ValuEngine Upgrades WPX Energy (WPX) to Buy

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WPX Energy (NYSE:WPX) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

WPX has been the topic of several other reports. TD Securities started coverage on shares of WPX Energy in a research report on Thursday, July 5th. They set a “buy” rating and a $25.00 price target on the stock. Raymond James raised shares of WPX Energy from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research report on Monday, August 6th. Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Thursday, July 26th. KLR Group reaffirmed a “buy” rating and set a $27.00 price target on shares of WPX Energy in a research report on Monday, August 20th. Finally, Seaport Global Securities raised shares of WPX Energy from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Wednesday, May 23rd. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $22.04.

Shares of WPX opened at $18.04 on Tuesday. WPX Energy has a 12 month low of $9.45 and a 12 month high of $19.78. The firm has a market cap of $8.01 billion, a P/E ratio of -43.17 and a beta of 2.33. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 0.58.

WPX Energy (NYSE:WPX) last announced its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. WPX Energy had a negative net margin of 30.02% and a negative return on equity of 0.97%. The business had revenue of $430.00 million during the quarter, compared to analysts’ expectations of $432.92 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The firm’s revenue was up 22.9% on a year-over-year basis. equities research analysts predict that WPX Energy will post 0.22 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of WPX. Hartford Financial Management Inc. bought a new position in shares of WPX Energy in the second quarter valued at about $108,000. Qube Research & Technologies Ltd bought a new position in shares of WPX Energy in the second quarter valued at about $108,000. Bayesian Capital Management LP bought a new position in shares of WPX Energy in the first quarter valued at about $171,000. SeaBridge Investment Advisors LLC bought a new position in shares of WPX Energy in the second quarter valued at about $177,000. Finally, Usca Ria LLC bought a new position in shares of WPX Energy in the second quarter valued at about $186,000. 93.76% of the stock is currently owned by institutional investors.

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

Analyst Recommendations for WPX Energy (NYSE:WPX)

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