Shares of WPX Energy Inc. (NYSE:WPX) traded up 3.2% during trading on Wednesday . The stock traded as high as $11.55 and last traded at $11.48, with a volume of 6,184,279 shares trading hands. The stock had previously closed at $11.12.

Several analysts have commented on the company. Iberia Capital upgraded WPX Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $7.00 to $11.00 in a report on Thursday, May 5th. Imperial Capital lowered their price target on WPX Energy from $11.00 to $8.75 and set an “outperform” rating for the company in a report on Friday, May 6th. Wunderlich lifted their price target on WPX Energy from $11.00 to $13.00 and gave the company a “buy” rating in a report on Friday, May 6th. Deutsche Bank AG lifted their price target on WPX Energy from $11.00 to $12.00 and gave the company a “hold” rating in a 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 for the company in a report on Monday, May 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $9.99.

The firm’s market capitalization is $3.94 billion. The stock has a 50-day moving average of $9.86 and a 200-day moving average of $8.09.

WPX Energy (NYSE:WPX) last released its earnings results on Thursday, August 4th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.07. During the same quarter in the prior year, the business earned ($0.11) earnings per share. The business earned $138 million during the quarter, compared to analysts’ expectations of $252.14 million. The firm’s revenue was down 10.4% on a year-over-year basis. Equities analysts expect that WPX Energy Inc. will post ($0.79) EPS for the current year.

In other news, VP Stephen L. Faulkner, Jr. sold 5,000 shares of WPX Energy stock in a transaction that occurred on 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 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 acquired 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 acquisition, 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.

Several hedge funds 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 last quarter. New York State Common Retirement Fund raised its stake in shares of 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 valued at $5,638,000 after buying an additional 88,190 shares during the last quarter. I.G. Investment Management LTD. raised its stake in shares of WPX Energy by 9.9% in the fourth quarter. I.G. Investment Management LTD. now owns 605,048 shares of the company’s stock valued at $3,473,000 after buying an additional 54,626 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of WPX Energy during the fourth quarter valued at $16,759,000. Finally, Poplar Forest Capital LLC raised its stake in shares of 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 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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