WPX Energy Inc (NYSE:WPX) – Research analysts at Capital One Financial increased their Q4 2019 earnings per share estimates for shares of WPX Energy in a research report issued on Thursday, July 11th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings per share of $0.15 for the quarter, up from their prior estimate of $0.14.
WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. WPX Energy had a net margin of 9.50% and a return on equity of 2.15%. The company had revenue of $359.00 million during the quarter, compared to analysts’ expectations of $547.79 million. During the same period last year, the company posted ($0.06) EPS. WPX Energy’s revenue was down 4.0% on a year-over-year basis.
A number of other analysts have also weighed in on WPX. KeyCorp raised their price objective on shares of WPX Energy from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Northland Securities set a $55.00 price objective on shares of Heron Therapeutics and gave the company a “buy” rating in a research note on Tuesday, April 2nd. TheStreet upgraded shares of Exantas Capital from a “d+” rating to a “c” rating in a research note on Thursday, May 2nd. Zacks Investment Research lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Saturday, May 11th. Finally, MKM Partners raised their price objective on shares of Lululemon Athletica from $189.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $20.44.
Shares of NYSE WPX opened at $11.21 on Friday. The stock has a market cap of $4.69 billion, a PE ratio of 124.56, a P/E/G ratio of 0.98 and a beta of 2.30. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.64 and a current ratio of 0.70. WPX Energy has a 1 year low of $9.89 and a 1 year high of $20.80. The company’s 50-day simple moving average is $11.03.
Several hedge funds have recently made changes to their positions in WPX. Nisa Investment Advisors LLC lifted its holdings in WPX Energy by 64.4% during the second quarter. Nisa Investment Advisors LLC now owns 61,800 shares of the oil and gas producer’s stock valued at $711,000 after purchasing an additional 24,200 shares in the last quarter. Scout Investments Inc. purchased a new position in WPX Energy during the second quarter valued at approximately $4,377,000. Cleararc Capital Inc. purchased a new position in WPX Energy during the first quarter valued at approximately $133,000. Cerebellum GP LLC lifted its holdings in WPX Energy by 10.1% during the first quarter. Cerebellum GP LLC now owns 26,511 shares of the oil and gas producer’s stock valued at $348,000 after purchasing an additional 2,438 shares in the last quarter. Finally, Benefit Street Partners LLC lifted its holdings in WPX Energy by 556.8% during the first quarter. Benefit Street Partners LLC now owns 1,110,000 shares of the oil and gas producer’s stock valued at $14,552,000 after purchasing an additional 1,353,000 shares in the last quarter. Hedge funds and other institutional investors own 98.37% of the company’s stock.
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 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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