WPX Energy, Inc. (NYSE:WPX) Coverage Initiated at Imperial Capital
Imperial Capital began coverage on shares of WPX Energy, Inc. (NYSE:WPX) in a report issued on Tuesday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $18.00 price objective on the oil and gas producer’s stock.
A number of other analysts have also weighed in on WPX. FBR & Co reissued an outperform rating and issued a $19.00 price target on shares of WPX Energy in a report on Tuesday, March 21st. UBS AG began coverage on shares of WPX Energy in a report on Thursday, March 23rd. They set a buy rating and a $17.00 target price for the company. Scotiabank reaffirmed a buy rating and set a $20.00 target price on shares of WPX Energy in a report on Monday, March 27th. Seaport Global Securities raised shares of WPX Energy from a neutral rating to a buy rating in a report on Friday, March 31st. Finally, Stifel Nicolaus began coverage on shares of WPX Energy in a report on Wednesday, April 12th. They set a buy rating and a $21.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of $15.86.
Shares of WPX Energy (WPX) opened at 10.00 on Tuesday. WPX Energy has a 12 month low of $8.39 and a 12 month high of $16.17. The stock’s 50 day moving average price is $9.78 and its 200-day moving average price is $12.12. The firm’s market capitalization is $3.98 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, beating analysts’ consensus estimates of ($0.17) by $0.02. WPX Energy had a negative net margin of 52.99% and a negative return on equity of 7.13%. The company had revenue of $461 million during the quarter, compared to analysts’ expectations of $254.24 million. On average, equities analysts anticipate that WPX Energy will post ($0.58) earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Credit Agricole S A bought a new stake in WPX Energy during the fourth quarter valued at approximately $122,000. Numeric Investors LLC bought a new stake in WPX Energy during the fourth quarter valued at approximately $152,000. Meadow Creek Investment Management LLC boosted its stake 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. Bronfman E.L. Rothschild L.P. boosted its stake 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, Cadence Capital Management LLC boosted its stake in WPX Energy by 14.3% in the first quarter. Cadence Capital Management LLC now owns 12,365 shares of the oil and gas producer’s stock valued at $166,000 after buying an additional 1,544 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.
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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