Shares of WPX Energy, Inc. (NYSE:WPX) gapped up prior to trading on Thursday . The stock had previously closed at $10.88, but opened at $10.55. WPX Energy shares last traded at $10.49, with a volume of 5,444,419 shares.

WPX has been the topic of several recent analyst reports. Scotiabank reiterated a “buy” rating and issued a $20.00 target price on shares of WPX Energy in a research note on Tuesday, June 13th. Robert W. Baird set a $16.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a research note on Wednesday, June 14th. BMO Capital Markets reiterated a “buy” rating and issued a $17.00 target price on shares of WPX Energy in a research note on Thursday, June 22nd. Northland Securities set a $20.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a research note on Monday, July 17th. Finally, Stifel Nicolaus set a $18.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Two 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 presently has a consensus rating of “Buy” and a consensus target price of $15.80.

The firm’s market cap is $4.18 billion. The company’s 50-day moving average is $10.10 and its 200-day moving average is $11.11.

WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) EPS for the quarter, topping the 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 firm had revenue of $413.00 million for the quarter, compared to the consensus estimate of $301.78 million. During the same quarter in the previous year, the firm earned ($0.28) earnings per share. The company’s quarterly revenue was up 199.3% compared to the same quarter last year. On average, equities research analysts forecast that WPX Energy, Inc. will post ($0.51) earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd lifted its holdings in shares of WPX Energy by 204.6% in the second quarter. Dynamic Technology Lab Private Ltd now owns 118,950 shares of the oil and gas producer’s stock worth $1,150,000 after buying an additional 79,893 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of WPX Energy by 8.4% in the second quarter. Public Employees Retirement System of Ohio now owns 379,526 shares of the oil and gas producer’s stock worth $3,666,000 after buying an additional 29,378 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of WPX Energy by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 119,329 shares of the oil and gas producer’s stock worth $1,152,000 after buying an additional 1,717 shares in the last quarter. Financial Partners Capital Management LLC lifted its holdings in shares of WPX Energy by 42.9% in the second quarter. Financial Partners Capital Management LLC now owns 32,987 shares of the oil and gas producer’s stock worth $319,000 after buying an additional 9,900 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of WPX Energy by 2.3% in the second quarter. The Manufacturers Life Insurance Company now owns 585,441 shares of the oil and gas producer’s stock worth $5,655,000 after buying an additional 13,365 shares in the last quarter. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

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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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