Shares of WPX Energy Inc. (NYSE:WPX) traded down 4.1% during mid-day trading on Monday . The stock traded as low as $11.52 and last traded at $11.85, with a volume of 5,114,604 shares changing hands. The stock had previously closed at $12.36.

Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of WPX Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Barclays PLC upped their price objective on shares of WPX Energy from $6.00 to $7.50 and gave the company an “underweight” rating in a research note on Monday, August 8th. Robert W. Baird raised shares of WPX Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $8.00 to $12.00 in a research note on Thursday, July 21st. Goldman Sachs Group Inc. raised shares of WPX Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $10.50 to $14.75 in a research note on Wednesday, July 6th. Finally, Imperial Capital upped their price objective on shares of WPX Energy from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, June 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $9.99.

The firm’s 50 day moving average price is $10.09 and its 200-day moving average price is $8.20. The stock’s market capitalization is $4.11 billion.

WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.21) by $0.07. The company had revenue of $138 million for the quarter, compared to analyst estimates of $252.14 million. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.11) EPS. On average, equities research analysts anticipate that WPX Energy Inc. will post ($0.79) earnings per share for the current year.

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

A number of hedge funds have bought and sold shares of WPX. I.G. Investment Management LTD. boosted 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 period. Jennison Associates LLC acquired a new stake in WPX Energy during the fourth quarter worth about $16,759,000. Finally, RS Investment Management Co. LLC acquired a new stake in WPX Energy during the fourth quarter worth about $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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