Trade Report: Today: WPX Energy Inc. (WPX) Upgrade at Deutsche Bank AG

Today: WPX Energy Inc. (WPX) Upgrade at Deutsche Bank AG

WPX Energy Inc. (NYSE:WPX) was upgraded by Deutsche Bank AG from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

WPX has been the subject of a number of other research reports. FBR & Co assumed coverage on shares of WPX Energy in a report on Tuesday, October 11th. They issued an “outperform” rating and a $16.00 target price for the company. Citigroup Inc. increased their target price on shares of WPX Energy from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, September 12th. Barclays PLC increased their target price on shares of WPX Energy from $7.50 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, September 1st. Wunderlich raised their price objective on shares of WPX Energy from $14.00 to $17.00 and gave the company a “buy” rating in a report on Monday, October 3rd. Finally, Susquehanna raised their price objective on shares of WPX Energy from $15.00 to $18.00 and gave the company a “positive” rating in a report on Friday, September 9th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $12.44.

Shares of WPX Energy (NYSE:WPX) traded down 1.58% on Monday, reaching $13.07. 4,210,895 shares of the company were exchanged. The company’s 50-day moving average price is $12.23 and its 200 day moving average price is $11.09. The company’s market cap is $4.50 billion. WPX Energy has a 12 month low of $2.53 and a 12 month high of $13.92.

WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, November 2nd. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.01. The firm earned $251 million during 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%. The business’s revenue for the quarter was down 38.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) earnings per share. On average, equities research analysts expect that WPX Energy will post ($0.81) EPS for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Daiwa Securities Group Inc. bought a new position in shares of WPX Energy during the second quarter valued at $1,164,000. Meeder Asset Management Inc. bought a new position in shares of WPX Energy during the second quarter valued at $462,000. Parkwood LLC bought a new position in shares of WPX Energy during the second quarter valued at $1,206,000. Oakbrook Investments LLC boosted its position in shares of WPX Energy by 31.0% in the second quarter. Oakbrook Investments LLC now owns 25,381 shares of the company’s stock valued at $236,000 after buying an additional 6,000 shares during the period. Finally, LS Investment Advisors LLC boosted its position in shares of WPX Energy by 106.4% in the second quarter. LS Investment Advisors LLC now owns 16,714 shares of the company’s stock valued at $156,000 after buying an additional 8,616 shares during the period. 95.44% of the stock is owned by institutional investors and hedge funds.

About WPX Energy

Related posts

Leave a Comment