Shares of WPX Energy Inc. (NYSE:WPX) shot up 4.2% during 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 commented on WPX. Iberia Capital upgraded WPX Energy from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $7.00 to $11.00 in a research note on Thursday, May 5th. Imperial Capital lowered their price target on WPX Energy from $11.00 to $8.75 and set an “outperform” rating on the stock in a research report on Friday, May 6th. Wunderlich increased their price target on WPX Energy from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, May 6th. Deutsche Bank AG increased their price target on WPX Energy from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Tuesday, June 14th. Finally, Citigroup Inc. lowered their price target on WPX Energy from $11.00 to $7.50 and set a “neutral” rating on the stock in a research report on Monday, May 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $10.28.

The company has a 50-day moving average of $9.58 and a 200-day moving average of $7.72. The stock’s market capitalization is $2.76 billion.

WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.07. The firm earned $138 million during the quarter, compared to analyst estimates of $252.14 million. WPX Energy’s quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.11) earnings per share. Equities research analysts predict that WPX Energy Inc. will post ($0.70) EPS for the current year.

In other news, Director William G. Lowrie purchased 10,000 shares of the firm’s stock in a transaction dated Monday, June 6th. The shares were acquired at an average price of $9.80 per share, with a total value of $98,000.00. Following the purchase, the director now directly owns 237,076 shares of the company’s stock, valued at $2,323,344.80. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard E. Muncrief purchased 20,400 shares of the firm’s stock in a transaction dated Monday, June 6th. The shares were purchased at an average cost of $9.80 per share, for a total transaction of $199,920.00. Following the purchase, the chief executive officer now directly owns 732,481 shares in the company, valued at $7,178,313.80. The disclosure for this purchase can be found here.

Other large investors have recently made changes to their positions in the company. Swiss National Bank raised its stake in shares of 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. 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 worth $1,964,000 after buying an additional 191,054 shares during the last quarter. I.G. Investment Management LTD. raised 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 worth $3,473,000 after buying an additional 54,626 shares during the last quarter. New York State Common Retirement Fund raised its stake 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 stake 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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