WPX Energy Inc (WPX) Expected to Post FY2017 Earnings of ($0.49) Per Share

WPX Energy Inc (NYSE:WPX) – Equities researchers at Capital One Financial lifted their FY2017 earnings per share estimates for shares of WPX Energy in a research report issued on Tuesday. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings per share of ($0.49) for the year, up from their previous estimate of ($0.57). Capital One Financial also issued estimates for WPX Energy’s Q4 2017 earnings at ($0.09) EPS and FY2018 earnings at $0.15 EPS.

A number of other research analysts have also issued reports on WPX. Citigroup boosted their price objective on WPX Energy from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. Bank of America started coverage on WPX Energy in a research report on Monday, October 16th. They set a “buy” rating for the company. Stifel Nicolaus set a $19.00 price objective on WPX Energy and gave the company a “buy” rating in a research report on Thursday, October 26th. SunTrust Banks set a $14.00 price objective on WPX Energy and gave the company a “buy” rating in a research report on Wednesday, November 1st. Finally, BMO Capital Markets reiterated a “buy” rating and set a $16.00 price target on shares of WPX Energy in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. WPX Energy presently has an average rating of “Buy” and a consensus target price of $17.45.

WPX Energy (NYSE:WPX) opened at $12.98 on Thursday. WPX Energy has a 12-month low of $8.39 and a 12-month high of $16.09. The stock has a market capitalization of $5,170.00, a P/E ratio of -26.49, a P/E/G ratio of 8.60 and a beta of 2.48. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.02.

A number of hedge funds have recently made changes to their positions in WPX. Parametric Portfolio Associates LLC raised its stake in shares of WPX Energy by 0.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 476,430 shares of the oil and gas producer’s stock worth $4,602,000 after buying an additional 1,198 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of WPX Energy by 1.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 119,329 shares of the oil and gas producer’s stock worth $1,152,000 after buying an additional 1,717 shares in the last quarter. M&T Bank Corp raised its stake in shares of WPX Energy by 17.2% in the 2nd quarter. M&T Bank Corp now owns 22,451 shares of the oil and gas producer’s stock worth $217,000 after buying an additional 3,290 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of WPX Energy by 16.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 29,162 shares of the oil and gas producer’s stock worth $281,000 after buying an additional 4,129 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in shares of WPX Energy by 1.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 328,379 shares of the oil and gas producer’s stock worth $3,776,000 after buying an additional 4,791 shares in the last quarter. Institutional investors own 99.82% of the company’s stock.

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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.

Earnings History and Estimates for WPX Energy (NYSE:WPX)

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