WPX Energy Inc (NYSE:WPX) – Capital One Financial Corp. lowered their FY2015 earnings estimates for WPX Energy in a report issued on Wednesday, according to Zacks Investment Research. Capital One Financial Corp. analyst B. Velie now forecasts that the brokerage will post earnings of ($0.40) per share for the year, down from their previous estimate of ($0.35). Capital One Financial Corp. currently has a “Equal Weight” rating on the stock. The consensus estimate for WPX Energy’s FY2015 earnings is ($0.48) per share. Capital One Financial Corp. also issued estimates for WPX Energy’s Q4 2015 earnings at ($0.22) EPS, FY2016 earnings at ($1.91) EPS and FY2017 earnings at ($1.93) EPS.

WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, November 4th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by $0.79. During the same period in the prior year, the business posted ($0.02) earnings per share. The company had revenue of $537 million for the quarter, compared to the consensus estimate of $529.68 million. WPX Energy’s revenue for the quarter was down 28.1% compared to the same quarter last year.

Several other equities research analysts also recently weighed in on WPX. Seaport Global Securities downgraded shares of WPX Energy from an “accumulate” rating to a “neutral” rating and reduced their target price for the company from $10.50 to $5.00 in a research note on Wednesday, January 13th. Raymond James increased their target price on shares of WPX Energy from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, November 6th. Citigroup Inc. reduced their target price on shares of WPX Energy from $7.00 to $4.50 in a research note on Thursday. Susquehanna assumed coverage on shares of WPX Energy in a research note on Thursday, October 29th. They issued a “positive” rating and a $11.00 target price on the stock. Finally, Imperial Capital reissued a “buy” rating on shares of WPX Energy in a research note on Tuesday, December 8th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $10.28.

WPX Energy (NYSE:WPX) opened at 4.50 on Friday. WPX Energy has a one year low of $2.53 and a one year high of $14.65. The stock has a market capitalization of $1.24 billion and a PE ratio of 44.12. The firm has a 50-day moving average of $5.42 and a 200 day moving average of $7.50.

Other institutional investors recently made changes to their positions in the company. Selz Capital raised its position in shares of WPX Energy by 17.2% in the fourth quarter. Selz Capital now owns 680,000 shares of the company’s stock valued at $3,903,000 after buying an additional 100,000 shares during the last quarter. Lenox Wealth Advisors bought a new position in shares of WPX Energy during the fourth quarter valued at approximately $0. Finally, MUFG Americas raised its position in shares of WPX Energy by 5.6% in the third quarter. MUFG Americas now owns 86,151 shares of the company’s stock valued at $571,000 after buying an additional 4,602 shares during the last quarter.

WPX Energy, Inc. is an independent natural gas and oil exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. Its areas of operations are the Piceance Basin in the Rocky Mountain region, the Williston Basin in North Dakota and the San Juan Basin in the southwestern United States. It holds over 196,149 net acres in the Piceance Basin, which is located in northwestern Colorado. It operates around 177 wells in the Williston Basin and also owns interest in 19 wells that are operated by others. It holds 85,483 net acres in the Williston Basin. It holds approximately 134,000 net acres in the San Juan Basin. It operates approximately 945 wells in the San Juan Basin and also owns interest in 2,319 wells that are operated by other operators in New Mexico and Colorado. It is also focused on the Delaware Basin, which covers an area of 92,000 net acres and includes the Wolfcamp, Bone Spring, Avalon and Delaware Sands intervals.

12 Month Chart for NYSE:WPX

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

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