on a year-over-year basis. On average, analysts expect that WPX Energy Inc. will post ($0.70) earnings per share for the current fiscal year.

In other WPX Energy news, VP Stephen L. Faulkner, Jr. sold 5,000 shares of the stock in a transaction dated 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 directly owns 35,754 shares of the company’s stock, valued at approximately $353,249.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard E. Muncrief purchased 20,400 shares of the business’s stock in a transaction 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 directly owns 732,481 shares in the company, valued at approximately $7,178,313.80. The disclosure for this purchase can be found here.

A number of large investors recently made changes to their positions in WPX. State Board of Administration of Florida Retirement System increased its stake in shares of 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. Swiss National Bank raised 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 during the last quarter. BOKF NA raised 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 during the last quarter. BNP Paribas Arbitrage SA raised 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. Finally, California State Teachers Retirement System raised its stake 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 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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