ValuEngine Reduced WPX Energy Inc (WPX) to Sell

ValuEngine Reduced WPX Energy Inc (WPX) to Sell

WPX Energy Inc (NYSE:WPX) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday.

A number of other research analysts also recently weighed in on the stock. Credit Suisse Group AG began coverage on shares of WPX Energy in a report on Thursday. They set an “outperform” rating and a $18.00 price target on the stock. BMO Capital Markets restated a “buy” rating and set a $17.00 price target on shares of WPX Energy in a report on Monday, May 15th. FBR & Co restated a “buy” rating and set a $19.00 price target on shares of WPX Energy in a report on Monday, April 17th. Stifel Nicolaus began coverage on shares of WPX Energy in a report on Wednesday, April 12th. They set a “buy” rating and a $21.00 price target on the stock. Finally, Seaport Global Securities upgraded shares of WPX Energy from a “neutral” rating to a “buy” rating in a report on Friday, March 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $16.20.

Shares of WPX Energy (NYSE WPX) remained flat at $11.00 during mid-day trading on Friday. The company’s stock had a trading volume of 8,600,074 shares. The company’s market capitalization is $4.37 billion. The stock’s 50 day moving average price is $12.01 and its 200-day moving average price is $13.21. WPX Energy has a one year low of $8.23 and a one year high of $16.17.

WPX Energy (NYSE:WPX) last released its quarterly earnings results on Wednesday, May 3rd. The oil and gas producer reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.02. The business had revenue of $461 million for the quarter, compared to the consensus estimate of $254.24 million. WPX Energy had a negative net margin of 178.46% and a negative return on equity of 7.94%. On average, equities research analysts forecast that WPX Energy will post ($0.55) earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of WPX. Vanguard Group Inc. raised its stake in WPX Energy by 20.4% in the first quarter. Vanguard Group Inc. now owns 33,141,235 shares of the oil and gas producer’s stock valued at $443,761,000 after buying an additional 5,610,066 shares in the last quarter. BlackRock Inc. raised its stake in WPX Energy by 13,729.5% in the first quarter. BlackRock Inc. now owns 32,202,448 shares of the oil and gas producer’s stock valued at $431,192,000 after buying an additional 31,969,595 shares in the last quarter. State Street Corp raised its stake in WPX Energy by 13.4% in the first quarter. State Street Corp now owns 13,419,044 shares of the oil and gas producer’s stock valued at $179,682,000 after buying an additional 1,586,531 shares in the last quarter. FMR LLC raised its stake in WPX Energy by 4.9% in the first quarter. FMR LLC now owns 10,146,141 shares of the oil and gas producer’s stock valued at $135,857,000 after buying an additional 476,820 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in WPX Energy by 36.8% in the first quarter. Jennison Associates LLC now owns 8,383,200 shares of the oil and gas producer’s stock valued at $112,251,000 after buying an additional 2,255,271 shares in the last quarter. Institutional investors own 82.08% of the company’s stock.

About WPX Energy

WPX Energy, Inc is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WPX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

To view ValuEngine’s full report, visit ValuEngine’s official website.

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