Industry News

WPX Energy (NYSE:WPX) Raised to “Hold” at ValuEngine

By August 30, 2019 No Comments

WPX Energy (NYSE:WPX) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Friday, ValuEngine reports.

Several other brokerages also recently issued reports on WPX. Cowen set a $14.00 price target on shares of WPX Energy and gave the company a “buy” rating in a report on Wednesday, August 21st. MKM Partners started coverage on shares of WPX Energy in a report on Thursday, June 13th. They set a “buy” rating and a $15.00 price target for the company. Piper Jaffray Companies set a $14.00 price target on shares of WPX Energy and gave the company a “buy” rating in a report on Friday, August 16th. Guggenheim set a $18.00 price target on shares of WPX Energy and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, TD Securities reduced their price target on shares of WPX Energy from $19.00 to $18.50 and set a “buy” rating for the company in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $18.76.

Shares of WPX opened at $10.89 on Friday. WPX Energy has a 1 year low of $8.79 and a 1 year high of $20.80. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 121.00, a price-to-earnings-growth ratio of 0.96 and a beta of 2.26. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.71 and a current ratio of 0.75. The firm has a fifty day moving average of $10.27 and a 200-day moving average of $11.85.

WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. WPX Energy had a net margin of 23.59% and a return on equity of 2.28%. The company had revenue of $695.00 million during the quarter, compared to the consensus estimate of $566.34 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 61.6% compared to the same quarter last year. Analysts predict that WPX Energy will post 0.38 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund raised its position in WPX Energy by 0.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 158,100 shares of the oil and gas producer’s stock worth $2,073,000 after acquiring an additional 928 shares in the last quarter. Parkside Investments LLC raised its position in WPX Energy by 3.8% in the first quarter. Parkside Investments LLC now owns 27,000 shares of the oil and gas producer’s stock worth $353,000 after acquiring an additional 1,000 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in WPX Energy by 1.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 73,070 shares of the oil and gas producer’s stock worth $841,000 after acquiring an additional 1,050 shares in the last quarter. AGF Investments America Inc. raised its position in WPX Energy by 1.9% in the second quarter. AGF Investments America Inc. now owns 58,143 shares of the oil and gas producer’s stock worth $669,000 after acquiring an additional 1,057 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC raised its position in WPX Energy by 7.3% in the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 17,178 shares of the oil and gas producer’s stock worth $198,000 after acquiring an additional 1,171 shares in the last quarter. 98.70% of the stock is owned by institutional investors and hedge funds.

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 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.

See Also: What is a back-end load?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for WPX Energy (NYSE:WPX)

Receive News & Ratings for WPX Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for WPX Energy and related companies with MarketBeat.com’s FREE daily email newsletter.



Source link