WPX Energy, Inc. (WPX) Given a $10.00 Price Target at Barclays PLC
WPX Energy, Inc. (NYSE:WPX) has been assigned a $10.00 target price by equities research analysts at Barclays PLC in a report released on Friday. The brokerage presently has a “hold” rating on the oil and gas producer’s stock. Barclays PLC’s target price indicates a potential downside of 3.94% from the stock’s previous close.
Several other analysts have also recently commented on the company. Credit Suisse Group started coverage on WPX Energy in a report on Thursday, June 1st. They issued an “outperform” rating and a $18.00 target price on the stock. Stifel Nicolaus started coverage on WPX Energy in a report on Wednesday, April 12th. They issued a “buy” rating and a $21.00 target price on the stock. Scotiabank reiterated a “buy” rating and issued a $19.00 target price on shares of WPX Energy in a report on Friday, June 30th. ValuEngine cut WPX Energy from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, FBR & Co reiterated a “buy” rating and issued a $19.00 target price on shares of WPX Energy in a report on Monday, April 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $15.95.
Shares of WPX Energy (NYSE:WPX) opened at 10.41 on Friday. The company has a 50 day moving average of $9.80 and a 200-day moving average of $11.89. The firm’s market capitalization is $4.14 billion. WPX Energy has a 12 month low of $8.39 and a 12 month high of $16.17.
WPX Energy (NYSE:WPX) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. The company had revenue of $413 million for the quarter, compared to analysts’ expectations of $301.78 million. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. The business’s quarterly revenue was up 199.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.28) earnings per share. Analysts predict that WPX Energy will post ($0.55) EPS for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Meadow Creek Investment Management LLC increased its position in shares of 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 worth $145,000 after buying an additional 2,640 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in shares of 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 worth $159,000 after buying an additional 2,915 shares during the period. Cadence Capital Management LLC increased its position in shares of 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 worth $166,000 after buying an additional 1,544 shares during the period. Loews Corp acquired a new position in shares of WPX Energy during the first quarter worth about $166,000. Finally, Stevens Capital Management LP acquired a new position in shares of WPX Energy during the first quarter worth about $171,000. Hedge funds and other institutional investors own 95.03% of the company’s stock.
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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