Market Runner: What Next for WPX Energy Inc Stock After Today’s Big Increase?

Market Runner: What Next for WPX Energy Inc Stock After Today's Big Increase?

The stock of WPX Energy Inc (NYSE:WPX) is a huge mover today! About 3.41 million shares traded hands. WPX Energy Inc (NYSE:WPX) has risen 98.56% since March 16, 2016 and is uptrending. It has outperformed by 93.01% the S&P500.
The move comes after 9 months positive chart setup for the $4.53B company. It was reported on Oct, 19 by We have $19.37 PT which if reached, will make NYSE:WPX worth $2.13 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 21 analysts covering WPX Energy (NYSE:WPX), 14 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 67% are positive. WPX Energy has been the topic of 57 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of WPX Energy Inc (NYSE:WPX) has “Outperform” rating given on Wednesday, October 14 by Imperial Capital. CapitalOne downgraded the stock to “Equal Weight” rating in Tuesday, January 19 report. On Tuesday, February 9 the stock rating was upgraded by Capital One to “Overweight”. On Tuesday, January 12 the stock rating was initiated by Guggenheim with “Buy”. As per Friday, March 11, the company rating was maintained by Deutsche Bank. The rating was initiated by SunTrust on Tuesday, December 15 with “Buy”. On Wednesday, July 6 the stock rating was upgraded by Goldman Sachs to “Buy”. TheStreet downgraded WPX Energy Inc (NYSE:WPX) on Saturday, August 29 to “Hold” rating. On Monday, January 11 the stock rating was downgraded by Barclays Capital to “Underweight”. The firm has “Neutral” rating given on Tuesday, June 7 by Seaport Global.

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.
Commerzbank Aktiengesellschaft Fi has 14,374 shares for 0% of their US portfolio. Nelson Van Denburg Campbell Wealth Gp Llc last reported 0% of its portfolio in the stock. Pinebridge Invs L P last reported 0.48% of its portfolio in the stock. Gagnon Advsr Lc holds 1.93% or 240,157 shares in its portfolio. Hodges Capital Management Incorporated last reported 76,000 shares in the company. Driehaus Capital Mgmt Lc has 55,000 shares for 0.02% of their US portfolio. Nuveen Asset Limited Liability Corporation last reported 0.03% of its portfolio in the stock. Ig Ltd reported 1.23 million shares or 0.05% of all its holdings. The Missouri-based Fincl Counselors has invested 0.01% in WPX Energy Inc (NYSE:WPX). Kingdon Cap Ltd Liability Com accumulated 1.16% or 2.26M shares. Citigroup reported 188,249 shares or 0% of all its holdings. First Reserve Group Xii holds 20.44% or 7.79M shares in its portfolio. Highbridge Cap Mgmt Ltd Com holds 151,285 shares or 0.02% of its portfolio. Caisse De Depot Et Placement Du Quebec reported 100,000 shares or 0% of all its holdings. Moreover, Estabrook Cap Management has 0% invested in WPX Energy Inc (NYSE:WPX) for 116 shares.

Insider Transactions: Since June 6, 2016, the stock had 2 buys, and 1 sale for $248,510 net activity. LOWRIE WILLIAM G bought $98,000 worth of stock or 10,000 shares. FAULKNER STEPHEN L JR sold $49,410 worth of WPX Energy Inc (NYSE:WPX) on Monday, June 13. Muncrief Richard E bought $199,920 worth of stock.

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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