Piper Jaffray reissued their buy rating on shares of WPX Energy (NYSE:WPX) in a research note published on Wednesday. The brokerage currently has a $18.00 target price on the oil and gas producer’s stock. Piper Jaffray also issued estimates for WPX Energy’s Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.10 EPS, Q1 2019 earnings at $0.18 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.18 EPS and Q4 2019 earnings at $0.23 EPS.
Several other research firms also recently commented on WPX. Citigroup set a $20.00 price objective on WPX Energy and gave the company a buy rating in a research note on Friday, March 9th. Johnson Rice started coverage on WPX Energy in a research note on Wednesday, March 21st. They set a buy rating and a $23.00 price objective for the company. TheStreet raised WPX Energy from a d+ rating to a c- rating in a research note on Thursday, March 1st. SunTrust Banks set a $22.00 price objective on WPX Energy and gave the company a buy rating in a research note on Monday, April 16th. Finally, Zacks Investment Research downgraded WPX Energy from a buy rating to a hold rating in a research note on Saturday, February 3rd. Four analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. WPX Energy presently has a consensus rating of Buy and an average target price of $18.45.
WPX opened at $16.68 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 0.66. The company has a market cap of $6,570.37, a price-to-earnings ratio of -39.71 and a beta of 2.29. WPX Energy has a 52 week low of $8.39 and a 52 week high of $16.95.
WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.06. The firm had revenue of $238.00 million during the quarter, compared to the consensus estimate of $410.78 million. WPX Energy had a negative return on equity of 3.83% and a negative net margin of 1.20%. The firm’s revenue was up 170.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.16) EPS. equities research analysts expect that WPX Energy will post 0.03 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in 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 during the period. 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 during the period. Stifel Financial Corp acquired a new stake in shares of WPX Energy in the 3rd quarter worth approximately $530,000. California Public Employees Retirement System grew its holdings in shares of WPX Energy by 1.3% in 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 acquiring an additional 11,700 shares during the period. Finally, Neuberger Berman Group LLC grew its holdings in shares of WPX Energy by 1.7% in 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 acquiring an additional 35,629 shares during the period. Institutional investors own 99.74% of the company’s stock.
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About WPX Energy
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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