WPX Energy, Inc. (NYSE:WPX) – Equities researchers at Seaport Global Securities reduced their Q3 2017 EPS estimates for WPX Energy in a research report issued on Monday. Seaport Global Securities analyst M. Kelly now expects that the oil and gas producer will post earnings of ($0.12) per share for the quarter, down from their prior forecast of ($0.11). Seaport Global Securities currently has a “Sell” rating and a $6.50 price target on the stock. Seaport Global Securities also issued estimates for WPX Energy’s FY2017 earnings at ($0.51) EPS, Q1 2018 earnings at ($0.07) EPS, Q2 2018 earnings at ($0.07) EPS, Q3 2018 earnings at ($0.06) EPS, Q4 2018 earnings at ($0.06) EPS and FY2018 earnings at ($0.26) EPS.

Several other equities research analysts also recently commented on the stock. 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 on the stock. Stifel Nicolaus started coverage on shares of WPX Energy in a report on Wednesday, April 12th. They set a “buy” rating and a $21.00 price objective on the stock. Scotiabank reaffirmed a “buy” rating and set a $19.00 price objective on shares of WPX Energy in a report on Friday, June 30th. ValuEngine downgraded shares of WPX Energy from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, FBR & Co reaffirmed a “buy” rating and set a $19.00 price objective on shares of WPX Energy in a report on Monday, April 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $15.95.

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WPX Energy (NYSE:WPX) opened at 10.30 on Wednesday. The company’s market capitalization is $4.10 billion. WPX Energy has a 12 month low of $8.40 and a 12 month high of $16.17. The stock has a 50 day moving average of $9.84 and a 200 day moving average of $11.85.

WPX Energy (NYSE:WPX) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. The company had revenue of $413 million for the quarter, compared to analyst estimates of $301.78 million. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The company’s revenue was up 199.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.28) earnings per share.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jennison Associates LLC boosted its position in WPX Energy by 36.8% in the first quarter. Jennison Associates LLC now owns 8,383,200 shares of the oil and gas producer’s stock valued at $112,251,000 after buying an additional 2,255,271 shares during the period. Canada Pension Plan Investment Board boosted its position in WPX Energy by 106.0% in the first quarter. Canada Pension Plan Investment Board now owns 323,920 shares of the oil and gas producer’s stock valued at $4,337,000 after buying an additional 166,700 shares during the period. Oregon Public Employees Retirement Fund boosted its position in WPX Energy by 13.9% in the first quarter. Oregon Public Employees Retirement Fund now owns 136,421 shares of the oil and gas producer’s stock valued at $1,827,000 after buying an additional 16,697 shares during the period. ProShare Advisors LLC boosted its position in WPX Energy by 6.9% in the first quarter. ProShare Advisors LLC now owns 69,405 shares of the oil and gas producer’s stock valued at $929,000 after buying an additional 4,492 shares during the period. Finally, Profund Advisors LLC boosted its position in WPX Energy by 5.9% in the first quarter. Profund Advisors LLC now owns 73,906 shares of the oil and gas producer’s stock valued at $990,000 after buying an additional 4,088 shares during the period. 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.

Earnings History and Estimates for WPX Energy (NYSE:WPX)

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