Goodhaven Capital Management buys $40.9 Million stake in WPX Energy Inc (WPX)

WPX Energy Inc (WPX) : Goodhaven Capital Management scooped up 574,175 additional shares in WPX Energy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 4,487,624 shares of WPX Energy Inc which is valued at $40.9 Million.WPX Energy Inc makes up approximately 14.07% of Goodhaven Capital Management’s portfolio.

Other Hedge Funds, Including , Cipher Capital Lp sold out all of its stake in WPX during the most recent quarter. The investment firm sold 13,456 shares of WPX which is valued $122,719. Lmr Partners Llp added WPX to its portfolio by purchasing 63,006 company shares during the most recent quarter which is valued at $543,742. WPX Energy Inc makes up approx 0.08% of Lmr Partners Llp’s portfolio. Integrated Wealth Counsel added WPX to its portfolio by purchasing 2 company shares during the most recent quarter which is valued at $17.Aperio Group reduced its stake in WPX by selling 19,587 shares or 28.74% in the most recent quarter. The Hedge Fund company now holds 48,571 shares of WPX which is valued at $469,196.

WPX Energy Inc opened for trading at $9.79 and hit $10.07 on the upside on Friday, eventually ending the session at $9.85, with a gain of 1.03% or 0.1 points. The heightened volatility saw the trading volume jump to 1,15,42,976 shares. Company has a market cap of $2,725 M.

On the company’s financial health, WPX Energy Inc reported $-0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $-0.20. The company had revenue of $495.00 million for the quarter, compared to analysts expectations of $464.79 million. The company’s revenue was down -56.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on WPX Energy Inc. Company shares were Reiterated by Imperial Capital on May 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 11 from a previous price target of $8.75 .Company shares were Reiterated by Imperial Capital on May 6, 2016 to “Outperform”, Firm has raised the Price Target to $ 11 from a previous price target of $8.75 .Company shares were Reiterated by Wunderlich on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 13 from a previous price target of $11 .

WPX Energy Inc. is an independent natural gas and oil exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. Its areas of operations are the Piceance Basin in the Rocky Mountain region the Williston Basin in North Dakota and the San Juan Basin in the southwestern United States. It holds over 196149 net acres in the Piceance Basin which is located in northwestern Colorado. It operates around 177 wells in the Williston Basin and also owns interest in 19 wells that are operated by others. It holds 85483 net acres in the Williston Basin. It holds approximately 134000 net acres in the San Juan Basin. It operates approximately 945 wells in the San Juan Basin and also owns interest in 2319 wells that are operated by other operators in New Mexico and Colorado. It is also focused on the Delaware Basin which covers an area of 92000 net acres and includes the Wolfcamp Bone Spring Avalon and Delaware Sands intervals.

Leave a Reply

WPX Energy Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on WPX Energy Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.