SunTrust Banks set a $22.00 price target on WPX Energy (NYSE:WPX) in a research report sent to investors on Monday. The firm currently has a buy rating on the oil and gas producer’s stock. SunTrust Banks also issued estimates for WPX Energy’s Q1 2018 earnings at ($0.02) EPS, Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.07 EPS, FY2018 earnings at $0.11 EPS, FY2019 earnings at $0.45 EPS and FY2020 earnings at $0.64 EPS.
WPX has been the topic of a number of other reports. Piper Jaffray upgraded shares of WPX Energy from a neutral rating to an overweight rating and set a $17.00 target price on the stock in a report on Wednesday, April 11th. Seaport Global Securities upgraded shares of WPX Energy from a sell rating to a neutral rating in a report on Tuesday, December 19th. Robert W. Baird upped their target price on shares of WPX Energy from $17.00 to $21.00 and gave the company an outperform rating in a report on Tuesday, February 6th. Zacks Investment Research upgraded shares of WPX Energy from a hold rating to a buy rating and set a $16.00 target price on the stock in a report on Sunday, January 21st. Finally, Cowen set a $18.00 target price on shares of WPX Energy and gave the company a buy rating in a report on Thursday, January 18th. Four research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $18.45.
NYSE:WPX opened at $16.52 on Monday. The stock has a market capitalization of $6,303.57, a price-to-earnings ratio of -39.33 and a beta of 2.29. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.71 and a current ratio of 0.76. WPX Energy has a 12-month low of $8.39 and a 12-month high of $16.95.
WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, February 21st. The oil and gas producer reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.06. The company had revenue of $238.00 million for the quarter, compared to analyst estimates of $410.78 million. WPX Energy had a negative net margin of 1.20% and a negative return on equity of 3.83%. The firm’s quarterly revenue was up 170.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.16) EPS. analysts forecast that WPX Energy will post 0.03 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of WPX. JPMorgan Chase & Co. increased its position in WPX Energy by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,374,526 shares of the oil and gas producer’s stock worth $15,779,000 after purchasing an additional 238,646 shares in the last quarter. Dimensional Fund Advisors LP increased its position in WPX Energy by 6.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,068,412 shares of the oil and gas producer’s stock worth $58,286,000 after purchasing an additional 308,368 shares in the last quarter. Stifel Financial Corp acquired a new stake in WPX Energy during the 3rd quarter worth approximately $530,000. California Public Employees Retirement System increased its position in WPX Energy by 1.3% during the 3rd quarter. California Public Employees Retirement System now owns 922,300 shares of the oil and gas producer’s stock worth $10,606,000 after purchasing an additional 11,700 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its position in WPX Energy by 1.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,168,398 shares of the oil and gas producer’s stock worth $24,937,000 after purchasing an additional 35,629 shares in the last quarter. 99.74% of the stock is owned by hedge funds and other institutional investors.
WPX Energy Company Profile
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's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.
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