Notable Reporting: What’s Propelling WPX Energy Inc to Increase So Much?

Notable Reporting: What's Propelling WPX Energy Inc to Increase So Much?

The stock of WPX Energy Inc (NYSE:WPX) is a huge mover today! About 8.37 million shares traded hands or 9.70% up from the average. WPX Energy Inc (NYSE:WPX) has risen 31.53% since April 27, 2016 and is uptrending. It has outperformed by 26.31% the S&P500.
The move comes after 5 months positive chart setup for the $4.97 billion company. It was reported on Nov, 30 by Barchart.com. We have $16.30 PT which if reached, will make NYSE:WPX worth $397.60 million more.

Analysts await WPX Energy Inc (NYSE:WPX) to report earnings on February, 22. They expect $-0.17 earnings per share, down 30.77% or $0.04 from last year’s $-0.13 per share. After $-0.17 actual earnings per share reported by WPX Energy Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

WPX Energy Inc (NYSE:WPX) Ratings Coverage

Out of 21 analysts covering WPX Energy (NYSE:WPX), 15 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 71% are positive. WPX Energy has been the topic of 58 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of WPX Energy Inc (NYSE:WPX) earned “Outperform” rating by Robert W. Baird on Thursday, July 21. The stock has “Positive” rating given by Susquehanna on Friday, October 30. Imperial Capital maintained it with “Outperform” rating and $14 target price in Monday, December 7 report. The stock of WPX Energy Inc (NYSE:WPX) earned “Neutral” rating by Goldman Sachs on Tuesday, March 29. The rating was maintained by Imperial Capital with “Outperform” on Thursday, June 23. The rating was initiated by Citigroup with “Neutral” on Tuesday, September 22. On Tuesday, April 19 the stock rating was maintained by Imperial Capital with “Outperform”. The stock of WPX Energy Inc (NYSE:WPX) earned “Equal Weight” rating by CapitalOne on Tuesday, January 19. The rating was upgraded by Goldman Sachs on Wednesday, July 6 to “Buy”. The stock of WPX Energy Inc (NYSE:WPX) earned “Buy” rating by Wunderlich on Wednesday, April 6.

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 decreased to 1.12 in Q2 2016. Its down 0.38, from 1.5 in 2016Q1. The ratio dived, 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.
Agf Investments America Inc owns 43,998 shares or 0.19% of their US portfolio. Teacher Retirement Of Texas last reported 38,257 shares in the company. Schwab Charles Investment Mngmt has 0.01% invested in the company for 1.27 million shares. Aegis has 991,371 shares for 9.02% of their US portfolio. Cubist Systematic Strategies Ltd Limited Liability Company accumulated 0% or 8,028 shares. Stephens Inc Ar accumulated 24,390 shares or 0.01% of the stock. The New York-based Tiaa Cref Management Lc has invested 0.02% in WPX Energy Inc (NYSE:WPX). Creative Planning accumulated 0% or 15,353 shares. North Star accumulated 33 shares or 0% of the stock. Laurion Management L P has 46,500 shares for 0.01% of their US portfolio. Raymond James And Associate has invested 0% of its portfolio in WPX Energy Inc (NYSE:WPX). Acadian Asset Management Ltd Liability Corporation last reported 0% of its portfolio in the stock. Bokf Na accumulated 26,412 shares or 0.01% of the stock. Pinnacle Hldg Llc reported 4,630 shares or 0% of all its holdings. Ig Mngmt, a Manitoba – Canada-based fund reported 1.23M shares.

Insider Transactions: Since June 6, 2016, the stock had 2 buys, and 1 insider sale for $248,510 net activity. Shares for $199,920 were bought by Muncrief Richard E on Monday, June 6. FAULKNER STEPHEN L JR had sold 5,000 shares worth $49,410 on Monday, June 13. $98,000 worth of WPX Energy Inc (NYSE:WPX) was bought by LOWRIE WILLIAM G on Monday, June 6.

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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