WPX Energy Inc (NYSE:WPX) had its target price reduced by research analysts at Susquehanna from $8.00 to $7.00 in a note issued to investors on Tuesday, Analyst Ratings Net reports. The firm presently has a “positive” rating on the stock. Susquehanna’s price target would suggest a potential upside of 46.75% from the stock’s previous close.

Other institutional investors have recently modified their holdings of the company. Selz Capital increased 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 worth $3,903,000 after buying an additional 100,000 shares during the last quarter. MUFG Americas increased 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 worth $571,000 after buying an additional 4,602 shares during the last quarter. Simplex Trading increased its position in shares of WPX Energy by 269.2% in the fourth quarter. Simplex Trading now owns 44,609 shares of the company’s stock worth $256,000 after buying an additional 32,526 shares during the last quarter. Finally, Lenox Wealth Advisors purchased a new position in shares of WPX Energy during the fourth quarter worth approximately $0.

WPX Energy (NYSE:WPX) opened at 4.77 on Tuesday. The firm’s 50-day moving average price is $5.21 and its 200 day moving average price is $7.32. WPX Energy has a 12-month low of $2.53 and a 12-month high of $14.65. The stock has a market capitalization of $1.31 billion and a P/E ratio of 46.76.

WPX Energy (NYSE:WPX) last issued its earnings results on Wednesday, November 4th. The company reported ($0.93) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.79. The firm earned $537 million during the quarter, compared to analyst estimates of $529.68 million. During the same quarter in the prior year, the company posted ($0.02) EPS. WPX Energy’s revenue was down 28.1% on a year-over-year basis. On average, equities analysts anticipate that WPX Energy will post ($0.34) EPS for the current year.

Several other research analysts have also recently weighed in on WPX. Raymond James lowered their target price on WPX Energy from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Tuesday, September 29th. BMO Capital Markets decreased their price objective on WPX Energy from $13.00 to $10.00 in a report on Wednesday, October 7th. Imperial Capital assumed coverage on WPX Energy in a report on Wednesday, October 14th. They issued an “outperform” rating and a $14.00 price objective on the stock. Deutsche Bank reiterated a “hold” rating and issued a $10.00 price objective (up from $9.00) on shares of WPX Energy in a report on Wednesday, October 14th. Finally, KLR Group decreased their price objective on WPX Energy from $22.00 to $18.00 in a report on Thursday, October 15th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $9.89.

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

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