November 29, 2016 - By Clifton Ray · 0 Comments
WPX Energy Inc (NYSE:WPX) institutional sentiment decreased to 1.12 in Q2 2016. Its down -0.38, from 1.5 in 2016Q1. The ratio has worsened, as 167 investment professionals started new or increased stock positions, while 111 sold and decreased holdings in WPX Energy Inc. The investment professionals in our partner’s database now hold: 315.94 million shares, up from 257.71 million shares in 2016Q1. Also, the number of investment professionals holding WPX Energy Inc in their top 10 stock positions was flat from 8 to 8 for the same number . Sold All: 41 Reduced: 70 Increased: 105 New Position: 62.
WPX Energy, Inc. is an independent oil and natural gas exploration and production company. The company has a market cap of $4.00 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.
About 5.09 million shares traded hands. WPX Energy Inc (NYSE:WPX) has risen 43.42% since April 26, 2016 and is uptrending. It has outperformed by 38.16% 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.
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.”
Mount Kellett Capital Management Lp holds 39.18% of its portfolio in WPX Energy Inc for 2.89 million shares. First Reserve Gp Xii Ltd owns 7.79 million shares or 20.44% of their US portfolio. Moreover, Jvl Advisors L.L.C. has 15.29% invested in the company for 7.14 million shares. The Florida-based Goodhaven Capital Management Llc has invested 14.34% in the stock. Aegis Financial Corp, a Virginia-based fund reported 991,371 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 2 insider purchases, and 1 sale for $248,510 net activity.
Ratings analysis reveals 71% of WPX Energy’s analysts are positive. Out of 21 Wall Street analysts rating WPX Energy, 15 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $4 while the high is $18. The stock’s average target of $11.68 is -3.55% below today’s ($12.11) share price. WPX was included in 58 notes of analysts from July 21, 2015. The rating was downgraded by CapitalOne to “Equal Weight” on Tuesday, January 19. Deutsche Bank upgraded WPX Energy Inc (NYSE:WPX) on Monday, November 28 to “Buy” rating. The firm has “Outperform” rating by FBR Capital given on Tuesday, October 11. The rating was initiated by Susquehanna on Friday, October 30 with “Positive”. The rating was initiated by Wunderlich on Wednesday, April 6 with “Buy”. The rating was maintained by Imperial Capital on Thursday, June 23 with “Outperform”. The rating was downgraded by Iberia Capital Partners on Monday, January 25 to “Sector Perform”. The rating was upgraded by Barclays Capital to “Equal Weight” on Monday, October 17. The firm has “Hold” rating given on Saturday, August 29 by TheStreet. On Friday, May 6 the stock rating was maintained by Imperial Capital with “Outperform”.
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.
Another recent and important WPX Energy Inc (NYSE:WPX) news was published by Seekingalpha.com which published an article titled: “WPX Energy, Callon Petroleum rated Buy at Deutsche Bank” on November 28, 2016.
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By Clifton Ray