Research Analysts Offer Predictions for WPX Energy Inc.’s Q3 2016 Earnings (WPX)
WPX Energy Inc. (NYSE:WPX) – Equities research analysts at FBR & Co issued their Q3 2016 EPS estimates for WPX Energy in a research report issued to clients and investors on Tuesday. FBR & Co analyst C. Mabry forecasts that the brokerage will post earnings of ($0.14) per share for the quarter. FBR & Co currently has a “Outperform” rating and a $16.00 target price on the stock. FBR & Co also issued estimates for WPX Energy’s Q4 2016 earnings at ($0.13) EPS, FY2016 earnings at ($0.74) EPS, FY2017 earnings at ($0.66) EPS and FY2018 earnings at ($0.46) EPS.
A number of other equities research analysts also recently commented on WPX. Imperial Capital raised their price objective on shares of WPX Energy from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Thursday, June 23rd. Zacks Investment Research upgraded 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. upgraded shares of WPX Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $10.50 to $14.75 in a research report on Wednesday, July 6th. Barclays PLC lifted their price target on shares of WPX Energy from $5.00 to $6.00 and gave the company an “underweight” rating in a research report on Thursday, July 14th. Finally, Robert W. Baird upgraded shares of WPX Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $8.00 to $12.00 in a research report on Thursday, July 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $11.53.
WPX Energy (NYSE:WPX) opened at 12.53 on Thursday. WPX Energy has a 12-month low of $2.53 and a 12-month high of $13.92. The company has a 50-day moving average price of $12.52 and a 200-day moving average price of $10.15. The firm’s market cap is $4.31 billion.
WPX Energy (NYSE:WPX) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.07. The business earned $138 million during the quarter, compared to analyst estimates of $252.14 million. WPX Energy had a negative return on equity of 6.76% and a negative net margin of 142.42%. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.11) EPS.
A number of hedge funds have recently added to or reduced their stakes in WPX. Ontario Teachers Pension Plan Board bought a new stake in shares of WPX Energy during the second quarter valued at about $100,000. Veritable L.P. boosted its stake in shares of WPX Energy by 1.6% in the second quarter. Veritable L.P. now owns 10,755 shares of the company’s stock valued at $100,000 after buying an additional 168 shares in the last quarter. Cypress Capital Management LLC WY bought a new stake in shares of WPX Energy during the second quarter valued at about $104,000. M&T Bank Corp boosted its stake in shares of WPX Energy by 7.4% in the first quarter. M&T Bank Corp now owns 16,040 shares of the company’s stock valued at $112,000 after buying an additional 1,105 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in shares of WPX Energy by 22.9% in the second quarter. Raymond James & Associates now owns 12,440 shares of the company’s stock valued at $116,000 after buying an additional 2,320 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.
WPX Energy Company Profile
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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