WPX Energy (NYSE:WPX)‘s stock had its “buy” rating restated by research analysts at Williams Capital in a research note issued on Monday, February 4th. They currently have a $21.00 target price on the oil and gas producer’s stock. Williams Capital’s price target would indicate a potential upside of 67.46% from the company’s current price.
The analysts wrote, “We believe the revised 2019 outlook and asset sales address investor concerns, which have driven the recent underperformance. WPX remains a Top Pick for its core Delaware Basin posion, premier execuon, signiﬁcant midstream oponality and a racve relave valuaon.””
Several other equities analysts also recently commented on the stock. B. Riley set a $13.00 price objective on shares of WPX Energy and gave the company a “buy wpx” rating in a report on Monday, December 24th. Zacks Investment Research downgraded shares of WPX Energy from a “buy” rating to a “hold” rating in a report on Monday, October 29th. TD Securities decreased their price objective on shares of WPX Energy from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. Cowen initiated coverage on shares of WPX Energy in a report on Thursday, November 29th. They issued an “outperform” rating and a $19.00 price objective on the stock. Finally, KeyCorp initiated coverage on shares of WPX Energy in a report on Thursday, December 20th. They issued an “overweight” rating and a $16.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $20.90.
Shares of WPX stock traded up $0.20 during trading on Monday, reaching $12.54. The company’s stock had a trading volume of 6,557,007 shares, compared to its average volume of 7,738,476. The company has a quick ratio of 0.47, a current ratio of 1.03 and a debt-to-equity ratio of 0.58. The firm has a market cap of $5.40 billion, a PE ratio of 139.33, a P/E/G ratio of 0.97 and a beta of 2.23. WPX Energy has a one year low of $9.89 and a one year high of $20.80.
WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, February 20th. The oil and gas producer reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.03). The business had revenue of $554.00 million during the quarter, compared to the consensus estimate of $550.84 million. WPX Energy had a return on equity of 1.09% and a net margin of 6.54%. The business’s revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) EPS. On average, equities analysts predict that WPX Energy will post 0.26 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Partners Capital Management LLC lifted its holdings in shares of WPX Energy by 57.4% in the fourth quarter. Financial Partners Capital Management LLC now owns 40,913 shares of the oil and gas producer’s stock worth $464,000 after acquiring an additional 14,917 shares during the last quarter. Penn Capital Management Co. Inc. lifted its holdings in shares of WPX Energy by 33.9% in the fourth quarter. Penn Capital Management Co. Inc. now owns 683,206 shares of the oil and gas producer’s stock worth $9,131,000 after acquiring an additional 173,047 shares during the last quarter. PFG Advisors bought a new position in shares of WPX Energy in the fourth quarter worth about $135,000. Public Employees Retirement System of Ohio lifted its holdings in shares of WPX Energy by 1.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 409,788 shares of the oil and gas producer’s stock worth $4,651,000 after acquiring an additional 6,272 shares during the last quarter. Finally, CI Investments Inc. bought a new position in shares of WPX Energy in the fourth quarter worth about $704,000. 95.53% of the stock is owned by institutional investors and hedge funds.
About WPX Energy
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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