WPX Energy Inc. (WPX) Sets New 12-Month High at $12.26
WPX Energy Inc. (NYSE:WPX) hit a new 52-week high during trading on Thursday . The company traded as high as $12.26 and last traded at $12.08, with a volume of 6,758,656 shares. The stock had previously closed at $11.44.
WPX has been the subject of a number of research reports. Wunderlich raised their price objective on WPX Energy from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, May 6th. Barclays PLC raised their price objective on WPX Energy from $6.00 to $7.50 and gave the stock an “underweight” rating in a research report on Monday, August 8th. Goldman Sachs Group Inc. upgraded WPX Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $10.50 to $14.75 in a research report on Wednesday, July 6th. BMO Capital Markets restated a “hold” rating on shares of WPX Energy in a research report on Monday, June 13th. Finally, Zacks Investment Research lowered WPX Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Two 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 stock has a consensus rating of “Buy” and a consensus price target of $9.99.
The firm has a 50 day moving average of $9.93 and a 200 day moving average of $8.12. The stock’s market cap is $4.16 billion.
WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.21) by $0.07. The firm earned $138 million during the quarter, compared to the consensus estimate of $252.14 million. During the same period in the prior year, the company earned ($0.11) earnings per share. WPX Energy’s revenue for the quarter was down 10.4% compared to the same quarter last year. On average, equities research analysts expect that WPX Energy Inc. will post ($0.79) earnings per share for the current fiscal year.
In related news, Director William G. Lowrie purchased 10,000 shares of WPX Energy stock in a transaction that occurred on Monday, June 6th. The stock was purchased at an average cost of $9.80 per share, with a total value of $98,000.00. Following the completion of the transaction, the director now owns 237,076 shares of the company’s stock, valued at approximately $2,323,344.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Stephen L. Faulkner, Jr. sold 5,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $353,249.52. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors recently modified their holdings of the stock. Swiss National Bank boosted its position 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 period. I.G. Investment Management LTD. boosted its position 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 period. New York State Common Retirement Fund boosted its position 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 period. Poplar Forest Capital LLC boosted its position 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 period. Finally, RS Investment Management Co. LLC bought a new position in shares of WPX Energy during the fourth quarter valued at 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.
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