Rating Coverage: WPX Energy (NYSE:WPX)’s Is Reaching An Inflection Point; Deutsche Bank Upgrades It

November 28, 2016 - By Hazel Jackson

Rating Coverage:  WPX Energy (NYSE:WPX)'s Is Reaching An Inflection Point; Deutsche Bank Upgrades It

WPX Energy (NYSE:WPX) Upgrade

WPX Energy (NYSE:WPX)‘s Hold rating is no longer valid. The firm rating was boosted by stock research analysts at Deutsche Bank to a Buy. They have a target of $17 on WPX.

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 -8.89% below today’s ($12.82) stock price. WPX Energy has been the topic of 57 analyst reports since July 21, 2015 according to StockzIntelligence Inc. SunTrust initiated WPX Energy Inc (NYSE:WPX) on Tuesday, December 15 with “Buy” rating. The stock has “Market Perform” rating given by Cowen & Co on Wednesday, December 9. Goldman Sachs upgraded WPX Energy Inc (NYSE:WPX) on Wednesday, July 6 to “Buy” rating. The rating was maintained by Wunderlich on Tuesday, June 7 with “Buy”. Citigroup maintained WPX Energy Inc (NYSE:WPX) on Thursday, April 7 with “Neutral” rating. The company was downgraded on Monday, January 11 by Barclays Capital. The company was initiated on Wednesday, October 14 by Imperial Capital. Raymond James maintained the shares of WPX in a report on Tuesday, September 29 with “Outperform” rating. Oppenheimer maintained the shares of WPX in a report on Tuesday, September 1 with “Market Perform” rating. On Monday, October 17 the stock rating was upgraded by Barclays Capital to “Equal Weight”.

About 7.73M shares traded hands or 6.33% up from the average. 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 EPS, down 30.77% or $0.04 from last year’s $-0.13 per share. After $-0.17 actual EPS 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 2016 Q2. Its down 0.38, from 1.5 in 2016Q1. The ratio dropped, 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.

Cubist Systematic Strategies Ltd Llc holds 0% of its portfolio in WPX Energy Inc (NYSE:WPX) for 8,028 shares. Raymond James And accumulated 0% or 12,440 shares. Goldman Sachs Group Inc reported 3.86 million shares or 0.01% of all its holdings. Loring Wolcott And Coolidge Fiduciary Llp Ma owns 3,666 shares or 0% of their US portfolio. Brant Point Inv Mgmt Ltd Liability Corp holds 100,000 shares or 0.09% of its portfolio. Smithfield Tru Company last reported 0% of its portfolio in the stock. Guardian Tru Commerce last reported 0% of its portfolio in the stock. Comerica Bancorp, a Michigan-based fund reported 207,389 shares. American Intl Group Inc last reported 0% of its portfolio in the stock. Gagnon Secs Limited last reported 393,447 shares in the company. Marshall Wace Ltd Liability Partnership accumulated 0.19% or 2.39M shares. Oakworth Cap accumulated 849 shares or 0% of the stock. Financial Prns Ltd Company, a New York-based fund reported 23,320 shares. Mariner Wealth Limited Liability Co has 0.05% invested in the company for 92,995 shares. Tiaa Cref Invest Ltd Llc owns 2.67 million shares or 0.02% of their US portfolio.

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

WPX Energy, Inc. is an independent oil and natural gas exploration and production company. The company has a market cap of $4.37 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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