FY2018 Earnings Forecast for WPX Energy Inc Issued By Seaport Global Securities (WPX)

WPX Energy Inc (NYSE:WPX) – Seaport Global Securities raised their FY2018 earnings per share (EPS) estimates for shares of WPX Energy in a note issued to investors on Thursday, November 1st. Seaport Global Securities analyst M. Kelly now expects that the oil and gas producer will post earnings per share of $0.14 for the year, up from their prior forecast of $0.11. Seaport Global Securities currently has a “Buy” rating and a $28.00 target price on the stock. Seaport Global Securities also issued estimates for WPX Energy’s Q1 2019 earnings at $0.17 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.19 EPS and FY2019 earnings at $0.72 EPS.

WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, October 31st. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The business had revenue of $484.00 million for the quarter, compared to analysts’ expectations of $514.08 million. WPX Energy had a negative net margin of 15.79% and a positive return on equity of 0.76%. The company’s revenue was up 233.8% on a year-over-year basis. During the same period last year, the business earned ($0.10) earnings per share.

A number of other equities analysts also recently issued reports on WPX. Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Thursday, July 26th. Robert W. Baird reaffirmed a “buy” rating and set a $25.00 price target on shares of WPX Energy in a report on Wednesday, August 1st. Bank of America boosted their target price on shares of WPX Energy from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Goldman Sachs Group downgraded shares of WPX Energy from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a report on Friday, August 3rd. Finally, Northland Securities set a $26.00 price target on shares of WPX Energy and gave the stock a “buy” rating in a research report on Friday, August 3rd. Three investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $22.96.

Shares of WPX stock opened at $16.05 on Monday. WPX Energy has a 52 week low of $11.58 and a 52 week high of $20.80. The company has a market capitalization of $6.74 billion, a PE ratio of -38.21 and a beta of 2.34. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.51 and a quick ratio of 0.55.

A number of institutional investors have recently bought and sold shares of WPX. Hartford Financial Management Inc. acquired a new stake in WPX Energy in the second quarter valued at $108,000. Qube Research & Technologies Ltd purchased a new position in WPX Energy during the second quarter worth about $108,000. Meeder Asset Management Inc. purchased a new position in WPX Energy during the third quarter worth about $159,000. SeaBridge Investment Advisors LLC purchased a new position in WPX Energy during the second quarter worth about $177,000. Finally, Usca Ria LLC purchased a new position in shares of WPX Energy in the 2nd quarter worth about $186,000. 93.91% of the stock is currently owned by 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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Earnings History and Estimates for WPX Energy (NYSE:WPX)

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