WPX Energy Inc (NYSE:WPX) has been assigned a consensus recommendation of “Buy” from the twenty-four analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $18.25.

A number of brokerages have weighed in on WPX. Piper Jaffray Companies set a $14.00 price target on shares of WPX Energy and gave the company a “buy” rating in a research report on Friday, August 16th. MKM Partners began coverage on shares of WPX Energy in a research report on Thursday, June 13th. They set a “buy” rating and a $15.00 price target on the stock. Williams Capital reaffirmed a “buy” rating and set a $18.00 price target on shares of WPX Energy in a research report on Tuesday, August 6th. Imperial Capital lifted their price target on shares of WPX Energy from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Barclays set a $14.00 price target on shares of WPX Energy and gave the company a “buy” rating in a research report on Friday, August 30th.

Several hedge funds and other institutional investors have recently bought and sold shares of WPX. Toronto Dominion Bank bought a new stake in shares of WPX Energy in the second quarter worth $794,000. Treasurer of the State of North Carolina increased its stake in shares of WPX Energy by 5.3% in the second quarter. Treasurer of the State of North Carolina now owns 206,349 shares of the oil and gas producer’s stock worth $2,375,000 after buying an additional 10,470 shares during the last quarter. BlackRock Inc. increased its stake in shares of WPX Energy by 1.2% in the second quarter. BlackRock Inc. now owns 35,615,086 shares of the oil and gas producer’s stock worth $409,929,000 after buying an additional 417,423 shares during the last quarter. Phocas Financial Corp. bought a new stake in shares of WPX Energy in the second quarter worth $31,000. Finally, TCTC Holdings LLC increased its stake in WPX Energy by 8.3% during the second quarter. TCTC Holdings LLC now owns 334,355 shares of the oil and gas producer’s stock valued at $3,849,000 after purchasing an additional 25,766 shares during the last quarter. 97.80% of the stock is currently owned by institutional investors and hedge funds.

WPX stock traded down $0.16 during midday trading on Friday, reaching $10.83. 11,924,647 shares of the company’s stock traded hands, compared to its average volume of 7,882,604. The company has a market capitalization of $4.66 billion, a P/E ratio of 120.33, a PEG ratio of 1.03 and a beta of 2.13. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.75 and a quick ratio of 0.71. WPX Energy has a fifty-two week low of $8.79 and a fifty-two week high of $20.80. The business has a 50-day moving average price of $10.31 and a two-hundred day moving average price of $11.71.

WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $695.00 million for the quarter, compared to analysts’ expectations of $566.34 million. WPX Energy had a net margin of 23.59% and a return on equity of 2.28%. WPX Energy’s revenue was up 61.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 earnings per share. As a group, research analysts forecast that WPX Energy will post 0.38 earnings per share for the current fiscal year.

About WPX Energy

WPX Energy, Inc, an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company operates 657 wells and owns interests in 808 wells covering an area of approximately 130,000 net acres located in Delaware Basin, Texas and New Mexico; and operates 323 wells and owns interests in 87 wells that covers an area of approximately 85,087 net acres situated in the Williston Basin, North Dakota.

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Analyst Recommendations for WPX Energy (NYSE:WPX)

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