Wall Street analysts expect WPX Energy Inc (NYSE:WPX) to post $637.45 million in sales for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for WPX Energy’s earnings, with the highest sales estimate coming in at $659.98 million and the lowest estimate coming in at $591.00 million. WPX Energy posted sales of $544.00 million in the same quarter last year, which suggests a positive year over year growth rate of 17.2%. The firm is scheduled to issue its next earnings report on Wednesday, February 19th.
According to Zacks, analysts expect that WPX Energy will report full-year sales of $2.47 billion for the current financial year, with estimates ranging from $2.41 billion to $2.51 billion. For the next year, analysts anticipate that the company will post sales of $2.62 billion, with estimates ranging from $2.40 billion to $2.78 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover WPX Energy.
WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, October 30th. The oil and gas producer reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). The business had revenue of $795.00 million during the quarter, compared to analyst estimates of $623.75 million. WPX Energy had a net margin of 25.50% and a return on equity of 2.39%. WPX Energy’s revenue for the quarter was up 64.3% on a year-over-year basis. During the same quarter last year, the business earned $0.07 earnings per share.
WPX has been the topic of several recent research reports. Guggenheim set a $18.00 price target on shares of WPX Energy and gave the company a “buy” rating in a research note on Wednesday, August 21st. Cfra restated a “buy” rating and set a $11.00 price objective on shares of WPX Energy in a research note on Wednesday, September 25th. Barclays set a $14.00 price objective on WPX Energy and gave the company a “buy” rating in a report on Friday, August 30th. ValuEngine raised WPX Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 30th. Finally, KeyCorp dropped their target price on WPX Energy from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $16.43.
A number of hedge funds and other institutional investors have recently made changes to their positions in WPX. Metropolitan Life Insurance Co NY lifted its position in shares of WPX Energy by 3.8% in the third quarter. Metropolitan Life Insurance Co NY now owns 117,798 shares of the oil and gas producer’s stock valued at $1,247,000 after buying an additional 4,314 shares during the last quarter. Millennium Management LLC raised its stake in WPX Energy by 11,233.8% in the 3rd quarter. Millennium Management LLC now owns 7,649,319 shares of the oil and gas producer’s stock valued at $81,006,000 after acquiring an additional 7,581,828 shares during the period. Man Group plc raised its stake in WPX Energy by 30.5% in the 3rd quarter. Man Group plc now owns 1,025,226 shares of the oil and gas producer’s stock valued at $10,857,000 after acquiring an additional 239,606 shares during the period. Maple Rock Capital Partners Inc. lifted its holdings in WPX Energy by 31.1% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 2,950,000 shares of the oil and gas producer’s stock valued at $31,241,000 after purchasing an additional 700,000 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its position in WPX Energy by 456.0% during the third quarter. Squarepoint Ops LLC now owns 867,959 shares of the oil and gas producer’s stock worth $9,192,000 after purchasing an additional 711,859 shares during the period. 98.27% of the stock is currently owned by hedge funds and other institutional investors.
WPX Energy stock traded up $0.44 during mid-day trading on Wednesday, reaching $10.51. The company’s stock had a trading volume of 8,676,024 shares, compared to its average volume of 7,856,608. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 116.78, a price-to-earnings-growth ratio of 1.02 and a beta of 2.21. WPX Energy has a 12 month low of $8.79 and a 12 month high of $15.32. The business’s 50 day simple moving average is $10.09 and its 200 day simple moving average is $10.52. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.83 and a current ratio of 0.88.
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 operates 657 wells and owns interests in 808 wells covering an area of approximately 130,000 net acres located in Delaware Basin, Texas and New Mexico; and operates 323 wells and owns interests in 87 wells that covers an area of approximately 85,087 net acres situated in the Williston Basin, North Dakota.
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