WPX Energy Inc. (NYSE:WPX) shot up 4.2% during mid-day trading on Thursday . The company traded as high as $10.07 and last traded at $9.95, with a volume of 7,508,903 shares. The stock had previously closed at $9.55.

A number of brokerages have recently issued reports on WPX. Iberia Capital upgraded WPX Energy from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $7.00 to $11.00 in a research note on Thursday, May 5th. Wunderlich upped their price objective on WPX Energy from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, May 6th. Imperial Capital upped their price objective on WPX Energy from $5.50 to $8.75 and gave the stock an “outperform” rating in a research note on Tuesday, April 19th. BMO Capital Markets reiterated a “hold” rating on shares of WPX Energy in a research note on Monday, June 13th. Finally, Deutsche Bank AG upped their price objective on WPX Energy from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Tuesday, June 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $10.28.

The firm’s 50 day moving average is $9.56 and its 200-day moving average is $7.69. The firm’s market cap is $2.69 billion.

WPX Energy (NYSE:WPX) last released its earnings results on Thursday, August 4th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.07. The firm earned $138 million during the quarter, compared to the consensus estimate of $252.14 million. During the same period in the previous year, the business posted ($0.11) earnings per share. The company’s revenue was down 10.4% compared to the same quarter last year. On average, equities research analysts predict that WPX Energy Inc. will post ($0.70) EPS for the current fiscal year.

In other WPX Energy news, CEO Richard E. Muncrief purchased 20,400 shares of the stock in a transaction on Monday, June 6th. The stock was acquired at an average price of $9.80 per share, with a total value of $199,920.00. Following the transaction, the chief executive officer now directly owns 732,481 shares of the company’s stock, valued at approximately $7,178,313.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 shares were sold at an average price of $9.88, for a total value of $49,400.00. Following the transaction, the vice president now directly owns 35,754 shares of the company’s stock, valued at approximately $353,249.52. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have added to or reduced their stakes in 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 during 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 during 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 during the last quarter. 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 during the last quarter. Finally, Wells Fargo & Company MN raised its position in WPX Energy by 1.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,303,629 shares of the company’s stock worth $7,482,000 after buying an additional 23,683 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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