Rating Flow: Is WPX Energy (WPX) a Stock to Buy After Deutsche Bank Upgrade?

November 28, 2016 - By Winifred Garcia

WPX Energy (WPX) Upgrade

In a a research report issued on 28 November, research professionals at Deutsche Bank’s equities research division boosted WPX Energy (WPX)‘s stock from a Hold to Buy. They have a target of $17.0 on WPX or 28.01% more upside.

Western Potash Corp (TSE:WPX) Ratings Coverage

Out of 3 analysts covering WPX Energy (WPX), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $17.0 is the highest target while $13.0 is the lowest. The $15.33 average target is 12164.00% above today’s ($0.125) stock price. WPX Energy has been the topic of 3 analyst reports since October 3, 2016 according to StockzIntelligence Inc. Barclays Capital upgraded Western Potash Corp (TSE:WPX) on Monday, October 17 to “Equal Weight” rating. The stock has “Buy” rating given by Wunderlich on Monday, October 3. The stock of Western Potash Corp (TSE:WPX) has “Outperform” rating given on Tuesday, October 11 by FBR Capital.

It is up 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 is negative, as 41 funds sold all Western Potash Corp 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.

Gemmer Asset Management Llc has 233 shares for 0% of their US portfolio. Nj State Employees Deferred Compensation Plan accumulated 16,666 shares or 0.03% of the stock. Tudor Invest Et Al accumulated 0.01% or 44,514 shares. Numeric Ltd Liability last reported 0.01% of its portfolio in the stock. Texas Permanent School Fund last reported 211,969 shares in the company. Nuveen Asset Management Limited Liability Corp last reported 0.03% of its portfolio in the stock. Gradient Limited Liability Corporation has 0% invested in the company for 1,000 shares. The Massachusetts-based Clough Prtn Lp has invested 1.61% in Western Potash Corp (TSE:WPX). Moreover, Ingalls Snyder has 0.19% invested in Western Potash Corp (TSE:WPX) for 350,515 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 8,292 shares for 0% of their US portfolio. Moreover, Virginia Retirement System Et Al has 0.01% invested in Western Potash Corp (TSE:WPX) for 37,600 shares. The North Carolina-based Financial Bank Of America Corp De has invested 0% in Western Potash Corp (TSE:WPX). Great West Life Assurance Can last reported 0% of its portfolio in the stock. Pnc Services Gru Incorporated has 0% invested in the company for 12,423 shares. Federated Investors Pa accumulated 0.04% or 1.41 million 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 sold 5,000 shares worth $49,410. LOWRIE WILLIAM G bought $98,000 worth of stock.

Western Potash Corp. is a Canada-based development-stage potash company. The company has a market cap of $58.40 million. The Firm is engaged in the business of the acquisition, exploration and development of potash mineral properties. It currently has negative earnings. The Company’s segment is being the acquisition, exploration and development of mineral properties in Canada.

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.

More important recent Western Potash Corp (TSE:WPX) news were published by: Businesswire.com which released: “Western Potash Corp. Clarifies Land Position” on April 10, 2014, also Businesswire.com published article titled: “Western Potash Corp. Receives Strategic Investment from China BlueChemical Ltd …”, Valuewalk.com published: “Bidding War Over Western Potash On The Horizon?” on March 13, 2014. More interesting news about Western Potash Corp (TSE:WPX) was released by: Mining.com and their article: “Western Potash receives approval for Milestone project” with publication date: April 04, 2013.

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