WPX Energy (NYSE:WPX) Shares Gap Up to $10.96

WPX Energy Inc (NYSE:WPX) shares gapped up before the market opened on Wednesday . The stock had previously closed at $10.70, but opened at $10.96. WPX Energy shares last traded at $11.47, with a volume of 9,145,806 shares trading hands.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Saturday, May 11th. TD Securities lowered their price target on shares of WPX Energy from $19.00 to $18.50 and set a “buy” rating for the company in a report on Thursday, May 2nd. MKM Partners assumed coverage on shares of WPX Energy in a report on Thursday, June 13th. They set a “buy” rating and a $15.00 price target for the company. TheStreet lowered shares of WPX Energy from a “b-” rating to a “c” rating in a report on Thursday, May 2nd. Finally, Northland Securities reaffirmed a “buy” rating and set a $20.00 price target on shares of WPX Energy in a report on Tuesday, February 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $20.44.

The firm has a 50-day moving average price of $11.45. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.70 and a quick ratio of 0.64. The firm has a market cap of $4.81 billion, a P/E ratio of 127.44, a P/E/G ratio of 0.94 and a beta of 2.38.

WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. WPX Energy had a net margin of 9.50% and a return on equity of 2.15%. The company had revenue of $359.00 million for the quarter, compared to the consensus estimate of $547.79 million. During the same period last year, the firm posted ($0.06) EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, research analysts forecast that WPX Energy Inc will post 0.42 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its position in shares of WPX Energy by 1.8% in the 1st quarter. State of Alaska Department of Revenue now owns 42,820 shares of the oil and gas producer’s stock worth $561,000 after buying an additional 772 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in WPX Energy by 0.6% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 158,100 shares of the oil and gas producer’s stock valued at $2,073,000 after purchasing an additional 928 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in WPX Energy by 1.0% in 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. Parkside Investments LLC lifted its position in WPX Energy by 3.8% in the 1st quarter. Parkside Investments LLC now owns 27,000 shares of the oil and gas producer’s stock valued at $353,000 after purchasing an additional 1,000 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its position in WPX Energy by 14.9% in the 1st quarter. First Republic Investment Management Inc. now owns 12,044 shares of the oil and gas producer’s stock valued at $158,000 after purchasing an additional 1,563 shares during the last quarter. Institutional investors own 98.37% of the company’s stock.

WPX Energy Company Profile (NYSE:WPX)

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.

Recommended Story: Capital Gains Distribution

Receive News & Ratings for WPX Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy and related companies with MarketBeat.com's FREE daily email newsletter.