Deutsche Bank AG upgraded shares of WPX Energy Inc. (NYSE:WPX) from a hold rating to a buy rating in a report issued on Monday morning. The firm currently has $17.00 price objective on the stock, up from their prior price objective of $15.00.
Several other equities analysts have also weighed in on the company. Barclays PLC raised their target price on WPX Energy from $7.50 to $9.00 and gave the company an underweight rating in a report on Thursday, September 1st. Zacks Investment Research lowered WPX Energy from a buy rating to a hold rating in a report on Tuesday, August 9th. Citigroup Inc. raised their price target on WPX Energy from $14.00 to $15.00 and gave the company a neutral rating in a research report on Monday, September 12th. Wunderlich raised their price target on WPX Energy from $14.00 to $17.00 and gave the company a buy rating in a research report on Monday, October 3rd. Finally, Evercore ISI raised WPX Energy from a hold rating to a buy rating and raised their price target for the company from $14.00 to $16.00 in a research report on Friday, October 14th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $12.67.
Shares of WPX Energy (NYSE:WPX) opened at 12.75 on Monday. WPX Energy has a 12 month low of $2.53 and a 12 month high of $13.92. The stock’s 50 day moving average price is $12.23 and its 200-day moving average price is $11.16. The firm’s market capitalization is $4.39 billion.
WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, November 2nd. The company reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.01. WPX Energy had a negative return on equity of 7.94% and a negative net margin of 178.46%. The company had revenue of $251 million for the quarter, compared to analyst estimates of $257.60 million. During the same period last year, the company earned ($0.04) earnings per share. The business’s revenue was down 38.3% compared to the same quarter last year. On average, equities analysts anticipate that WPX Energy will post ($0.81) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jennison Associates LLC boosted its position in WPX Energy by 27.2% in the third quarter. Jennison Associates LLC now owns 4,943,647 shares of the company’s stock valued at $65,207,000 after buying an additional 1,055,630 shares during the period. Emerald Acquisition Ltd. bought a new position in WPX Energy during the second quarter valued at $5,213,000. TradeLink Capital LLC bought a new position in WPX Energy during the second quarter valued at $141,000. Dynamic Technology Lab Private Ltd bought a new position in WPX Energy during the second quarter valued at $143,000. Finally, A.R.T. Advisors LLC bought a new position in WPX Energy during the first quarter valued at $1,263,000. Institutional investors own 95.44% of the company’s stock.
WPX Energy Company Profile