WPX Energy Inc (WPX) Rating Reiterated by FBR & Co

Gladys Abbott
May 19, 2017

Alpha One also gave news coverage about the oil and gas producer an impact score of 92 out of 100, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next few days. Stifel Nicolaus' price objective points to a potential upside of 69.49% from the company's previous close.

Several other research analysts have also recently commented on the company. Seaport Global Securities raised WPX Energy from a "neutral" rating to a "buy" rating in a research report on Friday, March 31st.

By historical standards, WPX Energy, Inc. remains a cheap stock. FBR & Co reissued an "outperform" rating and issued a $19.00 price objective on shares of WPX Energy in a research report on Tuesday, March 21st. The company has an average rating of Buy and an average target price of $16.10.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Wpx Energy Inc (NYSE:WPX) high price target of $27 and with a conservative view have low price target of $13.

WPX Energy Inc (NYSE:WPX) traded down 0.99% on Thursday, reaching $12.03. The stock's average true range of stands at 0.47, while the relative strength index is 53.56. They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months. The stock's 50 day moving average is $12.45 and its 200 day moving average is $13.16.

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WPX has a 1-year high price of $ 16.17 and 1-year low price of $8.23.

Petroleo Brasileiro S.A. - Petrobras (NYSE:PBR-A) and Broadcom Limited (NASDAQ:AVGO) capture in noticeable indication for EPS growth for next year.The firms have -21.20% and -189.80% earnings per share growth for this year. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.17) by $0.02. WPX Energy had a negative net margin of 178.46% and a negative return on equity of 7.94%. The business had revenue of $461 million during the quarter, compared to analyst estimates of $254.24 million. The difference between the expected and actual EPS was $0.02/share, which represents an Earnings surprise of 11.8%. If you are accessing this news story on another publication, it was illegally copied and republished in violation of USA and worldwide trademark & copyright laws.

Hedge funds have recently modified their holdings of the company.

Now the shares of WPX Energy, Inc. AGF Investments America Inc. now owns 44,150 shares of the oil and gas producer's stock worth $582,000 after buying an additional 152 shares in the last quarter. First Trust Advisors LP now owns 4,397,845 shares of the oil and gas producer's stock valued at $58,008,000 after buying an additional 2,909,558 shares during the last quarter. BlackRock Group LTD increased its stake in shares of WPX Energy by 20.4% in the third quarter. The fund owned 21,570 shares of the oil and gas producer's stock after selling 4,860 shares during the period. Rhumbline Advisers boosted its stake in WPX Energy by 24.0% in the third quarter. Rhumbline Advisers now owns 538,682 shares of the oil and gas producer's stock valued at $7,105,000 after buying an additional 104,411 shares during the period.

While looking at the Stock's Performance, WPX Energy, Inc. now shows a Weekly Performance of 5.29%, where Monthly Performance is -4.49%, Quarterly performance is -11.97%, 6 Months performance is 2.4% and yearly performance percentage is 28.11%. BlackRock Group LTD now owns 352,063 shares of the oil and gas producer's stock valued at $4,644,000 after buying an additional 59,636 shares during the period. Margins are one of the fairest ways to compare companies since they remove some of the bias of large versus small numbers. Statements regarding future drilling and production are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas.

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