WPX Energy Inc (NYSE:WPX) shares were down 6.3% on Thursday . The company traded as low as $12.98 and last traded at $13.03. Approximately 8,004,575 shares changed hands during trading, an increase of 26% from the average daily volume of 6,353,921 shares. The stock had previously closed at $13.90.

A number of research analysts have recently weighed in on WPX shares. BMO Capital Markets restated a “buy” rating and set a $16.00 price objective on shares of WPX Energy in a research report on Monday, November 6th. SunTrust Banks set a $14.00 price objective on WPX Energy and gave the company a “buy” rating in a research report on Wednesday, November 1st. Stifel Nicolaus set a $19.00 price objective on WPX Energy and gave the company a “buy” rating in a research report on Thursday, October 26th. Bank of America started coverage on WPX Energy in a research report on Monday, October 16th. They set a “buy” rating for the company. Finally, Citigroup upgraded WPX Energy from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Thursday, November 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $17.45.

The stock has a market cap of $5,150.00, a PE ratio of -26.49, a P/E/G ratio of 11.76 and a beta of 2.48. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 0.73.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WPX. Ameriprise Financial Inc. boosted its position in shares of WPX Energy by 57.4% during the third quarter. Ameriprise Financial Inc. now owns 8,773,877 shares of the oil and gas producer’s stock valued at $100,865,000 after buying an additional 3,200,766 shares during the period. Systematic Financial Management LP boosted its position in shares of WPX Energy by 108.7% during the third quarter. Systematic Financial Management LP now owns 3,834,934 shares of the oil and gas producer’s stock valued at $44,102,000 after buying an additional 1,997,566 shares during the period. State Street Corp boosted its position in shares of WPX Energy by 9.5% during the second quarter. State Street Corp now owns 14,691,763 shares of the oil and gas producer’s stock valued at $141,921,000 after buying an additional 1,272,719 shares during the period. Dalton Greiner Hartman Maher & Co. boosted its position in shares of WPX Energy by 93.6% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 2,606,321 shares of the oil and gas producer’s stock valued at $36,671,000 after buying an additional 1,259,799 shares during the period. Finally, Ninepoint Partners LP purchased a new position in shares of WPX Energy during the third quarter valued at approximately $13,512,000. Institutional investors own 99.82% of the company’s stock.

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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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