Piper Jaffray Companies Reaffirms “Hold” Rating for WPX Energy (WPX)

Piper Jaffray Companies reissued their hold rating on shares of WPX Energy (NYSE:WPX) in a research note issued to investors on Tuesday morning. They currently have a $17.00 target price on the oil and gas producer’s stock.

WPX has been the topic of a number of other research reports. Seaport Global Securities upgraded shares of WPX Energy from a sell rating to a neutral rating in a report on Tuesday, December 19th. Stifel Nicolaus set a $17.00 target price on shares of WPX Energy and gave the company a buy rating in a report on Thursday, October 5th. Zacks Investment Research upgraded shares of WPX Energy from a hold rating to a buy rating and set a $12.00 target price on the stock in a report on Thursday, October 12th. Bank of America assumed coverage on shares of WPX Energy in a report on Monday, October 16th. They set a buy rating on the stock. Finally, Credit Suisse Group assumed coverage on shares of WPX Energy in a report on Monday, December 11th. They set an outperform rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $15.82.

Shares of WPX Energy (WPX) traded up $0.55 during mid-day trading on Tuesday, hitting $14.95. 5,856,100 shares of the stock were exchanged, compared to its average volume of 5,193,300. WPX Energy has a 1 year low of $8.39 and a 1 year high of $15.11. The company has a market cap of $6,000.00, a PE ratio of -30.51, a PEG ratio of 10.00 and a beta of 2.46. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73.

WPX Energy (NYSE:WPX) last announced its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.02. WPX Energy had a negative net margin of 12.65% and a negative return on equity of 5.20%. The firm had revenue of $224.00 million for the quarter, compared to analysts’ expectations of $334.38 million. During the same quarter in the previous year, the business posted ($0.17) EPS. The company’s quarterly revenue was down 10.8% on a year-over-year basis. equities research analysts expect that WPX Energy will post -0.46 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of WPX. Ontario Teachers Pension Plan Board purchased a new position in shares of WPX Energy in the 2nd quarter worth about $113,000. Financial Counselors Inc. raised its position in WPX Energy by 9.0% in the 2nd quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after buying an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in WPX Energy by 12.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock worth $134,000 after buying an additional 1,540 shares during the last quarter. Commonwealth Equity Services Inc purchased a new position in WPX Energy in the 3rd quarter worth about $137,000. Finally, BlueMountain Capital Management LLC raised its position in WPX Energy by 39.3% in the 2nd quarter. BlueMountain Capital Management LLC now owns 14,532 shares of the oil and gas producer’s stock worth $140,000 after buying an additional 4,097 shares during the last quarter. 99.78% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for WPX Energy (NYSE:WPX)

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