WPX Energy Inc. (NYSE:WPX)’s share price was down 9.3% during mid-day trading on Monday . The company traded as low as $9.04 and last traded at $9.06, with a volume of 8,050,492 shares. The stock had previously closed at $9.99.

A number of equities analysts have recently issued reports on WPX shares. Wunderlich reduced their price target on WPX Energy from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, June 7th. Northland Securities started coverage on WPX Energy in a research report on Tuesday, April 19th. They issued an “outperform” rating and a $9.00 target price on the stock. Robert W. Baird raised WPX Energy from a “neutral” rating to an “outperform” rating and upped their target price for the company from $8.00 to $12.00 in a research report on Thursday, July 21st. Zacks Investment Research raised WPX Energy from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday, June 30th. Finally, BMO Capital Markets reissued a “hold” rating on shares of WPX Energy in a research report on Monday, June 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $10.28.

The company’s market cap is $2.48 billion. The firm’s 50-day moving average price is $9.61 and its 200 day moving average price is $7.57.

WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.05. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The business earned $216 million during the quarter, compared to analyst estimates of $307.41 million. The company’s revenue for the quarter was down 48.6% compared to the same quarter last year. On average, equities research analysts anticipate that WPX Energy Inc. will post ($0.69) earnings per share for the current fiscal year.

In other WPX Energy news, CEO Richard E. Muncrief acquired 20,400 shares of the company’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 purchase, the chief executive officer now owns 732,481 shares in the company, valued at approximately $7,178,313.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Stephen L. Faulkner, Jr. sold 5,000 shares of WPX Energy stock in a transaction on Monday, June 13th. The shares were 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.

A number of hedge funds and institutional investors have bought and sold shares of the stock. Swiss National Bank raised 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 worth $1,752,000 after buying an additional 3,100 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in WPX Energy by 126.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 342,079 shares of the company’s stock worth $1,964,000 after buying an additional 191,054 shares in the last quarter. California State Teachers Retirement System raised 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 worth $2,576,000 after buying an additional 7,092 shares in the last quarter. 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 worth $3,473,000 after buying an additional 54,626 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in WPX Energy by 9.9% in the fourth quarter. New York State Common Retirement Fund now owns 982,205 shares of the company’s stock worth $5,638,000 after buying an additional 88,190 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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