Brokerages Expect WPX Energy Inc (WPX) to Announce $0.09 EPS

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Equities analysts expect that WPX Energy Inc (NYSE:WPX) will report earnings of $0.09 per share for the current quarter, Zacks reports. Thirteen analysts have made estimates for WPX Energy’s earnings, with estimates ranging from $0.04 to $0.15. WPX Energy reported earnings of $0.06 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 50%. The firm is expected to report its next quarterly earnings report on Wednesday, August 7th.

On average, analysts expect that WPX Energy will report full year earnings of $0.43 per share for the current fiscal year, with EPS estimates ranging from $0.19 to $0.70. For the next fiscal year, analysts forecast that the business will post earnings of $0.91 per share, with EPS estimates ranging from $0.29 to $3.33. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover WPX Energy.

WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. WPX Energy had a net margin of 9.50% and a return on equity of 2.15%. The company had revenue of $359.00 million during the quarter, compared to analysts’ expectations of $547.79 million. During the same period last year, the company posted ($0.06) EPS. WPX Energy’s revenue was down 4.0% on a year-over-year basis.

A number of research firms have recently commented on WPX. Mizuho restated a “hold” rating and issued a $14.00 price target on shares of WPX Energy in a report on Thursday, February 21st. ValuEngine cut shares of WPX Energy from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. Zacks Investment Research upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Saturday, May 11th. TD Securities cut their price target on shares of WPX Energy from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, February 22nd. Finally, Northland Securities restated a “buy” rating and issued a $20.00 price target on shares of WPX Energy in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. WPX Energy has an average rating of “Buy” and an average price target of $20.66.

NYSE WPX traded up $0.24 during trading hours on Friday, reaching $13.08. 226,258 shares of the company’s stock traded hands, compared to its average volume of 7,536,302. WPX Energy has a 52-week low of $9.89 and a 52-week high of $20.80. The stock has a market cap of $5.15 billion, a P/E ratio of 144.67, a price-to-earnings-growth ratio of 0.77 and a beta of 2.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.70 and a quick ratio of 0.64.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc lifted its position in WPX Energy by 5.3% during the third quarter. Vanguard Group Inc now owns 36,939,299 shares of the oil and gas producer’s stock worth $743,219,000 after buying an additional 1,847,610 shares during the period. BlackRock Inc. grew its holdings in shares of WPX Energy by 0.4% in the 1st quarter. BlackRock Inc. now owns 35,197,663 shares of the oil and gas producer’s stock worth $461,440,000 after acquiring an additional 129,576 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of WPX Energy by 10.4% in the 1st quarter. Neuberger Berman Group LLC now owns 11,825,874 shares of the oil and gas producer’s stock worth $155,038,000 after acquiring an additional 1,116,833 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of WPX Energy by 32.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,972,355 shares of the oil and gas producer’s stock worth $117,628,000 after acquiring an additional 2,214,092 shares during the last quarter. Finally, Shapiro Capital Management LLC grew its holdings in shares of WPX Energy by 25.0% in the 4th quarter. Shapiro Capital Management LLC now owns 7,470,354 shares of the oil and gas producer’s stock worth $84,789,000 after acquiring an additional 1,493,346 shares during the last quarter. Institutional investors own 95.50% of the company’s stock.

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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