WPX Energy (WPX) Given a $18.00 Price Target by JPMorgan Chase & Co. Analysts

WPX Energy (NYSE:WPX) has been given a $18.00 price objective by stock analysts at JPMorgan Chase & Co. in a research note issued on Friday. The firm presently has a “buy” rating on the oil and gas producer’s stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 30.43% from the stock’s current price.

Other analysts have also issued research reports about the company. Seaport Global Securities set a $28.00 target price on WPX Energy and gave the stock a “buy” rating in a report on Wednesday, October 3rd. Zacks Investment Research raised WPX Energy from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Wednesday, October 3rd. Jefferies Financial Group started coverage on WPX Energy in a report on Friday, September 28th. They issued a “buy” rating and a $28.00 target price for the company. Scotiabank reissued a “buy” rating and issued a $26.00 target price on shares of WPX Energy in a report on Thursday, September 27th. Finally, ValuEngine raised WPX Energy from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Two research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $22.75.

NYSE:WPX traded up $0.58 during trading hours on Friday, reaching $13.80. 259,633 shares of the company traded hands, compared to its average volume of 5,946,306. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of -33.02 and a beta of 2.40. WPX Energy has a 1 year low of $12.22 and a 1 year high of $20.80. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 0.57.

WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, October 31st. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02). The company 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 firm’s quarterly revenue was up 233.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.10) EPS. As a group, equities research analysts predict that WPX Energy will post 0.17 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Three Peaks Capital Management LLC bought a new stake in shares of WPX Energy in the third quarter worth $2,632,000. Mobius Capital Management LLC grew its holdings in shares of WPX Energy by 31.1% in the third quarter. Mobius Capital Management LLC now owns 479,023 shares of the oil and gas producer’s stock worth $9,638,000 after acquiring an additional 113,595 shares during the period. Carillon Tower Advisers Inc. bought a new stake in shares of WPX Energy in the second quarter worth $22,708,000. Renaissance Technologies LLC grew its holdings in shares of WPX Energy by 321.1% in the second quarter. Renaissance Technologies LLC now owns 1,310,600 shares of the oil and gas producer’s stock worth $23,630,000 after acquiring an additional 999,400 shares during the period. Finally, Selz Capital LLC bought a new stake in shares of WPX Energy in the third quarter worth $28,079,000. 94.82% of the stock is 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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Analyst Recommendations for WPX Energy (NYSE:WPX)

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