WPX Energy Inc. (WPX) Trading Up 3.2%
WPX Energy Inc. (NYSE:WPX) shares were up 3.2% during mid-day trading on Wednesday . The stock traded as high as $11.55 and last traded at $11.48, with a volume of 6,184,279 shares. The stock had previously closed at $11.12.
Several research analysts have issued reports on WPX shares. Iberia Capital upgraded WPX Energy from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $7.00 to $11.00 in a research report on Thursday, May 5th. Wunderlich increased 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. Imperial Capital cut their price objective on WPX Energy from $11.00 to $8.75 and set an “outperform” rating for the company in a research report on Friday, May 6th. Citigroup Inc. cut their price objective on WPX Energy from $11.00 to $7.50 and set a “neutral” rating for the company in a research report on Monday, May 16th. Finally, Seaport Global Securities upgraded WPX Energy from a “sell” rating to a “neutral” rating and set a $10.00 price objective for the company in a research report on Tuesday, June 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. WPX Energy has an average rating of “Buy” and an average price target of $9.99.
The stock’s market cap is $4.20 billion. The firm’s 50-day moving average is $10.00 and its 200-day moving average is $8.14.
WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.07. During the same period last year, the business posted ($0.11) EPS. The firm earned $138 million during the quarter, compared to analyst estimates of $252.14 million. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. On average, equities research analysts anticipate that WPX Energy Inc. will post ($0.79) earnings per share 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 on Monday, June 13th. The stock was sold at an average price of $9.88, for a total transaction of $49,400.00. Following the sale, the vice president now directly owns 35,754 shares of the company’s stock, valued at $353,249.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William G. Lowrie bought 10,000 shares of the business’s stock in a transaction dated Monday, June 6th. The shares were bought at an average cost of $9.80 per share, for a total transaction of $98,000.00. Following the completion of the transaction, the director now directly owns 237,076 shares of the company’s stock, valued at $2,323,344.80. The disclosure for this purchase can be found here.
Several large investors recently made changes to their positions in WPX. Jennison Associates LLC bought a new stake in shares of WPX Energy during the fourth quarter worth about $16,759,000. Poplar Forest Capital LLC raised its stake 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 worth $14,368,000 after buying an additional 260,593 shares during the period. RS Investment Management Co. LLC bought a new stake in shares of WPX Energy during the fourth quarter worth about $8,001,000. Finally, I.G. Investment Management LTD. raised 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.
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.