WPX Energy (NYSE:WPX) : Currently there are 18 street experts covering WPX Energy (NYSE:WPX) stock. The most bullish and bearish price target for the stock is $18 and $5 respectively for the short term. The average price target of all the analysts comes to $10.89. The estimated standard deviation from the target is $3.12.
Other Equity analysts have also commented 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.
WPX Energy (NYSE:WPX): stock turned positive on Thursday. Though the stock opened at $9.73, the bulls momentum made the stock top out at $10.01 level for the day. The stock recorded a low of $9.63 and closed the trading day at $9.92, in the green by 3.77%. The total traded volume for the day was 12,343,342. The stock had closed at $9.56 in the previous days trading.
The company shares have dropped -27.25% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $13.70 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.73 and the 200 Day Moving Average price is recorded at $6.86. 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.
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.