Brokerages Expect WPX Energy Inc (WPX) Will Announce Earnings of $0.04 Per Share

Brokerages expect that WPX Energy Inc (NYSE:WPX) will announce $0.04 earnings per share for the current quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for WPX Energy’s earnings, with estimates ranging from ($0.01) to $0.11. WPX Energy reported earnings of ($0.06) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 166.7%. The firm is expected to announce its next earnings results after the market closes on Wednesday, May 1st.

According to Zacks, analysts expect that WPX Energy will report full-year earnings of $0.34 per share for the current financial year, with EPS estimates ranging from $0.08 to $0.61. For the next fiscal year, analysts forecast that the business will report earnings of $0.81 per share, with EPS estimates ranging from $0.39 to $3.33. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow WPX Energy.

WPX Energy (NYSE:WPX) last released its quarterly earnings results on Wednesday, February 20th. The oil and gas producer reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.03). WPX Energy had a net margin of 6.54% and a return on equity of 1.09%. The firm had revenue of $554.00 million for the quarter, compared to analyst estimates of $550.84 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. The firm’s revenue was up 55.6% compared to the same quarter last year.

WPX has been the topic of a number of recent analyst reports. B. Riley set a $13.00 price target on shares of WPX Energy and gave the company a “buy wpx” rating in a report on Monday, December 24th. 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. Williams Capital initiated coverage on shares of WPX Energy in a report on Tuesday, January 8th. They set a “buy” rating and a $21.00 price target on the stock. Barclays set a $18.00 price target on shares of WPX Energy and gave the company a “buy” rating in a report on Thursday, February 28th. Finally, Jefferies Financial Group set a $23.00 price target on shares of WPX Energy and gave the company a “buy” rating in a report on Thursday, February 14th. Four analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $20.85.

A number of institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its stake in shares of WPX Energy by 16.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 37,600 shares of the oil and gas producer’s stock worth $493,000 after purchasing an additional 5,400 shares during the last quarter. Hodges Capital Management Inc. increased its stake in shares of WPX Energy by 0.3% during the 1st quarter. Hodges Capital Management Inc. now owns 1,058,223 shares of the oil and gas producer’s stock worth $13,873,000 after purchasing an additional 3,415 shares during the last quarter. Paragon Capital Management LLC acquired a new position in shares of WPX Energy during the 1st quarter worth $66,000. Sciencast Management LP acquired a new position in shares of WPX Energy during the 1st quarter worth $393,000. Finally, Retirement Systems of Alabama increased its stake in shares of WPX Energy by 4.6% during the 1st quarter. Retirement Systems of Alabama now owns 1,197,501 shares of the oil and gas producer’s stock worth $15,699,000 after purchasing an additional 52,666 shares during the last quarter. Hedge funds and other institutional investors own 96.83% of the company’s stock.

WPX stock opened at $14.74 on Thursday. WPX Energy has a 52-week low of $9.89 and a 52-week high of $20.80. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.58. The company has a market cap of $6.22 billion, a PE ratio of 163.78, a PEG ratio of 1.55 and a beta of 2.31.

WPX Energy Company Profile

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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Earnings History and Estimates for WPX Energy (NYSE:WPX)

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