WPX Energy (WPX) Lowered to “Hold” at ValuEngine

ValuEngine cut shares of WPX Energy (NYSE:WPX) from a buy rating to a hold rating in a report issued on Monday.

A number of other brokerages have also recently issued reports on WPX. BMO Capital Markets reissued a buy rating and issued a $25.00 price objective on shares of WPX Energy in a research note on Thursday, October 11th. US Capital Advisors initiated coverage on shares of WPX Energy in a research note on Monday, July 2nd. They set a buy rating on the stock. Stifel Nicolaus reaffirmed a buy rating and set a $26.00 target price on shares of WPX Energy in a research note on Thursday, August 30th. Piper Jaffray Companies reaffirmed a buy rating and set a $22.00 target price on shares of WPX Energy in a research note on Thursday, August 30th. Finally, Northland Securities set a $26.00 target price on shares of WPX Energy and gave the stock a buy rating in a research note on Friday, August 3rd. Three investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $23.00.

NYSE WPX opened at $15.39 on Monday. The company has a market capitalization of $6.85 billion, a PE ratio of -36.64 and a beta of 2.33. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.58 and a quick ratio of 0.55. WPX Energy has a 1-year low of $10.77 and a 1-year high of $20.80.



WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $430.00 million for the quarter, compared to analysts’ expectations of $432.92 million. WPX Energy had a negative net margin of 30.02% and a negative return on equity of 0.97%. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. On average, sell-side analysts anticipate that WPX Energy will post 0.21 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Wealth Management LLC acquired a new position in WPX Energy in the second quarter valued at $206,000. Qube Research & Technologies Ltd acquired a new position in WPX Energy in the second quarter valued at $108,000. Hartford Financial Management Inc. acquired a new position in WPX Energy in the second quarter valued at $108,000. SeaBridge Investment Advisors LLC acquired a new position in WPX Energy in the second quarter valued at $177,000. Finally, Usca Ria LLC acquired a new position in WPX Energy in the second quarter valued at $186,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

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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