WPX Energy (NYSE:WPX)‘s stock had its “hold” rating restated by research analysts at Robert W. Baird in a report released on Wednesday. They currently have a $21.00 price objective on the stock. Robert W. Baird’s target price indicates a potential downside of 2.28% from the company’s current price.
WPX Energy (NYSE:WPX) traded up 2.24% on Wednesday, hitting $21.49. The stock had a trading volume of 3,125,866 shares. WPX Energy has a one year low of $16.80 and a one year high of $23.69. The stock’s 50-day moving average is $20.5 and its 200-day moving average is $19.21. The company’s market cap is $4.344 billion.
WPX Energy (NYSE:WPX) last released its earnings data on Tuesday, May 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.19. The company had revenue of $987.00 million for the quarter, compared to the consensus estimate of $811.91 million. During the same quarter in the previous year, the company posted ($0.25) earnings per share. The company’s revenue for the quarter was up 56.4% on a year-over-year basis. Analysts expect that WPX Energy will post $-0.13 EPS for the current fiscal year.
In other WPX Energy news, Director William Lowrie bought 8,000 shares of the stock in a transaction dated Tuesday, May 20th. The stock was purchased at an average price of $20.95 per share, with a total value of $167,600.00. Following the transaction, the director now directly owns 127,578 shares in the company, valued at approximately $2,672,759. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of WPX Energy from $18.00 to $20.00 in a research note on Monday. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank upgraded shares of WPX Energy from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. They now have a $28.00 price target on the stock, up previously from $20.00. Finally, analysts at TheStreet upgraded shares of WPX Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.50.
WPX Energy, Inc (NYSE:WPX) is an independent natural gas and oil exploration and production company engaged in the exploitation and development of long-life unconventional properties.
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