WPX Energy, Inc. (NYSE:WPX) was the target of unusually large options trading activity on Thursday. Traders bought 3,829 put options on the stock. This represents an increase of Infinity compared to the typical volume of 0 put options.
In other news, insider Clay M. Gaspar sold 35,000 shares of WPX Energy stock in a transaction on Friday, September 15th. The shares were sold at an average price of $10.48, for a total transaction of $366,800.00. Following the completion of the sale, the insider now directly owns 506,326 shares in the company, valued at $5,306,296.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Capital Advisors Inc. OK increased its stake in shares of WPX Energy by 2.0% during the second quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock worth $100,000 after purchasing an additional 200 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of WPX Energy during the second quarter worth about $113,000. Financial Counselors Inc. increased its stake in shares of WPX Energy by 9.0% during the second quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after purchasing an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of WPX Energy by 12.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock worth $134,000 after purchasing an additional 1,540 shares in the last quarter. Finally, BlueMountain Capital Management LLC increased its stake in shares of WPX Energy by 39.3% during the second quarter. BlueMountain Capital Management LLC now owns 14,532 shares of the oil and gas producer’s stock worth $140,000 after purchasing an additional 4,097 shares in the last quarter. 97.89% of the stock is owned by institutional investors and hedge funds.
WPX Energy (NYSE WPX) opened at $12.40 on Friday. WPX Energy has a 1 year low of $8.39 and a 1 year high of $16.17. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.57 and a current ratio of 1.02.
WPX Energy (NYSE:WPX) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $224.00 million during the quarter, compared to the consensus estimate of $334.38 million. WPX Energy had a negative net margin of 12.65% and a negative return on equity of 5.20%. The company’s revenue was down 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. analysts forecast that WPX Energy will post -0.51 EPS for the current fiscal year.
Several equities research analysts have recently commented on the stock. SunTrust Banks, Inc. set a $14.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a research note on Wednesday. Stifel Nicolaus set a $19.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a research note on Thursday, October 26th. Bank of America Corporation assumed coverage on shares of WPX Energy in a research note on Monday, October 16th. They set a “buy” rating for the company. Citigroup Inc. lifted their price objective on shares of WPX Energy from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, October 13th. Finally, Zacks Investment Research upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $15.29.
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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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