WPX Energy Inc (NYSE:WPX) saw some unusual options trading on Thursday. Stock investors bought 5,076 put options on the company. This is an increase of 818% compared to the average volume of 553 put options.

WPX Energy (NYSE:WPX) opened at $13.90 on Tuesday. The stock has a market capitalization of $5,482.62, a PE ratio of -28.96 and a beta of 2.48. WPX Energy has a fifty-two week low of $8.39 and a fifty-two week high of $15.44. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73.

WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The firm had revenue of $224.00 million for the quarter, compared to analyst estimates of $334.38 million. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. WPX Energy’s revenue was down 10.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.17) earnings per share. analysts anticipate that WPX Energy will post -0.46 EPS for the current year.

A number of research analysts have recently commented on the company. Seaport Global Securities raised WPX Energy from a “sell” rating to a “neutral” rating in a report on Tuesday, December 19th. Robert W. Baird raised their price target on WPX Energy from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Monday, December 18th. Credit Suisse Group assumed coverage on WPX Energy in a report on Monday, December 11th. They set an “outperform” rating and a $15.00 price target on the stock. Northland Securities set a $17.00 price target on WPX Energy and gave the company a “buy” rating in a report on Monday, December 11th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $14.00 price target on shares of WPX Energy in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $15.66.

A number of large investors have recently added to or reduced their stakes in WPX. Capital Advisors Inc. OK grew its holdings in WPX Energy by 2.0% during the second quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock worth $100,000 after acquiring an additional 200 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in shares of WPX Energy in the 2nd quarter valued at $113,000. Financial Counselors Inc. boosted its position in shares of WPX Energy by 9.0% in the 2nd quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock valued at $117,000 after purchasing an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of WPX Energy by 12.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock valued at $134,000 after purchasing an additional 1,540 shares during the period. Finally, Commonwealth Equity Services Inc acquired a new position in shares of WPX Energy in the 3rd quarter valued at $137,000. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

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About WPX Energy

WPX Energy, Inc is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States.

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