WPX Energy, Inc. (NYSE:WPX) shares rose 5.8% during mid-day trading on Wednesday . The stock traded as high as $10.69 and last traded at $10.55. Approximately 9,730,317 shares were traded during trading, an increase of 28% from the average daily volume of 7,628,250 shares. The stock had previously closed at $9.97.

WPX has been the topic of several research reports. BMO Capital Markets reaffirmed a “buy” rating and set a $17.00 price objective on shares of WPX Energy in a report on Thursday, June 22nd. Scotiabank reissued a “buy” rating and issued a $19.00 price target on shares of WPX Energy in a research note on Friday, June 30th. ValuEngine raised WPX Energy from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Credit Suisse Group started coverage on WPX Energy in a research note on Thursday, June 1st. They issued an “outperform” rating and a $18.00 price target on the stock. Finally, BidaskClub downgraded WPX Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company’s stock. WPX Energy presently has a consensus rating of “Buy” and a consensus price target of $15.80.

The firm’s market capitalization is $4.20 billion. The company has a 50-day moving average price of $10.10 and a 200-day moving average price of $11.11.

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 (EPS) for the quarter, topping 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 $413.00 million during the quarter, compared to the consensus estimate of $301.78 million. During the same period in the prior year, the firm posted ($0.28) EPS. The firm’s quarterly revenue was up 199.3% compared to the same quarter last year. On average, equities analysts forecast that WPX Energy, Inc. will post ($0.51) EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of WPX. ProShare Advisors LLC grew its position in WPX Energy by 6.9% in the 1st quarter. ProShare Advisors LLC now owns 69,405 shares of the oil and gas producer’s stock worth $929,000 after purchasing an additional 4,492 shares in the last quarter. Canada Pension Plan Investment Board grew its position in WPX Energy by 106.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 323,920 shares of the oil and gas producer’s stock worth $4,337,000 after purchasing an additional 166,700 shares in the last quarter. Great West Life Assurance Co. Can grew its position in WPX Energy by 21.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 237,694 shares of the oil and gas producer’s stock worth $3,179,000 after purchasing an additional 42,118 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in WPX Energy by 2.4% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 64,756 shares of the oil and gas producer’s stock worth $867,000 after purchasing an additional 1,500 shares in the last quarter. Finally, US Bancorp DE grew its position in WPX Energy by 17.4% in the 1st quarter. US Bancorp DE now owns 29,130 shares of the oil and gas producer’s stock worth $390,000 after purchasing an additional 4,312 shares in the last quarter. 97.61% of the stock is owned by institutional investors and hedge funds.

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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.

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