FY2018 Earnings Estimate for WPX Energy, Inc. Issued By Capital One Financial Corporation (WPX)
WPX Energy, Inc. (NYSE:WPX) – Analysts at Capital One Financial Corporation increased their FY2018 EPS estimates for shares of WPX Energy in a report issued on Thursday. Capital One Financial Corporation analyst B. Velie now anticipates that the oil and gas producer will post earnings of ($0.29) per share for the year, up from their previous estimate of ($0.53).
WPX has been the subject of a number of other research reports. Scotiabank restated a “buy” rating and set a $19.00 price objective on shares of WPX Energy in a report on Friday, June 30th. BMO Capital Markets restated a “buy” rating and set a $17.00 price objective on shares of WPX Energy in a report on Thursday, June 22nd. ValuEngine downgraded shares of WPX Energy from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Credit Suisse Group started coverage on shares of WPX Energy in a report on Thursday, June 1st. They set an “outperform” rating and a $18.00 price objective for the company. Finally, BidaskClub downgraded shares of WPX Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $15.95.
Shares of WPX Energy (WPX) traded up 1.808% on Monday, reaching $10.415. 2,505,730 shares of the company were exchanged. The company’s 50 day moving average is $9.80 and its 200 day moving average is $11.89. WPX Energy has a 12-month low of $8.39 and a 12-month high of $16.17. The firm’s market capitalization is $4.15 billion.
WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.02. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The business had revenue of $413 million for the quarter, compared to analyst estimates of $301.78 million. During the same quarter in the prior year, the business earned ($0.28) EPS. WPX Energy’s quarterly revenue was up 199.3% on a year-over-year basis.
Institutional investors have recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC raised 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 worth $145,000 after buying an additional 2,640 shares during the period. Bronfman E.L. Rothschild L.P. raised 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 worth $159,000 after buying an additional 2,915 shares during the period. Cadence Capital Management LLC raised its position 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 worth $166,000 after buying an additional 1,544 shares during the period. Loews Corp purchased a new position in WPX Energy during the first quarter worth approximately $166,000. Finally, Stevens Capital Management LP purchased a new position in WPX Energy during the first quarter worth approximately $171,000. Institutional investors own 95.03% of the company’s stock.
About WPX Energy
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.
Receive News & Ratings for WPX Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.