WPX Energy (NYSE:WPX) has tumbled 5.29% during the past week and has dropped 3.76% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.16%. WPX Energy (NYSE:WPX) has underperformed the index by 4.63% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
WPX Energy (NYSE:WPX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.37 and $9.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.48, notching a gain of 4.29% for the day. The total traded volume was 13,288,721 . The stock had closed at $9.09 on the previous day.
The company shares have dropped -27.24% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $13.73 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.70 and the 200 Day Moving Average price is recorded at $6.82.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Faulkner Stephen L Jr, officer (VP and Controller) of Wpx Energy, Inc., had unloaded 5,000 shares at an average price of $9.88 in a transaction dated on June 13, 2016. The total value of the transaction was worth $49,400.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of WPX Energy (NYSE:WPX). Deutsche Bank has a Hold rating on the shares. As per the latest research report, the brokerage house raises the price target to $12 per share from a prior target of $11. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 1.2% of WPX Energy shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 3.24% . Institutional Investors own 95.3% of WPX Energy shares. During last six month period, the net percent change held by insiders has seen a change of 6.97%.
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 196,149 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 85,483 net acres in the Williston Basin. It holds approximately 134,000 net acres in the San Juan Basin. It operates approximately 945 wells in the San Juan Basin and also owns interest in 2,319 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 92,000 net acres and includes the Wolfcamp, Bone Spring, Avalon and Delaware Sands intervals.