Trade Report: Today, WPX Energy Inc. (WPX) PT Raised to $17.00

Today, WPX Energy Inc. (WPX) PT Raised to $17.00

WPX Energy Inc. (NYSE:WPX) had its target price upped by Wunderlich from $14.00 to $17.00 in a research report sent to investors on Monday morning. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on the stock. Robert W. Baird raised shares of WPX Energy from a neutral rating to an outperform rating and raised their target price for the company from $8.00 to $12.00 in a research note on Thursday, July 21st. Imperial Capital raised their target price on shares of WPX Energy from $11.00 to $13.00 and gave the company an outperform rating in a research note on Thursday, June 23rd. Goldman Sachs Group Inc. raised shares of WPX Energy from a neutral rating to a buy rating and raised their target price for the company from $10.50 to $14.75 in a research note on Wednesday, July 6th. Barclays PLC raised their target price on shares of WPX Energy from $5.00 to $6.00 and gave the company an underweight rating in a research note on Thursday, July 14th. Finally, Zacks Investment Research cut shares of WPX Energy from a buy rating to a hold rating in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $11.32.

WPX Energy (NYSE:WPX) opened at 13.33 on Monday. The company’s 50-day moving average is $12.43 and its 200 day moving average is $9.96. The firm’s market capitalization is $4.59 billion. WPX Energy has a 1-year low of $2.53 and a 1-year high of $13.92.

WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.21) by $0.07. The business had revenue of $138 million for the quarter, compared to the consensus estimate of $252.14 million. WPX Energy had a negative return on equity of 6.76% and a negative net margin of 142.42%. WPX Energy’s revenue was down 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.11) earnings per share. On average, equities analysts expect that WPX Energy will post ($0.81) EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. boosted its stake in WPX Energy by 13.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,589,684 shares of the company’s stock valued at $53,052,000 after buying an additional 917,948 shares during the period. BlackRock Group LTD boosted its stake in WPX Energy by 60.3% in the first quarter. BlackRock Group LTD now owns 316,752 shares of the company’s stock valued at $2,215,000 after buying an additional 119,209 shares during the period. Credit Agricole S A boosted its stake in WPX Energy by 87.8% in the first quarter. Credit Agricole S A now owns 70,927 shares of the company’s stock valued at $496,000 after buying an additional 33,159 shares during the period. Wellington Management Group LLP boosted its stake in WPX Energy by 28.4% in the first quarter. Wellington Management Group LLP now owns 10,163,567 shares of the company’s stock valued at $71,044,000 after buying an additional 2,248,105 shares during the period. Finally, M&T Bank Corp boosted its stake in WPX Energy by 7.4% in the first quarter. M&T Bank Corp now owns 16,040 shares of the company’s stock valued at $112,000 after buying an additional 1,105 shares during the period. Institutional investors own 93.91% of the company’s stock.

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