WPX Energy Inc. (WPX) Reaches New 12-Month High at $12.26
WPX Energy Inc. (NYSE:WPX) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $12.26 and last traded at $12.08, with a volume of 6,758,656 shares traded. The stock had previously closed at $11.44.
Several brokerages recently issued reports on WPX. Zacks Investment Research downgraded shares of WPX Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Barclays PLC boosted their price objective on WPX Energy from $6.00 to $7.50 and gave the stock an “underweight” rating in a report on Monday, August 8th. Robert W. Baird raised WPX Energy from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $8.00 to $12.00 in a report on Thursday, July 21st. Goldman Sachs Group Inc. raised WPX Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $10.50 to $14.75 in a report on Wednesday, July 6th. Finally, Imperial Capital boosted their price objective on WPX Energy from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, June 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company’s stock. WPX Energy has a consensus rating of “Buy” and a consensus price target of $9.99.
The company’s market capitalization is $4.26 billion. The company’s 50 day moving average is $10.09 and its 200-day moving average is $8.20.
WPX Energy (NYSE:WPX) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.07. During the same period last year, the business earned ($0.11) EPS. The firm earned $138 million during the quarter, compared to the consensus estimate of $252.14 million. WPX Energy’s revenue was down 10.4% compared to the same quarter last year. On average, analysts forecast that WPX Energy Inc. will post ($0.79) earnings per share for the current year.
In related news, CEO Richard E. Muncrief acquired 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, for a total transaction of $199,920.00. Following the completion of the transaction, the chief executive officer now directly owns 732,481 shares of the company’s stock, valued at $7,178,313.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William G. Lowrie acquired 10,000 shares of the stock in a transaction dated Monday, June 6th. The shares were bought at an average price of $9.80 per share, with a total value 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.
Other institutional investors recently modified their holdings of the company. Poplar Forest Capital LLC increased 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 worth $14,368,000 after buying an additional 260,593 shares during the period. I.G. Investment Management LTD. increased 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 worth $3,473,000 after buying an additional 54,626 shares during the period. RS Investment Management Co. LLC bought a new position in shares of WPX Energy during the fourth quarter worth about $8,001,000. Finally, Jennison Associates LLC bought a new position in shares of WPX Energy during the fourth quarter worth about $16,759,000.
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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