WPX Energy Inc. (NYSE:WPX) reached a new 52-week high on Wednesday . The company traded as high as $12.53 and last traded at $11.97, with a volume of 7,977,324 shares changing hands. The stock had previously closed at $12.07.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut WPX Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Barclays PLC increased their price target on 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 upgraded WPX Energy from a “neutral” rating to an “outperform” rating and increased their price target for the company from $8.00 to $12.00 in a research note on Thursday, July 21st. Goldman Sachs Group Inc. upgraded WPX Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $10.50 to $14.75 in a research note on Wednesday, July 6th. Finally, Imperial Capital increased their price target on WPX Energy from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, June 23rd. One research analyst has 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 currently has an average rating of “Buy” and a consensus target price of $9.99.

The firm’s market cap is $4.10 billion. The firm’s 50 day moving average is $10.53 and its 200-day moving average is $8.61.

WPX Energy (NYSE:WPX) last posted its quarterly earnings data 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. The firm earned $138 million during the quarter, compared to analysts’ expectations of $252.14 million. During the same period in the prior year, the firm earned ($0.11) EPS. The company’s quarterly revenue was down 10.4% on a year-over-year basis. On average, equities research analysts predict that WPX Energy Inc. will post ($0.80) EPS for the current fiscal year.

In other news, VP Stephen L. Faulkner, Jr. sold 5,000 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was 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 of the company’s stock, valued at approximately $353,249.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard E. Muncrief bought 20,400 shares of the stock in a transaction dated Monday, June 6th. The stock was bought at an average cost of $9.80 per share, with a total value of $199,920.00. Following the purchase, the chief executive officer now owns 732,481 shares in the company, valued at approximately $7,178,313.80. The disclosure for this purchase can be found here.

A number of hedge funds and institutional investors have added to or reduced their stakes in the stock. I.G. Investment Management LTD. raised its position 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. Jennison Associates LLC acquired a new position in WPX Energy during the fourth quarter worth approximately $16,759,000. Finally, RS Investment Management Co. LLC acquired a new position in WPX Energy during the fourth quarter worth 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.