WPX Energy’s (NYSE:WPX) “Buy” Rating Reaffirmed at Northland Securities

Northland Securities reaffirmed their buy rating on shares of WPX Energy (NYSE:WPX) in a research report released on Tuesday, April 2nd, Stock Target Advisor reports. The brokerage currently has a $20.00 price objective on the oil and gas producer’s stock.

A number of other brokerages have also recently commented on WPX. Barclays started coverage on shares of WPX Energy in a research note on Wednesday, January 16th. They set an overweight rating and a $20.00 price target on the stock. Seaport Global Securities restated a buy rating and set a $20.00 price target on shares of WPX Energy in a research note on Wednesday, December 12th. Williams Capital reiterated a buy rating and issued a $21.00 target price on shares of WPX Energy in a research note on Thursday, February 21st. Mizuho assumed coverage on shares of WPX Energy in a research note on Tuesday, January 29th. They issued a neutral rating and a $14.00 target price on the stock. Finally, Raymond James set a $21.00 target price on shares of WPX Energy and gave the stock a buy rating in a research note on Sunday, December 30th. Four analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. WPX Energy currently has an average rating of Buy and an average target price of $20.72.

WPX stock traded down $0.45 during trading on Tuesday, reaching $14.07. The stock had a trading volume of 6,603,606 shares, compared to its average volume of 7,470,687. WPX Energy has a one year low of $9.89 and a one year high of $20.80. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 156.33, a PEG ratio of 1.50 and a beta of 2.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.97 and a current ratio of 1.03.

WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, February 20th. The oil and gas producer reported $0.02 earnings per share 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 company had revenue of $554.00 million for the quarter, compared to the consensus estimate of $550.84 million. During the same period in the prior year, the company earned ($0.02) earnings per share. The firm’s revenue was up 55.6% on a year-over-year basis. On average, sell-side analysts forecast that WPX Energy will post 0.36 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of WPX. State of Alaska Department of Revenue grew its holdings in shares of WPX Energy by 1.8% during the 1st quarter. State of Alaska Department of Revenue now owns 42,820 shares of the oil and gas producer’s stock valued at $561,000 after purchasing an additional 772 shares during the last quarter. Hartford Financial Management Inc. grew its holdings in shares of WPX Energy by 13.3% during the 4th quarter. Hartford Financial Management Inc. now owns 6,800 shares of the oil and gas producer’s stock valued at $77,000 after purchasing an additional 800 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of WPX Energy by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 105,800 shares of the oil and gas producer’s stock valued at $1,387,000 after purchasing an additional 1,000 shares during the last quarter. AGF Investments America Inc. grew its holdings in shares of WPX Energy by 2.5% during the 4th quarter. AGF Investments America Inc. now owns 53,309 shares of the oil and gas producer’s stock valued at $605,000 after purchasing an additional 1,289 shares during the last quarter. Finally, Strs Ohio grew its holdings in shares of WPX Energy by 9.2% during the 4th quarter. Strs Ohio now owns 17,786 shares of the oil and gas producer’s stock valued at $201,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 96.63% of the company’s stock.

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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Analyst Recommendations for WPX Energy (NYSE:WPX)

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