WPX Energy Inc. (NYSE:WPX)’s share price was down 4.1% on Monday . The stock traded as low as $11.52 and last traded at $11.85, with a volume of 5,114,604 shares trading hands. The stock had previously closed at $12.36.

Several equities analysts recently weighed in on WPX shares. Goldman Sachs Group Inc. upgraded shares of WPX Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $10.50 to $14.75 in a report on Wednesday, July 6th. Zacks Investment Research upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Thursday, June 30th. Wunderlich boosted their price objective on shares of WPX Energy from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, May 6th. KLR Group boosted their price objective on shares of WPX Energy from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, June 8th. Finally, Deutsche Bank AG boosted their price objective on shares of WPX Energy from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Tuesday, June 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the company. WPX Energy presently has a consensus rating of “Buy” and a consensus target price of $9.99.

The stock’s market capitalization is $4.06 billion. The company has a 50-day moving average of $10.20 and a 200-day moving average of $8.34.

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

In related news, VP Stephen L. Faulkner, Jr. sold 5,000 shares of the firm’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 transaction, the vice president now directly owns 35,754 shares in the company, valued at approximately $353,249.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard E. Muncrief bought 20,400 shares of the stock in a transaction that occurred on Monday, June 6th. The stock was purchased at an average price of $9.80 per share, for a total transaction of $199,920.00. Following the completion of the purchase, 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.

Other hedge funds recently modified their holdings of the company. Jennison Associates LLC bought a new stake in shares of WPX Energy during the fourth quarter worth $16,759,000. RS Investment Management Co. LLC bought a new stake in shares of WPX Energy during the fourth quarter worth $8,001,000. Finally, I.G. Investment Management LTD. increased 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 worth $3,473,000 after buying an additional 54,626 shares during the period.

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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