WPX Energy Inc. (WPX) Sets New 1-Year High at $12.53
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.