Brokerages expect WPX Energy Inc (NYSE:WPX) to report $0.12 earnings per share for the current quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for WPX Energy’s earnings. The highest EPS estimate is $0.18 and the lowest is $0.06. WPX Energy reported earnings of ($0.02) per share during the same quarter last year, which would indicate a positive year over year growth rate of 700%. The company is expected to report its next quarterly earnings report on Wednesday, February 20th.

On average, analysts expect that WPX Energy will report full year earnings of $0.20 per share for the current financial year, with EPS estimates ranging from $0.13 to $0.32. For the next year, analysts expect that the business will post earnings of $0.95 per share, with EPS estimates ranging from $0.49 to $1.55. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow WPX Energy.

WPX Energy (NYSE:WPX) last issued its quarterly earnings data on Wednesday, October 31st. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). The firm had revenue of $484.00 million for the quarter, compared to analysts’ expectations of $514.08 million. WPX Energy had a positive return on equity of 0.76% and a negative net margin of 15.79%. The firm’s revenue was up 233.8% on a year-over-year basis. During the same period last year, the company earned ($0.10) earnings per share.

Several research firms have recently weighed in on WPX. Seaport Global Securities set a $28.00 target price on WPX Energy and gave the company a “buy” rating in a research report on Wednesday, October 3rd. Zacks Investment Research raised WPX Energy from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Wednesday, October 3rd. Jefferies Financial Group began coverage on WPX Energy in a research report on Friday, September 28th. They set a “buy” rating and a $28.00 target price on the stock. Scotiabank reissued a “buy” rating and set a $26.00 target price on shares of WPX Energy in a research report on Thursday, September 27th. Finally, Goldman Sachs Group downgraded WPX Energy from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a research report on Friday, August 3rd. Three analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.12.

Shares of WPX opened at $15.54 on Thursday. The company has a market cap of $6.55 billion, a PE ratio of 311.60 and a beta of 2.34. WPX Energy has a 1 year low of $11.58 and a 1 year high of $20.80. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.47 and a current ratio of 0.51.

A number of institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC grew its position in WPX Energy by 10.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 31,760 shares of the oil and gas producer’s stock valued at $639,000 after acquiring an additional 3,060 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in WPX Energy by 18.6% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 19,864 shares of the oil and gas producer’s stock valued at $358,000 after acquiring an additional 3,111 shares during the last quarter. Louisiana State Employees Retirement System grew its position in WPX Energy by 3.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 107,900 shares of the oil and gas producer’s stock valued at $1,945,000 after acquiring an additional 3,300 shares during the last quarter. Aperio Group LLC grew its position in WPX Energy by 3.8% in the 2nd quarter. Aperio Group LLC now owns 92,485 shares of the oil and gas producer’s stock valued at $1,668,000 after acquiring an additional 3,361 shares during the last quarter. Finally, Cornerstone Wealth Management LLC bought a new position in WPX Energy in the 2nd quarter valued at $206,000. 93.90% of the stock is currently owned by institutional investors.

About WPX Energy

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.

See Also: Diversification in Investing

Get a free copy of the Zacks research report on WPX Energy (WPX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for WPX Energy (NYSE:WPX)

Receive News & Ratings for WPX Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy and related companies with MarketBeat.com's FREE daily email newsletter.