National Alliance Securities upgraded shares of WPX Energy (NYSE:WPX) from a hold rating to a buy rating in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage currently has $15.00 target price on the oil and gas producer’s stock.
A number of other research firms have also issued reports on WPX. Citigroup set a $20.00 price target on WPX Energy and gave the company a buy rating in a research report on Friday, March 9th. Johnson Rice assumed coverage on WPX Energy in a research report on Wednesday, March 21st. They issued a buy rating and a $23.00 price target on the stock. TheStreet raised WPX Energy from a d+ rating to a c- rating in a research report on Thursday, March 1st. Zacks Investment Research lowered WPX Energy from a buy rating to a hold rating in a research report on Saturday, February 3rd. Finally, Goldman Sachs raised WPX Energy from a buy rating to a conviction-buy rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $18.34.
WPX opened at $14.53 on Monday. WPX Energy has a 12-month low of $8.39 and a 12-month high of $16.09. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 0.66. The stock has a market cap of $5,224.44, a P/E ratio of -34.60 and a beta of 2.29.
Hedge funds and other institutional investors have recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of WPX Energy during the 4th quarter worth about $114,000. Cerebellum GP LLC acquired a new stake in shares of WPX Energy during the 4th quarter worth about $130,000. Avestar Capital LLC acquired a new stake in shares of WPX Energy during the 4th quarter worth about $131,000. Capital Fund Management S.A. acquired a new stake in shares of WPX Energy during the 4th quarter worth about $173,000. Finally, FDx Advisors Inc. acquired a new stake in shares of WPX Energy during the 4th quarter worth about $227,000. 99.51% of the stock is currently owned by institutional investors and hedge funds.
WPX Energy Company Profile
WPX Energy, Inc is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States.
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