WPX Energy, Inc. (NYSE:WPX) – Research analysts at Capital One Financial Corporation increased their FY2017 EPS estimates for shares of WPX Energy in a report issued on Wednesday. Capital One Financial Corporation analyst B. Velie now expects that the oil and gas producer will post earnings per share of ($0.65) for the year, up from their prior estimate of ($0.70).

A number of other equities research analysts also recently issued reports on the stock. BMO Capital Markets set a $13.00 price target on shares of WPX Energy and gave the company a “buy” rating in a research report on Monday, August 28th. Credit Suisse Group initiated coverage on shares of WPX Energy in a research report on Thursday, June 1st. They set an “outperform” rating and a $18.00 price target for the company. Scotiabank reiterated a “buy” rating and set a $19.00 price target on shares of WPX Energy in a research report on Friday, June 30th. ValuEngine downgraded WPX Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded WPX Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.80.

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Shares of WPX Energy (NYSE:WPX) opened at 10.57 on Friday. The stock has a 50 day moving average price of $10.08 and a 200-day moving average price of $11.09. WPX Energy has a 52-week low of $8.39 and a 52-week high of $16.17. The stock’s market capitalization is $4.21 billion.

WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.02. The business had revenue of $413.00 million during the quarter, compared to analyst estimates 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 revenue was up 199.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.28) earnings per share.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in WPX Energy by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 33,553,898 shares of the oil and gas producer’s stock worth $324,132,000 after acquiring an additional 412,663 shares during the period. BlackRock Inc. grew its stake in WPX Energy by 0.6% in the 2nd quarter. BlackRock Inc. now owns 32,391,197 shares of the oil and gas producer’s stock worth $312,901,000 after acquiring an additional 188,749 shares during the period. State Street Corp grew its stake in WPX Energy by 9.5% in the 2nd quarter. State Street Corp now owns 14,691,763 shares of the oil and gas producer’s stock worth $141,921,000 after acquiring an additional 1,272,719 shares during the period. FMR LLC grew its stake in WPX Energy by 22.1% in the 2nd quarter. FMR LLC now owns 12,390,649 shares of the oil and gas producer’s stock worth $119,693,000 after acquiring an additional 2,244,508 shares during the period. Finally, Shapiro Capital Management LLC grew its stake in WPX Energy by 1.5% in the 2nd quarter. Shapiro Capital Management LLC now owns 12,297,864 shares of the oil and gas producer’s stock worth $118,797,000 after acquiring an additional 177,625 shares during the period. 97.61% of the stock is owned by hedge funds and other institutional investors.

In other WPX Energy news, insider Clay M. Gaspar sold 35,000 shares of WPX Energy stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $10.48, for a total value of $366,800.00. Following the completion of the sale, the insider now directly owns 506,326 shares of the company’s stock, valued at approximately $5,306,296.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by insiders.

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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