WPX Energy Inc. (WPX) Reaches New 12-Month High at $12.53
WPX Energy Inc. (NYSE:WPX) shares hit 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 brokerages have recently weighed in on WPX. Barclays PLC raised their price target on WPX Energy from $7.50 to $9.00 and gave the company an “underweight” rating in a research report on Thursday. KLR Group raised their price target on WPX Energy from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Seaport Global Securities upgraded WPX Energy from a “sell” rating to a “neutral” rating and set a $10.00 price target for the company in a research report on Tuesday, June 7th. Wunderlich dropped their price target on WPX Energy from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, June 7th. Finally, Zacks Investment Research cut WPX Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company’s stock. WPX Energy presently has an average rating of “Buy” and an average price target of $10.06.
The company’s 50 day moving average is $10.59 and its 200 day moving average is $8.63. The company’s market cap is $4.22 billion.
WPX Energy (NYSE:WPX) last announced its earnings results 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 the consensus estimate of $252.14 million. During the same quarter in the previous year, the business earned ($0.11) earnings per share. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. Analysts predict that WPX Energy Inc. will post ($0.80) earnings per share for the current year.
In related news, 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, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $49,400.00. Following the sale, the vice president now directly owns 35,754 shares in the company, valued at $353,249.52. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in WPX Energy stock. I.G. Investment Management LTD. raised its stake in shares of WPX Energy Inc. (NYSE:WPX) by 9.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 605,048 shares of the company’s stock after buying an additional 54,626 shares during the period. I.G. Investment Management LTD. owned about 0.22% of WPX Energy worth $3,473,000 as of its most recent SEC filing.
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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