WPX Energy Target of Unusually Large Options Trading (NYSE:WPX)

Henrietta Strickland
July 5, 2017

Equities research analysts at Seaport Global Securities lowered their Q2 2017 earnings per share estimates for WPX Energy in a research note issued to investors on Wednesday. 3,991,015 stocks of the company were exchanged. the firms 50 day SMA price is $10.69 and the 200 day SMA is $12.63. Finally, Credit Suisse Group initiated coverage on WPX Energy in a research report on Thursday, June 1st. They set an "outperform" rating and a $13.50 price objective on the stock. WPX Energy presently has a consensus rating of "Buy" and an average price target of $16.04. Analysts reported that the Price Target for WPX Energy, Inc. might touch $26 high while the Average Price Target and Low price Target is $16.28 and $6.5 respectively. Stifel analysts stated on 13/04/2017 that they launched coverage on this stock with Buy rating. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -0.85% where SMA50 and SMA200 are -12.62% and -23.6% respectively.

By historical standards, WPX Energy, Inc. remains a cheap stock. A total volume of 3.99 million shares were traded versus to average volume of 8.67 million shares. Vanguard Group Inc owns $320.14 million in WPX Energy, Inc., which represents roughly 8.17% of the company's market cap and approximately 8.7% of the institutional ownership.

Price/Earnings to growth ratio for the company is -589 and the stock shows its Price/Sales (ttm) of 3.84 and Price/Book for the most recent quarter of 0.96.

Analysts await WPX Energy Inc (NYSE:WPX) to report earnings on August, 2. The oil and gas producer reported ($0.15) EPS for the quarter, beating analysts' consensus estimates of ($0.17) by $0.02. According to these analysts, the Low Revenue Estimate for WPX Energy, Inc.is 275.89 Million and the High Revenue Estimate is 348.1 Million. Return on Equity (ROE) stands at -15.2% and Return on Investment (ROI) of -7 percent. On average, analysts predict that WPX Energy will post ($0.54) EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of USA and global trademark and copyright law. The legal version of this article can be viewed at https://www.chaffeybreeze.com/2017/07/03/3m-company-mmm-position-raised-by-lourd-capital-llc-updated.html. ProShare Advisors LLC raised its stake in WPX Energy by 9.1% in the third quarter. Accern also gave news analysis about the oil and gas producer a media impact point of 90 out of 100, indicating that recent press coverage is very probably to have an effect on the firms share value upcoming future. Scoria Capital Partners LP purchased a new stake in WPX Energy during the third quarter valued at $1,979,000. Meadow Creek Investment Management LLC boosted its position in shares of WPX Energy by 32.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,890 shares of the oil and gas producer's stock valued at $159,000 after buying an additional 2,915 shares during the last quarter. Advantus Capital Management Inc now owns 41,909 shares of the oil and gas producer's stock valued at $553,000 after buying an additional 8,335 shares during the period. 10,821 were reported by Cadence Capital Management Limited Liability. Finally, Cigna Investments Inc. Penn Capital Management Co. Pitcairn Co. now owns 18,537 shares of the oil and gas producer's stock valued at $270,000 after buying an additional 788 shares in the last quarter. Several hedge funds and other institutional investors have recently modified their holdings of WPX. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States. The Firm is engaged in the exploitation and development of unconventional properties.

WPX Energy Company Profile WPX Energy, Inc is an oil and natural gas exploration and production company.

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