WPX Energy (WPX) Trading Down 6.6%

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WPX Energy Inc (NYSE:WPX) shares traded down 6.6% on Friday . The company traded as low as $12.28 and last traded at $12.31. 8,008,730 shares were traded during trading, an increase of 10% from the average session volume of 7,264,090 shares. The stock had previously closed at $13.18.

A number of research analysts have recently weighed in on the company. Cowen assumed coverage on WPX Energy in a report on Thursday, November 29th. They set an “outperform” rating and a $19.00 price target on the stock. Stephens assumed coverage on WPX Energy in a report on Thursday, December 6th. They set an “overweight” rating and a $22.00 price target on the stock. JPMorgan Chase & Co. set a $18.00 price target on WPX Energy and gave the company a “buy” rating in a report on Friday, December 7th. SunTrust Banks set a $25.00 price target on WPX Energy and gave the company a “buy” rating in a report on Tuesday, November 27th. Finally, Williams Capital restated a “buy” rating and issued a $21.00 target price on shares of WPX Energy in a research note on Thursday, February 21st. Four equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. WPX Energy has a consensus rating of “Buy” and an average target price of $20.85.

The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 136.78 and a beta of 2.30.

WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, February 20th. The oil and gas producer reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). WPX Energy had a return on equity of 1.09% and a net margin of 6.54%. The business had revenue of $554.00 million for the quarter, compared to analyst estimates of $550.84 million. During the same period in the prior year, the firm posted ($0.02) EPS. WPX Energy’s revenue for the quarter was up 55.6% on a year-over-year basis. Equities research analysts anticipate that WPX Energy Inc will post 0.29 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Phocas Financial Corp. acquired a new position in WPX Energy in the 4th quarter valued at approximately $31,000. Highwater Wealth Management LLC acquired a new position in WPX Energy in the 4th quarter valued at approximately $32,000. IFP Advisors Inc raised its holdings in WPX Energy by 309.0% in the 4th quarter. IFP Advisors Inc now owns 4,687 shares of the oil and gas producer’s stock valued at $52,000 after acquiring an additional 3,541 shares in the last quarter. Berman Capital Advisors LLC acquired a new position in WPX Energy in the 4th quarter valued at approximately $60,000. Finally, Hartford Financial Management Inc. raised its holdings in WPX Energy by 13.3% in the 4th quarter. Hartford Financial Management Inc. now owns 6,800 shares of the oil and gas producer’s stock valued at $77,000 after acquiring an additional 800 shares in the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

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About WPX Energy (NYSE:WPX)

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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