WPX Energy Inc (WPX) Short Interest Up 14.9% in January

WPX Energy Inc (NYSE:WPX) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 25,677,884 shares, a growth of 14.9% from the January 12th total of 22,339,765 shares. Based on an average trading volume of 5,993,487 shares, the short-interest ratio is currently 4.3 days. Approximately 6.6% of the shares of the company are sold short.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. purchased a new position in WPX Energy during the fourth quarter valued at $114,000. Cerebellum GP LLC purchased a new position in WPX Energy during the fourth quarter valued at $130,000. Avestar Capital LLC purchased a new position in WPX Energy during the fourth quarter valued at $131,000. Commonwealth Equity Services Inc purchased a new position in WPX Energy during the third quarter valued at $137,000. Finally, CIBC Asset Management Inc purchased a new position in WPX Energy during the third quarter valued at $159,000. 99.89% of the stock is owned by institutional investors.

Several research firms have weighed in on WPX. Stifel Nicolaus set a $24.00 price target on shares of WPX Energy and gave the stock a “buy” rating in a research report on Monday, January 29th. Deutsche Bank began coverage on shares of WPX Energy in a research report on Thursday, February 1st. They issued a “buy” rating and a $19.00 price target on the stock. Zacks Investment Research upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Sunday, January 21st. Goldman Sachs Group upgraded shares of WPX Energy from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, February 1st. Finally, Robert W. Baird increased their price target on shares of WPX Energy from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.45.

Shares of WPX Energy (WPX) traded up $0.65 during midday trading on Wednesday, hitting $13.86. 8,934,042 shares of the stock were exchanged, compared to its average volume of 6,497,153. The stock has a market capitalization of $5,355.21, a PE ratio of -28.49, a PEG ratio of 12.14 and a beta of 2.48. WPX Energy has a 1 year low of $8.39 and a 1 year high of $16.09. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73.

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WPX Energy Company Profile

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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