Stock Buzzer: Could WPX Energy Inc See a Reversal After This Very Strong Session?

Stock Buzzer: Could WPX Energy Inc See a Reversal After This Very Strong Session?

The stock of WPX Energy Inc (NYSE:WPX) is a huge mover today! About 3.85 million shares traded hands. WPX Energy Inc (NYSE:WPX) has risen 172.03% since March 2, 2016 and is uptrending. It has outperformed by 163.77% the S&P500.
The move comes after 9 months positive chart setup for the $4.58B company. It was reported on Oct, 5 by We have $20.97 PT which if reached, will make NYSE:WPX worth $2.52 billion more.

Analysts await WPX Energy Inc (NYSE:WPX) to report earnings on November, 2. They expect $-0.17 EPS, 0.00% or $0.00 from last year’s $-0.17 per share. After $-0.28 actual EPS reported by WPX Energy Inc for the previous quarter, Wall Street now forecasts -39.29% EPS growth.

WPX Energy Inc (NYSE:WPX) Ratings Coverage

Out of 19 analysts covering WPX Energy (NYSE:WPX), 12 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 63% are positive. WPX Energy has been the topic of 54 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Equal Weight” rating given by Barclays Capital on Wednesday, September 2. Susquehanna initiated the stock with “Positive” rating in Friday, October 30 report. The stock of WPX Energy Inc (NYSE:WPX) earned “Outperform” rating by Imperial Capital on Wednesday, October 14. The rating was initiated by Guggenheim on Tuesday, January 12 with “Buy”. The firm has “Buy” rating by Goldman Sachs given on Wednesday, July 6. The firm has “Equal Weight” rating by CapitalOne given on Tuesday, January 19. JP Morgan maintained WPX Energy Inc (NYSE:WPX) on Tuesday, March 15 with “Overweight” rating. Imperial Capital maintained WPX Energy Inc (NYSE:WPX) on Monday, December 7 with “Outperform” rating. The rating was maintained by Wunderlich on Tuesday, June 7 with “Buy”. Barclays Capital maintained the shares of WPX in a report on Thursday, September 1 with “Underweight” rating.

According to Zacks Investment Research, “WPX Energy, Inc. is a natural gas and oil company focused on the exploitation and development of unconventional properties. The Company has oil and gas properties particularly in the Piceance Basin, Bakken Shale and Marcellus Shale. WPX Energy, Inc. is based in Tulsa, Oklahoma.”

Insitutional Activity: The institutional sentiment increased to 1.5 in Q2 2016. Its up 0.49, from 1.01 in 2016Q1. The ratio increased, as 41 funds sold all WPX Energy Inc shares owned while 70 reduced positions. 62 funds bought stakes while 105 increased positions. They now own 315.94 million shares or 22.60% more from 257.71 million shares in 2016Q1.
Ww Asset, a Michigan-based fund reported 13,664 shares. Jefferies Gp Ltd Limited Liability Company has 0% invested in the company for 10,750 shares. Ameritas Invest Prtn holds 0.03% or 44,179 shares in its portfolio. Fifth Third National Bank has 0% invested in the company for 2,727 shares. Trexquant Invest L P, a Connecticut-based fund reported 217,637 shares. Ubs Asset Mngmt Americas accumulated 0% or 344,360 shares. Capstone Asset accumulated 44,120 shares or 0.01% of the stock. Airain Limited accumulated 464,585 shares or 0.25% of the stock. Voya Ltd Liability has 90,564 shares for 0% of their US portfolio. Ibm Retirement Fund accumulated 27,879 shares or 0.01% of the stock. Tudor Investment Corporation Et Al has 0.01% invested in the company for 44,514 shares. The New York-based Tower Rech Capital Ltd Liability Company (Trc) has invested 0.02% in WPX Energy Inc (NYSE:WPX). Virginia Retirement System Et Al accumulated 0.01% or 37,600 shares. Cap Inv Advisors Ltd Com has 12,319 shares for 0.01% of their US portfolio. Lmr Prns Limited Liability Partnership accumulated 75,895 shares or 0.11% of the stock.

Insider Transactions: Since June 6, 2016, the stock had 2 buys, and 1 insider sale for $248,510 net activity. 20,400 shares with value of $199,920 were bought by Muncrief Richard E on Monday, June 6. $49,410 worth of WPX Energy Inc (NYSE:WPX) was sold by FAULKNER STEPHEN L JR. LOWRIE WILLIAM G bought 10,000 shares worth $98,000.

WPX Company Profile

WPX Energy, Inc., incorporated on April 19, 2011, is an independent oil and natural gas exploration and production company. The Firm is engaged in the exploitation and development of long-life unconventional properties. The Company’s segment is the domestic development, production and gas management activities of oil, natural gas and natural gas liquids (NGLs). The Firm is focused on exploiting and developing its oil positions in the Williston Basin in North Dakota, and the Permian and San Juan Basins in the southwestern United States. The Firm operates approximately 700 wells in the Permian Basin and also owns interests in over 960 wells operated by others. The Firm holds approximately 94,000 net acres in the Permian Basin, and specifically in the Delaware Basin sub-area, with core activities located in Eddy, Lea and Chaves Counties in New Mexico and Loving, Pecos, Reeves, Ward and Winkler Counties in Texas.

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