WPX Energy, Inc. (NYSE:WPX) Price Target Raised to $13.00 at BMO Capital Markets
WPX Energy, Inc. (NYSE:WPX) had its price target hoisted by BMO Capital Markets from $12.00 to $13.00 in a research note published on Friday morning. They currently have a no rating at time rating on the oil and gas producer’s stock.
Other analysts have also recently issued research reports about the stock. Scotiabank restated a buy rating and set a $20.00 target price on shares of WPX Energy in a research note on Tuesday, June 13th. Robert W. Baird set a $16.00 target price on shares of WPX Energy and gave the stock a buy rating in a research note on Wednesday, June 14th. FBR & Co restated a buy rating and set a $19.00 target price on shares of WPX Energy in a research note on Monday, April 17th. Stifel Nicolaus started coverage on shares of WPX Energy in a research note on Wednesday, April 12th. They set a buy rating and a $21.00 target price for the company. Finally, Seaport Global Securities upgraded shares of WPX Energy from a neutral rating to a buy rating in a research note on Friday, March 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $15.75.
WPX Energy (NYSE WPX) traded up 0.61% on Friday, hitting $9.96. 5,405,154 shares of the stock traded hands. The firm’s 50 day moving average is $10.69 and its 200 day moving average is $12.63. WPX Energy has a 52 week low of $8.39 and a 52 week high of $16.17. The stock’s market cap is $3.96 billion.
WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, May 3rd. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.02. The company had revenue of $461 million during the quarter, compared to analysts’ expectations of $254.24 million. WPX Energy had a negative net margin of 52.99% and a negative return on equity of 7.13%. Equities analysts anticipate that WPX Energy will post ($0.57) earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in WPX. Credit Agricole S A acquired a new position in WPX Energy during the fourth quarter valued at about $122,000. Meadow Creek Investment Management LLC boosted its position in WPX Energy by 32.3% in the first quarter. Meadow Creek Investment Management LLC now owns 10,816 shares of the oil and gas producer’s stock valued at $145,000 after buying an additional 2,640 shares in the last quarter. Numeric Investors LLC acquired a new position in WPX Energy during the fourth quarter valued at about $152,000. Bronfman E.L. Rothschild L.P. boosted its position in WPX Energy by 32.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,890 shares of the oil and gas producer’s stock valued at $159,000 after buying an additional 2,915 shares in the last quarter. Finally, Loews Corp acquired a new position in WPX Energy during the first quarter valued at about $166,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.
WPX Energy Company Profile
WPX Energy, Inc is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States.
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