The stock of WPX Energy Inc (NYSE:WPX) is a huge mover today! About 3.00M shares traded hands. WPX Energy Inc (NYSE:WPX) has risen 60.19% since April 13, 2016 and is uptrending. It has outperformed by 56.26% the S&P500.
The move comes after 9 months positive chart setup for the $4.42 billion company. It was reported on Nov, 15 by Barchart.com. We have $18.91 PT which if reached, will make NYSE:WPX worth $2.12B more.
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 rating was maintained by Imperial Capital on Monday, December 7 with “Outperform”. The firm earned “Buy” rating on Wednesday, April 6 by Wunderlich. The rating was maintained by Goldman Sachs with “Neutral” on Tuesday, March 29. Goldman Sachs upgraded it to “Buy” rating and $14.75 target price in Wednesday, July 6 report. The stock of WPX Energy Inc (NYSE:WPX) earned “Outperform” rating by FBR Capital on Tuesday, October 11. As per Thursday, June 23, the company rating was maintained by Imperial Capital. The firm has “Buy” rating by Wunderlich given on Friday, May 6. The company was maintained on Thursday, February 18 by Imperial Capital. TheStreet downgraded the shares of WPX in a report on Saturday, August 29 to “Hold” rating. Wunderlich maintained WPX Energy Inc (NYSE:WPX) rating on Monday, October 3. Wunderlich has “Buy” rating and $17 price target.
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 improved, 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.
California Pub Employees Retirement has 1.93M shares for 0.03% of their US portfolio. Gagnon Securities Ltd Com has 1.75% invested in the company for 393,447 shares. Commonwealth Of Pennsylvania School Empls Retrmt System owns 97,658 shares or 0.02% of their US portfolio. Longfellow Mngmt Ltd Liability Company last reported 0% of its portfolio in the stock. Trexquant L P last reported 0.27% of its portfolio in the stock. Signaturefd Lc accumulated 300 shares or 0% of the stock. Oregon Employees Retirement Fund owns 78,325 shares or 0.02% of their US portfolio. Credit Agricole S A has 11,851 shares for 0% of their US portfolio. Raymond James Associate owns 12,440 shares or 0% of their US portfolio. Encompass Cap Limited Liability reported 2.20 million shares or 6.07% of all its holdings. Agf Invests America Inc accumulated 0.19% or 43,998 shares. Mitchell Group Inc Inc last reported 2.06% of its portfolio in the stock. Nationwide Fund reported 876,113 shares or 0.04% of all its holdings. Moreover, Blackrock Fund Advsrs has 0.02% invested in WPX Energy Inc (NYSE:WPX) for 10.25 million shares. Sei Investments, a Pennsylvania-based fund reported 7,501 shares.
Insider Transactions: Since June 6, 2016, the stock had 2 insider purchases, and 1 insider sale for $248,510 net activity. $49,410 worth of shares were sold by FAULKNER STEPHEN L JR on Monday, June 13. $98,000 worth of shares were bought by LOWRIE WILLIAM G on Monday, June 6. Muncrief Richard E bought $199,920 worth of stock.
Another recent and important WPX Energy Inc (NYSE:WPX) news was published by Seekingalpha.com which published an article titled: “WPX Energy Management’s Future Vision Stretches Reality” on November 08, 2016.
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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