WPX Energy Inc (NYSE:WPX) Sees Significant Drop in Short Interest

WPX Energy Inc (NYSE:WPX) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 35,860,000 shares, a decrease of 13.1% from the January 15th total of 41,250,000 shares. Based on an average trading volume of 7,800,000 shares, the short-interest ratio is currently 4.6 days. Currently, 8.7% of the shares of the company are short sold.

In related news, Director Karl F. Kurz acquired 10,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was bought at an average price of $11.31 per share, for a total transaction of $113,100.00. Following the completion of the purchase, the director now directly owns 64,367 shares of the company’s stock, valued at approximately $727,990.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.59% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Lenox Wealth Management Inc. raised its holdings in WPX Energy by 2.8% during the fourth quarter. Lenox Wealth Management Inc. now owns 29,957 shares of the oil and gas producer’s stock worth $412,000 after purchasing an additional 813 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in WPX Energy by 1.1% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 78,350 shares of the oil and gas producer’s stock worth $1,077,000 after purchasing an additional 860 shares in the last quarter. ProShare Advisors LLC raised its holdings in WPX Energy by 2.9% during the fourth quarter. ProShare Advisors LLC now owns 56,812 shares of the oil and gas producer’s stock worth $781,000 after purchasing an additional 1,615 shares in the last quarter. California State Teachers Retirement System raised its holdings in WPX Energy by 0.3% during the third quarter. California State Teachers Retirement System now owns 668,436 shares of the oil and gas producer’s stock worth $7,079,000 after purchasing an additional 1,809 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in WPX Energy by 7.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,982 shares of the oil and gas producer’s stock worth $275,000 after purchasing an additional 1,873 shares in the last quarter. 98.36% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on the stock. Imperial Capital restated an “outperform” rating and issued a $17.00 price objective (up previously from $13.00) on shares of WPX Energy in a research note on Tuesday, December 17th. TheStreet cut shares of WPX Energy from a “b-” rating to a “c+” rating in a report on Friday, February 7th. SunTrust Banks raised shares of WPX Energy from a “hold” rating to a “buy” rating and upped their target price for the company from $12.00 to $18.00 in a report on Tuesday, January 21st. Evercore ISI reaffirmed a “buy” rating on shares of WPX Energy in a report on Monday, January 13th. Finally, BMO Capital Markets upped their target price on shares of WPX Energy from $11.00 to $15.00 and gave the company an “outperform” rating in a report on Monday, December 23rd. Two equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.43.

Shares of NYSE:WPX opened at $11.89 on Friday. The company has a 50-day simple moving average of $12.76 and a 200-day simple moving average of $11.08. WPX Energy has a one year low of $8.79 and a one year high of $15.32. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.83 and a current ratio of 0.88. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 6.87, a PEG ratio of 0.51 and a beta of 2.29.

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 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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