Shares of WPX Energy Inc (NYSE:WPX) traded down 6.6% during mid-day trading on Friday . The stock traded as low as $12.28 and last traded at $12.31. 8,008,730 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 7,264,090 shares. The stock had previously closed at $13.18.
A number of equities research analysts recently issued reports on WPX shares. Barclays set a $18.00 price target on shares of WPX Energy and gave the company a “buy” rating in a research note on Thursday, February 28th. Northland Securities restated a “buy” rating and issued a $20.00 price target on shares of WPX Energy in a report on Tuesday, February 26th. TheStreet upgraded shares of WPX Energy from a “c” rating to a “b-” rating in a report on Thursday, February 21st. TD Securities lowered their price target on shares of WPX Energy from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, February 22nd. Finally, Mizuho restated a “hold” rating and issued a $14.00 price target on shares of WPX Energy in a report on Thursday, February 21st. Four equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. WPX Energy presently has an average rating of “Buy” and an average target price of $20.85.
The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.58. The stock has a market cap of $5.18 billion, a P/E ratio of 136.78 and a beta of 2.30.
A number of institutional investors and hedge funds have recently bought and sold shares of WPX. Phocas Financial Corp. purchased a new position in WPX Energy during the 4th quarter worth approximately $31,000. Highwater Wealth Management LLC purchased a new position in WPX Energy during the 4th quarter worth approximately $32,000. IFP Advisors Inc raised its position in WPX Energy by 309.0% during the 4th quarter. IFP Advisors Inc now owns 4,687 shares of the oil and gas producer’s stock worth $52,000 after buying an additional 3,541 shares during the last quarter. Berman Capital Advisors LLC purchased a new position in WPX Energy during the 4th quarter worth approximately $60,000. Finally, Hartford Financial Management Inc. raised its position in WPX Energy by 13.3% during the 4th quarter. Hartford Financial Management Inc. now owns 6,800 shares of the oil and gas producer’s stock worth $77,000 after buying an additional 800 shares during the last quarter. 96.58% of the stock is owned by institutional investors.
About WPX Energy (NYSE:WPX)
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.
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