Rating Change: Deutsche Bank Reports Upgrade of Wpx Energy (NYSE:WPX) from “Hold” to “Buy” Rating

November 28, 2016 - By Nellie Frank

Rating Change:  Deutsche Bank Reports Upgrade of Wpx Energy (NYSE:WPX) from

Wpx Energy (NYSE:WPX) Upgrade

Wpx Energy (NYSE:WPX) was upped by Deutsche Bank from a “Hold” rating to a “Buy” rating in a a research report shared with investors and clients on 28 November.

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. $18 is the highest target while $4 is the lowest. The $11.68 average target is -10.29% below today’s ($13.02) stock price. WPX Energy has been the topic of 57 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Wednesday, December 9, the company rating was initiated by JP Morgan. Seaport Global downgraded the shares of WPX in a report on Wednesday, March 30 to “Sell” rating. FBR Capital initiated WPX Energy Inc (NYSE:WPX) rating on Tuesday, October 11. FBR Capital has “Outperform” rating and $16 price target. The rating was maintained by Imperial Capital with “Outperform” on Thursday, June 23. The stock of WPX Energy Inc (NYSE:WPX) has “Positive” rating given on Friday, October 30 by Susquehanna. On Wednesday, September 2 the stock rating was initiated by Barclays Capital with “Equal Weight”. The stock of WPX Energy Inc (NYSE:WPX) earned “Market Perform” rating by Cowen & Co on Wednesday, December 9. The firm has “Hold” rating given on Saturday, August 29 by TheStreet. Imperial Capital maintained the shares of WPX in a report on Friday, May 6 with “Outperform” rating. The rating was initiated by Imperial Capital with “Outperform” on Wednesday, October 14.

About 6.34M shares traded hands. WPX Energy Inc (NYSE:WPX) has risen 56.24% since April 25, 2016 and is uptrending. It has outperformed by 50.22% the S&P500.

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.

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.

Homrich Berg has invested 0.06% of its portfolio in WPX Energy Inc (NYSE:WPX). Group Inc accumulated 0% or 537,044 shares. Legal & General Group Public Ltd Co last reported 0% of its portfolio in the stock. Highlander Limited Liability Com owns 5,111 shares or 0.04% of their US portfolio. Loring Wolcott And Coolidge Fiduciary Advisors Llp Ma, a Massachusetts-based fund reported 3,666 shares. First Mercantile has 0.05% invested in the company for 47,085 shares. Huntington Bancorporation accumulated 0% or 89 shares. Capital Fund Sa reported 142,643 shares or 0.01% of all its holdings. Tiaa Cref Limited Company has 0.02% invested in the company for 2.67M shares. National Bank & Trust Of America De owns 1.35M shares or 0% of their US portfolio. Grantham Mayo Van Otterloo And Co Limited Com has invested 0.02% of its portfolio in WPX Energy Inc (NYSE:WPX). Glenmede Trust Na accumulated 0% or 1,610 shares. Stevens Mgmt L P holds 0.02% of its portfolio in WPX Energy Inc (NYSE:WPX) for 57,241 shares. Gemmer Asset Management Llc accumulated 233 shares or 0% of the stock. Teachers Retirement System Of The State Of Kentucky holds 0.02% or 165,863 shares in its portfolio.

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

WPX Energy, Inc. is an independent oil and natural gas exploration and production company. The company has a market cap of $4.43 billion. The Firm is engaged in the exploitation and development of long-life unconventional properties. It currently has negative earnings. It is engaged in the domestic development, production and gas management activities of oil, natural gas and natural gas liquids segment.

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.”

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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