WPX Energy (NYSE:WPX) Posts Earnings Results, Beats Estimates By $0.10 EPS
WPX Energy (NYSE:WPX) issued its earnings results on Wednesday. The oil and gas producer reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.10, Briefing.com reports. The company had revenue of $33.00 million for the quarter, compared to the consensus estimate of $593.36 million. WPX Energy had a positive return on equity of 3.13% and a negative net margin of 2.52%. The firm’s quarterly revenue was down 95.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS.
WPX traded down $0.23 on Thursday, reaching $5.75. The stock had a trading volume of 286,360 shares, compared to its average volume of 9,576,866. WPX Energy has a fifty-two week low of $1.94 and a fifty-two week high of $14.43. The firm has a 50-day moving average of $6.15 and a 200-day moving average of $7.13. The company has a current ratio of 1.68, a quick ratio of 1.64 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of -46.00, a price-to-earnings-growth ratio of 1.27 and a beta of 3.60.
A number of brokerages have recently weighed in on WPX. Raymond James dropped their target price on WPX Energy from $10.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. ValuEngine raised WPX Energy from a “sell” rating to a “hold” rating in a research note on Thursday, April 30th. Scotiabank boosted their price target on WPX Energy from $7.00 to $8.00 and gave the company a “sector outperform” rating in a research note on Monday, July 13th. Imperial Capital boosted their price target on WPX Energy from $8.00 to $9.00 and gave the company an “outperform” rating in a research note on Friday, June 12th. Finally, Northland Securities upped their target price on WPX Energy from $7.00 to $7.50 and gave the stock an “outperform” rating in a research report on Monday, July 20th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $12.10.
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.
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