WPX Energy (WPX) : Fridays money flow data in WPX Energy (WPX) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $12.14 million, whereas, $7.53 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.61, in favor of the bulls. The total money flow into the stock was $4.61 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $4.48 million. The total value of block trades done on upticks was $5.37 million. The value of bearish trades on downticks was only $0.89 million.The up/down ratio in the block trades was a healthy 6.02 in favor of the bulls, suggesting strong buying in the stock by large traders. WPX Energy (WPX) fell $0.11 and traded at $9.77, down -1.11% for the day, over previous days close. On a weekly basis, the shares are -3.36% over the previous weeks close.
WPX Energy (WPX) stock is expected to deviate a maximum of $3.12 from the average target price of $11.65 for the short term period. 17 Street Experts have initiated coverage on the stock with the most promising target being $18 and the most muted being $6.
WPX Energy (NYSE:WPX): On Fridays trading session , Opening price of the stock was $9.9 with an intraday high of $9.95. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.58. However, the stock managed to close at $9.77, a loss of 1.11% for the day. On the previous day, the stock had closed at $9.88. The total traded volume of the day was 6,353,402 shares.
In a related news, The officer (VP and Controller), of Wpx Energy, Inc., Faulkner Stephen L Jr had unloaded 5,000 shares at $9.88 per share in a transaction on June 13, 2016. The total value of transaction was $49,400. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.