WPX Energy, Inc. (NYSE:WPX) had its price target lowered by Piper Jaffray Companies from $15.00 to $12.00 in a report released on Monday. The brokerage currently has a neutral rating on the oil and gas producer’s stock.

A number of other research firms also recently issued reports on WPX. ValuEngine downgraded shares of WPX Energy from a hold rating to a sell rating in a research note on Friday, June 2nd. Credit Suisse Group began coverage on shares of WPX Energy in a research note on Thursday, June 1st. They issued an outperform rating and a $18.00 price target on the stock. Barclays PLC set a $10.00 price target on shares of WPX Energy and gave the company a hold rating in a research note on Friday, August 4th. Imperial Capital began coverage on shares of WPX Energy in a research note on Tuesday, July 18th. They issued an outperform rating and a $18.00 price target on the stock. Finally, Scotiabank reissued a buy rating and issued a $20.00 price target on shares of WPX Energy in a research note on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $15.62.

Shares of WPX Energy (NYSE WPX) opened at 11.06 on Monday. The stock’s market capitalization is $4.40 billion. The company has a 50-day moving average of $10.07 and a 200-day moving average of $11.03. WPX Energy has a 52-week low of $8.39 and a 52-week high of $16.17.

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

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In related news, insider Clay M. Gaspar sold 35,000 shares of the company’s stock in a transaction 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 owns 506,326 shares in the company, valued at approximately $5,306,296.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Capital Advisors Inc. OK raised its position in WPX Energy by 2.0% during the 2nd quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 200 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in WPX Energy by 0.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 65,020 shares of the oil and gas producer’s stock worth $628,000 after buying an additional 264 shares during the last quarter. Robotti Robert raised its position in WPX Energy by 0.9% during the 2nd quarter. Robotti Robert now owns 52,750 shares of the oil and gas producer’s stock worth $499,000 after buying an additional 450 shares during the last quarter. World Asset Management Inc raised its position in WPX Energy by 2.8% during the 2nd quarter. World Asset Management Inc now owns 25,120 shares of the oil and gas producer’s stock worth $243,000 after buying an additional 683 shares during the last quarter. Finally, M&T Bank Corp raised its position in WPX Energy by 5.0% during the 1st quarter. M&T Bank Corp now owns 19,161 shares of the oil and gas producer’s stock worth $257,000 after buying an additional 912 shares during the last quarter. Institutional investors own 97.61% 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.

Analyst Recommendations for WPX Energy (NYSE:WPX)

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