WPX Energy, Inc. (WPX) Receives Consensus Recommendation of "Buy" from Brokerages

Andrew Cummings
September 21, 2017

WPX Energy Inc (NYSE:WPX) has risen 29.74% since September 21, 2016 and is uptrending. (NYSE:WPX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. Finally, M&T Bank Corp increased its position in shares of WPX Energy by 5.0% during the 1st quarter.

More news for WPX Energy Inc (NYSE:WPX) were recently published by: Nasdaq.com, which released: "Increased Earnings Estimates Seen for WPX Energy (WPX): Can It Move Higher?" on September 19, 2017.

Other hedge funds also recently made changes to their positions in the company.

Wolverine Asset Management LLC bolstered its position by buying 178,723 shares an increase of 169.5%. The Connecticut-based Hartford Mngmt Inc has invested 0.01% in WPX Energy Inc (NYSE:WPX). Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer's stock worth $117,000 after acquiring an additional 1,000 shares during the period. Cadence Capital Management LLC increased its position in WPX Energy by 14.3% during the first quarter. PNC Financial Services Group Inc. now owns 13,095 shares of the company's stock worth $172,000 after buying an additional 672 shares during the last quarter.

The volume of the particular stock is the shares bought and sold in a single trading day. The shares were sold at an average price of $10.48, for a total value of $366,800.00. Following the completion of the transaction, the insider now directly owns 506,326 shares of the company's stock, valued at $5,306,296.48. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. The stock rose 0.36% or $0.04 reaching $11.1 per share.

Mount Kellett Capital Management Lp holds 54.16% of its portfolio in WPX Energy Inc for 2.89 million shares. WPX's latest closing price was -11.27% away from the average-price of 200 days while it maintained a distance of 6.05% from the 50 Day Moving Average and 6.81% away compared to its SMA 20. WPX price is down almost -46.2% from its 52-week high price of $16.17 a share but is up about 24.14% from its 52-week low price of $8.39 a share. 4,780,416 shares of the stock traded hands. WPX Energy, Inc. has a 1-year low of $8.39 and a 1-year high of $16.17.

WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Wednesday, August 2nd.

Advisors Asset stated it has 8,300 shares or 0% of all its holdings. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The firm had revenue of $413.00 million during the quarter, compared to analysts' expectations of $301.78 million. Its revenue stood at 2.50% a year on average in the period of last five years. Last quarter, the company saw 297 million in total revenues. Analysts forecast that WPX Energy, Inc. will post ($0.51) EPS for the current year.

TRADEMARK VIOLATION WARNING: "Principal Financial Group Inc". If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and global trademark & copyright laws. Grows Holdings in WPX Energy, Inc.

Several analysts have commented on the stock. Using a longer term moving average such as the 200-day may help block out the noise and chaos that is sometimes created by daily price fluctuations. BidaskClub lowered shares of WPX Energy from a "hold" rating to a "sell" rating in a research report on Thursday, August 17th. It is negative, as 41 investors sold WPX Energy Inc shares while 74 reduced holdings. The average twelve-month price objective among brokers that have updated their coverage on the stock in the a year ago is $15.80. BMO Capital Markets lifted their price target on shares of WPX Energy from $12.00 to $13.00 and gave the company a "no rating at time" rating in a report on Friday, July 14th.

Yet another important factor while evaluating a good buy/sell decision for WPX Energy, Inc. The Firm is engaged in the exploitation and development of unconventional properties.

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