WPX Energy Inc. (NYSE:WPX) was up 1.7% on Wednesday . The stock traded as high as $10.68 and last traded at $10.48, with a volume of 4,890,123 shares traded. The stock had previously closed at $10.30.

Several equities research analysts have recently weighed in on WPX shares. Wunderlich upped their price target on shares of WPX Energy from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, May 6th. KLR Group upped their price target on shares of WPX Energy from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, June 8th. Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Thursday, June 30th. Goldman Sachs Group Inc. raised shares of WPX Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $10.50 to $14.75 in a research report on Wednesday, July 6th. Finally, Deutsche Bank AG upped their price target on shares of WPX Energy from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Tuesday, June 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $10.35.

The company’s market cap is $3.52 billion. The stock’s 50-day moving average is $9.64 and its 200-day moving average is $7.87.

WPX Energy (NYSE:WPX) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.21) by $0.07. During the same period in the previous year, the company earned ($0.11) EPS. The firm had revenue of $138 million for the quarter, compared to analyst estimates of $252.14 million. The company’s revenue was down 10.4% on a year-over-year basis. On average, analysts predict that WPX Energy Inc. will post ($0.74) EPS for the current year.

In related news, VP Stephen L. Faulkner, Jr. sold 5,000 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now owns 35,754 shares in the company, valued at approximately $353,249.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William G. Lowrie purchased 10,000 shares of WPX Energy stock in a transaction that occurred on Monday, June 6th. The stock was acquired at an average price of $9.80 per share, with a total value of $98,000.00. Following the transaction, the director now owns 237,076 shares in the company, valued at $2,323,344.80. The disclosure for this purchase can be found here.

Other hedge funds have added to or reduced their stakes in the company. Systematic Financial Management LP increased 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 period. Victory Capital Management Inc. increased its stake in WPX Energy by 31.9% in the fourth quarter. Victory Capital Management Inc. now owns 4,730,649 shares of the company’s stock valued at $27,154,000 after buying an additional 1,142,759 shares during the period. Jennison Associates LLC acquired a new stake in WPX Energy during the fourth quarter valued at approximately $16,759,000. Poplar Forest Capital LLC increased 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 period. Finally, RS Investment Management Co. LLC acquired a new stake in WPX Energy during the fourth quarter valued at approximately $8,001,000.

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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