WPX Energy Inc. (NYSE:WPX) had its price target boosted by Robert W. Baird from $14.00 to $15.00 in a research report released on Tuesday. Robert W. Baird currently has an outperform rating on the stock.
A number of other equities analysts have also recently issued reports on WPX. Barclays PLC upped their price target on shares of WPX Energy from $6.00 to $7.50 and gave the stock an underweight rating in a research note on Monday, August 8th. Zacks Investment Research cut shares of WPX Energy from a buy rating to a hold rating in a research note on Tuesday, August 9th. Citigroup Inc. upped their target price on shares of WPX Energy from $12.50 to $14.00 and gave the company a neutral rating in a research note on Tuesday, September 6th. BMO Capital Markets restated a hold rating and set a $13.00 target price on shares of WPX Energy in a research note on Wednesday, September 7th. Finally, Susquehanna upped their target price on shares of WPX Energy from $15.00 to $18.00 and gave the company a positive rating in a research note on Friday, September 9th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. WPX Energy has an average rating of Buy and an average target price of $12.44.
WPX Energy (NYSE:WPX) opened at 13.43 on Tuesday. The stock has a 50 day moving average of $12.27 and a 200-day moving average of $11.06. WPX Energy has a 52-week low of $2.53 and a 52-week high of $13.92. The company’s market capitalization is $4.63 billion.
WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.01. The company had revenue of $251 million for the quarter, compared to analysts’ expectations of $257.60 million. WPX Energy had a negative net margin of 178.46% and a negative return on equity of 7.94%. WPX Energy’s revenue was down 38.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) EPS. On average, equities research analysts anticipate that WPX Energy will post ($0.81) earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of WPX. Zurcher Kantonalbank Zurich Cantonalbank increased its position in WPX Energy by 15.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,590 shares of the company’s stock valued at $126,000 after buying an additional 1,298 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in WPX Energy during the second quarter valued at $100,000. Veritable L.P. increased its position in WPX Energy by 1.6% in the second quarter. Veritable L.P. now owns 10,755 shares of the company’s stock valued at $100,000 after buying an additional 168 shares during the last quarter. Cypress Capital Management LLC WY acquired a new position in WPX Energy during the second quarter valued at $104,000. Finally, Raymond James & Associates increased its position in WPX Energy by 22.9% in the second quarter. Raymond James & Associates now owns 12,440 shares of the company’s stock valued at $116,000 after buying an additional 2,320 shares during the last quarter. Institutional investors and hedge funds own 98.56% of the company’s stock.
WPX Energy Company Profile