WPX Energy Inc (NYSE:WPX) – Seaport Global Securities raised their Q2 2019 earnings estimates for shares of WPX Energy in a report issued on Monday, May 6th, according to Zacks Investment Research. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas producer will earn $0.05 per share for the quarter, up from their prior forecast of $0.04. Seaport Global Securities also issued estimates for WPX Energy’s Q3 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.10 EPS, FY2019 earnings at $0.32 EPS, Q1 2020 earnings at $0.11 EPS, Q3 2020 earnings at $0.13 EPS, Q4 2020 earnings at $0.15 EPS and FY2020 earnings at $0.49 EPS.
Other analysts have also issued research reports about the company. Northland Securities reiterated a “buy” rating and set a $20.00 price objective on shares of WPX Energy in a report on Tuesday, April 2nd. Piper Jaffray Companies set a $16.00 target price on WPX Energy and gave the stock a “buy” rating in a research note on Friday, April 5th. SunTrust Banks set a $21.00 target price on WPX Energy and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. TD Securities reduced their target price on WPX Energy from $19.00 to $18.50 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Finally, ValuEngine lowered WPX Energy from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $20.66.
Shares of WPX traded down $0.05 during midday trading on Thursday, hitting $11.28. 8,692,689 shares of the company’s stock traded hands, compared to its average volume of 7,313,518. WPX Energy has a 1 year low of $9.89 and a 1 year high of $20.80. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.58. The firm has a market cap of $4.76 billion, a PE ratio of 125.33, a P/E/G ratio of 0.77 and a beta of 2.31.
WPX Energy (NYSE:WPX) last issued its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. WPX Energy had a return on equity of 2.15% and a net margin of 9.50%. The firm had revenue of $359.00 million during the quarter, compared to analyst estimates of $547.79 million. During the same quarter in the prior year, the business posted ($0.06) EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WPX. Massachusetts Financial Services Co. MA purchased a new position in shares of WPX Energy during the 4th quarter valued at about $52,591,000. Norges Bank purchased a new position in shares of WPX Energy during the 4th quarter valued at about $32,726,000. Diamond Hill Capital Management Inc. purchased a new position in shares of WPX Energy during the 4th quarter valued at about $29,767,000. LSP Investment Advisors LLC purchased a new position in shares of WPX Energy during the 4th quarter valued at about $27,027,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of WPX Energy by 32.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,972,355 shares of the oil and gas producer’s stock valued at $117,628,000 after buying an additional 2,214,092 shares during the last quarter. Institutional investors and hedge funds own 95.29% of the company’s stock.
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.