WPX Energy, Inc. (NYSE:WPX) – Equities researchers at Capital One Financial Corporation upped their FY2018 EPS estimates for WPX Energy in a research note issued to investors on Thursday. Capital One Financial Corporation analyst B. Velie now forecasts that the oil and gas producer will earn ($0.29) per share for the year, up from their prior estimate of ($0.53).
WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.02. The firm had revenue of $413 million during the quarter, compared to the consensus estimate of $301.78 million. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. The firm’s revenue for the quarter was up 199.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.28) earnings per share.
A number of other analysts have also weighed in on WPX. Stifel Nicolaus started coverage on shares of WPX Energy in a report on Wednesday, April 12th. They issued a “buy” rating and a $21.00 price target for the company. FBR & Co reissued a “buy” rating and issued a $19.00 price target on shares of WPX Energy in a report on Monday, April 17th. BMO Capital Markets reissued a “buy” rating and issued a $17.00 price target on shares of WPX Energy in a report on Monday, May 15th. Credit Suisse Group started coverage on shares of WPX Energy in a report on Thursday, June 1st. They issued an “outperform” rating and a $18.00 price target for the company. Finally, ValuEngine lowered shares of WPX Energy from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.95.
WPX Energy (NYSE WPX) traded up 1.808% during midday trading on Monday, reaching $10.415. The company’s stock had a trading volume of 2,505,720 shares. WPX Energy has a 52-week low of $8.39 and a 52-week high of $16.17. The firm has a 50-day moving average price of $9.80 and a 200 day moving average price of $11.89. The stock’s market capitalization is $4.15 billion.
Institutional investors have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. boosted its position in shares of WPX Energy by 32.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,890 shares of the oil and gas producer’s stock worth $159,000 after buying an additional 2,915 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of WPX Energy by 14.1% in the first quarter. Municipal Employees Retirement System of Michigan now owns 180,480 shares of the oil and gas producer’s stock worth $2,417,000 after buying an additional 22,290 shares in the last quarter. Utah Retirement Systems boosted its position in shares of WPX Energy by 15.7% in the first quarter. Utah Retirement Systems now owns 70,161 shares of the oil and gas producer’s stock worth $939,000 after buying an additional 9,500 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in shares of WPX Energy during the first quarter worth $199,000. Finally, Gagnon Advisors LLC boosted its position in shares of WPX Energy by 87.1% in the second quarter. Gagnon Advisors LLC now owns 368,416 shares of the oil and gas producer’s stock worth $3,559,000 after buying an additional 171,487 shares in the last quarter. 95.03% of the stock is currently owned by institutional investors.
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.
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