Plains Exploration & Production Company (NYSE: PXP) issued its quarterly earnings data on Thursday. The company reported $0.41 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.48 by $0.07. The company had revenue of $869.20 million for the quarter, compared to the consensus estimate of $774.64 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 68.0% on a year-over-year basis.
A number of analysts have recently weighed in on PXP shares. Analysts at Susquehanna downgraded shares of Plains Exploration & Production Company from a “positive” rating to a “neutral” rating in a research note to investors on Monday, January 14th. They now have a $48.00 price target on the stock. On a related note, analysts at Howard Weil downgraded shares of Plains Exploration & Production Company from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, January 7th. They now have a $50.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Plains Exploration & Production Company in a research note to investors on Tuesday, December 18th. They now have a $48.00 price target on the stock.
Plains Exploration & Production Company (PXP) traded up 0.40% on Thursday, hitting $45.73. Plains Exploration & Production Company (PXP) has a 1-year low of $30.12 and a 1-year high of $48.47. The stock’s 50-day moving average is currently $47.52. The company has a market cap of $5.899 billion and a price-to-earnings ratio of 32.77.
Plains Exploration & Production Company (PXP) is an independent energy company engaged in the upstream oil and gas business.
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