The stock of WPX Energy Inc (NYSE:WPX) is a huge mover today! About 3.75M shares traded hands. WPX Energy Inc (NYSE:WPX) has risen 128.25% since March 4, 2016 and is uptrending. It has outperformed by 120.21% the S&P500.
The move comes after 8 months negative chart setup for the $4.38 billion company. It was reported on Oct, 7 by Barchart.com. We have $12.09 PT which if reached, will make NYSE:WPX worth $262.80M less.
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. The rating was upgraded by Capital One to “Overweight” on Tuesday, February 9. The stock of WPX Energy Inc (NYSE:WPX) earned “Neutral” rating by Citigroup on Tuesday, September 22. Raymond James maintained the stock with “Outperform” rating in Tuesday, September 29 report. As per Thursday, July 14, the company rating was maintained by Barclays Capital. Imperial Capital initiated WPX Energy Inc (NYSE:WPX) rating on Wednesday, October 14. Imperial Capital has “Outperform” rating and $14 price target. The rating was maintained by Wunderlich on Tuesday, June 7 with “Buy”. Barclays Capital downgraded it to “Underweight” rating and $5 target price in Monday, January 11 report. Goldman Sachs upgraded it to “Buy” rating and $14.75 target price in Wednesday, July 6 report. On Tuesday, December 15 the stock rating was initiated by Suntrust Robinson with “Buy”.
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 2016 Q2. 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.
Henderson Public Ltd reported 416,648 shares or 0.03% of all its holdings. The North Carolina-based Retail Bank Of America Corporation De has invested 0% in WPX Energy Inc (NYSE:WPX). Retail Bank Of Montreal Can holds 0% or 115,440 shares in its portfolio. Pinnacle Hldgs Ltd Co owns 4,630 shares or 0% of their US portfolio. Gru One Trading Limited Partnership accumulated 0.02% or 198,320 shares. Moreover, Checchi Cap Advisers Ltd Llc has 0.01% invested in WPX Energy Inc (NYSE:WPX) for 6,569 shares. Clough Prns Lp last reported 1.61% of its portfolio in the stock. Liberty Mutual Grp Inc Asset Inc holds 101,650 shares or 0.03% of its portfolio. Cypress Mngmt Lc (Wy) last reported 0% of its portfolio in the stock. Capwealth Advsrs Ltd Com accumulated 117 shares or 0% of the stock. The New York-based Gagnon Advsrs Limited has invested 1.93% in WPX Energy Inc (NYSE:WPX). Moreover, Gam Holdg Ag has 0% invested in WPX Energy Inc (NYSE:WPX) for 20,845 shares. Oppenheimer owns 1.03M shares or 0.28% of their US portfolio. Systematic Fincl Mngmt Ltd Partnership holds 0.06% or 453,580 shares in its portfolio. Cwm Lc has 49 shares for 0% of their US portfolio.
Insider Transactions: Since June 6, 2016, the stock had 2 buys, and 1 sale for $248,510 net activity. $49,410 worth of WPX Energy Inc (NYSE:WPX) was sold by FAULKNER STEPHEN L JR on Monday, June 13. LOWRIE WILLIAM G also bought $98,000 worth of WPX Energy Inc (NYSE:WPX) shares. $199,920 worth of WPX Energy Inc (NYSE:WPX) was bought by Muncrief Richard E.
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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