WPX Energy (WPX) Given a $18.00 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a $18.00 price target on WPX Energy (NYSE:WPX) in a research note issued to investors on Friday. The brokerage currently has a buy rating on the oil and gas producer’s stock.

A number of other research analysts have also recently commented on WPX. Zacks Investment Research downgraded WPX Energy from a buy rating to a hold rating in a research note on Monday, October 29th. Cowen initiated coverage on WPX Energy in a research note on Thursday, November 29th. They issued an outperform rating and a $19.00 price objective for the company. SunTrust Banks set a $25.00 price objective on WPX Energy and gave the company a buy rating in a research note on Tuesday, November 27th. ValuEngine downgraded WPX Energy from a buy rating to a hold rating in a research note on Wednesday, August 15th. Finally, Stephens initiated coverage on WPX Energy in a research note on Thursday. They issued an overweight rating and a $22.00 price objective for the company. Two research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. WPX Energy presently has a consensus rating of Buy and an average target price of $22.75.

WPX traded down $0.02 on Friday, hitting $13.20. 9,786,781 shares of the stock were exchanged, compared to its average volume of 6,076,843. WPX Energy has a 12 month low of $12.29 and a 12 month high of $20.80. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of -31.43 and a beta of 2.40.

WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, October 31st. The oil and gas producer reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The company had revenue of $484.00 million during the quarter, compared to the consensus estimate of $514.08 million. WPX Energy had a positive return on equity of 0.76% and a negative net margin of 15.79%. The firm’s revenue was up 233.8% compared to the same quarter last year. During the same period last year, the company posted ($0.10) EPS. Sell-side analysts anticipate that WPX Energy will post 0.17 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in WPX. Hartford Financial Management Inc. bought a new position in shares of WPX Energy in the 2nd quarter worth $108,000. Qube Research & Technologies Ltd bought a new position in shares of WPX Energy in the 2nd quarter worth $108,000. Advisors Asset Management Inc. bought a new position in shares of WPX Energy in the 3rd quarter worth $124,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of WPX Energy by 321.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,237 shares of the oil and gas producer’s stock worth $158,000 after purchasing an additional 6,281 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of WPX Energy in the 3rd quarter worth $159,000. 94.82% of the stock is owned by institutional investors.

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's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.

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Analyst Recommendations for WPX Energy (NYSE:WPX)

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