SunTrust Banks set a $22.00 price objective on WPX Energy (NYSE:WPX) in a research note published on Monday morning. The brokerage currently has a buy rating on the oil and gas producer’s stock.

Several other equities analysts have also commented on the company. ValuEngine raised WPX Energy from a sell rating to a hold rating in a research report on Friday. Piper Jaffray raised WPX Energy from a neutral rating to an overweight rating and set a $17.00 price target on the stock in a research report on Wednesday, April 11th. National Alliance Securities raised WPX Energy from a hold rating to a buy rating and set a $15.00 price target on the stock in a research report on Monday, April 9th. Stifel Nicolaus set a $29.00 price target on WPX Energy and gave the stock a buy rating in a research report on Wednesday, March 28th. Finally, Johnson Rice began coverage on WPX Energy in a research report on Wednesday, March 21st. They set a buy rating and a $23.00 price target on the stock. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $18.43.

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WPX Energy stock opened at $15.48 on Monday. The company has a market cap of $6,068.63, a P/E ratio of -36.86 and a beta of 2.28. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 0.66. WPX Energy has a one year low of $8.39 and a one year high of $16.09.

WPX Energy (NYSE:WPX) last released its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.06. The firm had revenue of $238.00 million for the quarter, compared to analyst estimates of $410.78 million. WPX Energy had a negative return on equity of 3.83% and a negative net margin of 1.20%. WPX Energy’s revenue for the quarter was up 170.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.16) EPS. sell-side analysts expect that WPX Energy will post 0.02 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System raised its position in shares of WPX Energy by 0.6% in the 4th quarter. California State Teachers Retirement System now owns 665,760 shares of the oil and gas producer’s stock valued at $9,367,000 after purchasing an additional 3,835 shares in the last quarter. Amalgamated Bank increased its holdings in shares of WPX Energy by 6.1% in the 4th quarter. Amalgamated Bank now owns 76,939 shares of the oil and gas producer’s stock valued at $1,083,000 after acquiring an additional 4,426 shares during the last quarter. Meadow Creek Investment Management LLC increased its holdings in shares of WPX Energy by 22.6% in the 4th quarter. Meadow Creek Investment Management LLC now owns 24,208 shares of the oil and gas producer’s stock valued at $341,000 after acquiring an additional 4,464 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of WPX Energy by 51.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,937 shares of the oil and gas producer’s stock valued at $295,000 after acquiring an additional 7,080 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in shares of WPX Energy in the 4th quarter valued at approximately $114,000. 99.74% of the stock is currently owned by 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.

Analyst Recommendations for WPX Energy (NYSE:WPX)

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