Prescott Group Capital Management L.L.C. Has $773,000 Stake in WPX Energy, Inc. (WPX)

Prescott Group Capital Management L.L.C. continued to hold its position in shares of WPX Energy, Inc. (NYSE:WPX) during the second quarter, Holdings Channel reports. The fund owned 80,000 shares of the oil and gas producer’s stock at the end of the second quarter. Prescott Group Capital Management L.L.C.’s holdings in WPX Energy were worth $773,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. M&T Bank Corp boosted its position in shares of WPX Energy by 5.0% in the first quarter. M&T Bank Corp now owns 19,161 shares of the oil and gas producer’s stock valued at $257,000 after buying an additional 912 shares during the period. AGF Investments America Inc. boosted its position in shares of WPX Energy by 2.1% in the first quarter. AGF Investments America Inc. now owns 45,642 shares of the oil and gas producer’s stock valued at $611,000 after buying an additional 934 shares during the period. Creative Planning boosted its position in shares of WPX Energy by 6.2% in the first quarter. Creative Planning now owns 19,124 shares of the oil and gas producer’s stock valued at $256,000 after buying an additional 1,108 shares during the period. Capstone Asset Management Co. boosted its position in shares of WPX Energy by 4.7% in the second quarter. Capstone Asset Management Co. now owns 31,000 shares of the oil and gas producer’s stock valued at $299,000 after buying an additional 1,400 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its position in shares of WPX Energy by 2.4% in the first quarter. Public Employees Retirement Association of Colorado now owns 64,756 shares of the oil and gas producer’s stock valued at $867,000 after buying an additional 1,500 shares during the period. 94.79% of the stock is owned by hedge funds and other institutional investors.

Shares of WPX Energy, Inc. (WPX) traded up 1.60% during mid-day trading on Monday, hitting $10.16. 558,732 shares of the stock traded hands. The firm’s 50 day moving average price is $9.78 and its 200 day moving average price is $12.12. The firm’s market cap is $4.04 billion. WPX Energy, Inc. has a 12-month low of $8.39 and a 12-month high of $16.17.

WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, May 3rd. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.02. The business had revenue of $461 million during the quarter, compared to the consensus estimate of $254.24 million. WPX Energy had a negative net margin of 52.99% and a negative return on equity of 7.13%. On average, equities research analysts predict that WPX Energy, Inc. will post ($0.59) EPS for the current fiscal year.

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Several brokerages recently issued reports on WPX. Wolfe Research began coverage on shares of WPX Energy in a report on Thursday, June 15th. They set an “outperform” rating and a $13.50 target price for the company. Scotiabank reaffirmed a “buy” rating and issued a $20.00 price objective on shares of WPX Energy in a report on Tuesday, June 13th. Cowen and Company raised shares of WPX Energy from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $15.00 to $14.00 in a report on Thursday, June 22nd. Seaport Global Securities cut shares of WPX Energy from a “buy” rating to a “sell” rating and cut their price objective for the company from $17.00 to $6.50 in a report on Wednesday, June 21st. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $17.00 price objective on shares of WPX Energy in a report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $15.86.

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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Institutional Ownership by Quarter for WPX Energy (NYSE:WPX)

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