WPX Energy (NYSE:WPX) shares reached a new 52-week high and low during trading on Thursday . The company traded as low as $17.35 and last traded at $17.18, with a volume of 3445381 shares changing hands. The stock had previously closed at $17.08.

A number of research analysts have commented on the stock. Deutsche Bank assumed coverage on shares of WPX Energy in a research report on Thursday, February 1st. They issued a “buy” rating and a $19.00 target price on the stock. B. Riley started coverage on shares of WPX Energy in a research note on Monday, February 5th. They set a “buy” rating and a $20.00 price target on the stock. Imperial Capital reiterated an “outperform” rating and set a $24.00 price target (up from $20.00) on shares of WPX Energy in a research note on Friday, February 23rd. Stifel Nicolaus set a $27.00 price target on shares of WPX Energy and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, Zacks Investment Research lowered shares of WPX Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Four equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $18.57.

The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $6,801.33, a price-to-earnings ratio of -40.45 and a beta of 2.29.

WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, February 21st. The oil and gas producer reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.06. WPX Energy had a negative net margin of 1.20% and a negative return on equity of 3.83%. The firm had revenue of $238.00 million for the quarter, compared to analyst estimates of $410.78 million. During the same period in the prior year, the firm earned ($0.16) earnings per share. The business’s quarterly revenue was up 170.5% compared to the same quarter last year. analysts forecast that WPX Energy will post 0.04 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of WPX Energy by 0.3% during the fourth quarter. BlackRock Inc. now owns 32,621,120 shares of the oil and gas producer’s stock worth $458,977,000 after buying an additional 82,744 shares during the period. Millennium Management LLC increased its stake in shares of WPX Energy by 83.1% during the fourth quarter. Millennium Management LLC now owns 14,867,732 shares of the oil and gas producer’s stock worth $209,189,000 after buying an additional 6,748,268 shares during the period. Jennison Associates LLC increased its stake in shares of WPX Energy by 0.3% during the fourth quarter. Jennison Associates LLC now owns 11,776,183 shares of the oil and gas producer’s stock worth $165,691,000 after buying an additional 39,987 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of WPX Energy by 6.5% during the third quarter. Dimensional Fund Advisors LP now owns 5,068,412 shares of the oil and gas producer’s stock worth $58,286,000 after buying an additional 308,368 shares during the period. Finally, Systematic Financial Management LP increased its stake in shares of WPX Energy by 2.1% during the fourth quarter. Systematic Financial Management LP now owns 3,916,135 shares of the oil and gas producer’s stock worth $55,100,000 after buying an additional 81,201 shares during the period. Hedge funds and other institutional investors own 99.79% 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's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.

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