Several other research analysts have also weighed in on WPX. Imperial Capital reiterated an “outperform” rating and issued a $17.00 price objective (up previously from $13.00) on shares of WPX Energy in a research note on Tuesday, December 17th. Credit Suisse Group restated an “outperform” rating and set a $8.00 price target on shares of WPX Energy in a research note on Thursday, March 19th. Mizuho increased their price target on shares of WPX Energy from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Stifel Nicolaus increased their price target on shares of WPX Energy from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Evercore ISI restated a “buy” rating on shares of WPX Energy in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $14.77.
WPX Energy stock traded up $0.06 during trading hours on Tuesday, hitting $3.35. The company had a trading volume of 12,349,172 shares, compared to its average volume of 11,522,963. The firm has a market capitalization of $1.39 billion, a P/E ratio of 5.49, a price-to-earnings-growth ratio of 0.26 and a beta of 2.39. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.67. The firm’s fifty day moving average is $8.15 and its 200-day moving average is $10.47. WPX Energy has a fifty-two week low of $1.94 and a fifty-two week high of $15.32.
In other news, Director Robert Herdman acquired 35,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average cost of $3.37 per share, with a total value of $117,950.00. Following the acquisition, the director now owns 52,807 shares in the company, valued at $177,959.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Clay M. Gaspar acquired 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average cost of $3.81 per share, with a total value of $95,250.00. Following the completion of the acquisition, the chief operating officer now owns 926,621 shares in the company, valued at approximately $3,530,426.01. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 65,000 shares of company stock valued at $240,325. 1.59% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. boosted its holdings in shares of WPX Energy by 27.8% during the 4th quarter. Macquarie Group Ltd. now owns 6,621,208 shares of the oil and gas producer’s stock worth $90,975,000 after buying an additional 1,438,324 shares during the period. Franklin Resources Inc. boosted its holdings in shares of WPX Energy by 9.9% during the 4th quarter. Franklin Resources Inc. now owns 528,310 shares of the oil and gas producer’s stock worth $7,259,000 after buying an additional 47,590 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of WPX Energy by 30.6% during the 4th quarter. Nuveen Asset Management LLC now owns 8,832,308 shares of the oil and gas producer’s stock worth $121,356,000 after buying an additional 2,071,803 shares during the period. Beaconlight Capital LLC boosted its holdings in shares of WPX Energy by 67.2% during the 4th quarter. Beaconlight Capital LLC now owns 1,591,910 shares of the oil and gas producer’s stock worth $21,873,000 after buying an additional 640,038 shares during the period. Finally, Norges Bank bought a new stake in shares of WPX Energy during the 4th quarter worth $44,467,000. 98.28% of the stock is owned by institutional investors and hedge funds.
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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