WPX Energy, Inc. (NYSE:WPX) – Equities researchers at SunTrust Banks upped their FY2017 earnings estimates for WPX Energy in a report released on Wednesday. SunTrust Banks analyst N. Dingmann now expects that the oil and gas producer will earn ($0.53) per share for the year, up from their previous forecast of ($0.54). SunTrust Banks has a “Buy” rating and a $14.00 price objective on the stock. SunTrust Banks also issued estimates for WPX Energy’s Q4 2017 earnings at ($0.10) EPS, FY2018 earnings at $0.01 EPS, FY2019 earnings at ($0.16) EPS and FY2020 earnings at ($0.20) EPS.
WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The company had revenue of $224.00 million for the quarter, compared to analysts’ expectations of $334.38 million. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. The firm’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same period last year, the business posted ($0.17) earnings per share.
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Other equities analysts have also recently issued research reports about the company. ValuEngine cut WPX Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. BidaskClub lowered WPX Energy from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Piper Jaffray Companies reduced their price target on WPX Energy from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, September 18th. BMO Capital Markets set a $13.00 target price on WPX Energy and gave the stock a “buy” rating in a report on Monday, August 28th. Finally, Bank of America Corporation started coverage on WPX Energy in a report on Monday, October 16th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $15.29.
WPX Energy (WPX) opened at $12.40 on Monday. WPX Energy has a fifty-two week low of $8.39 and a fifty-two week high of $16.17. The company has a quick ratio of 0.57, a current ratio of 1.02 and a debt-to-equity ratio of 0.73.
Several large investors have recently made changes to their positions in the company. Capital Advisors Inc. OK increased its position in WPX Energy by 2.0% in the 2nd quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock valued at $100,000 after buying an additional 200 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in WPX Energy during the 2nd quarter worth approximately $113,000. Financial Counselors Inc. grew its holdings in shares of WPX Energy by 9.0% in the second quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock valued at $117,000 after acquiring an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of WPX Energy by 12.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock valued at $134,000 after acquiring an additional 1,540 shares in the last quarter. Finally, BlueMountain Capital Management LLC grew its holdings in shares of WPX Energy by 39.3% in the second quarter. BlueMountain Capital Management LLC now owns 14,532 shares of the oil and gas producer’s stock valued at $140,000 after acquiring an additional 4,097 shares in the last quarter. 97.89% of the stock is currently owned by institutional investors.
In related news, insider Clay M. Gaspar sold 35,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $10.48, for a total transaction of $366,800.00. Following the sale, the insider now owns 506,326 shares of the company’s stock, valued at approximately $5,306,296.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.40% of the company’s stock.
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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