Short Term Price Target on WPX Energy (WPX)

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 $11. The estimated standard deviation from the target is $3.16.

WPX Energy, Inc. has lost 6.15% in the last five trading days and dropped 11.92% in the last 4 weeks. WPX Energy, Inc. is up 40.63% in the last 3-month period. Year-to-Date the stock performance stands at 62.2%. Also, Major Brokerage house, Deutsche Bank maintains its ratings on WPX Energy (NYSE:WPX). In the latest research report, Deutsche Bank raises the target price from $11 per share to $12 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on June 14, 2016.

WPX Energy (NYSE:WPX) has an average broker rating of 1.95, which is interpreted as a Buy, as rated by 19 equity analysts. Nonetheless, 10 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

WPX Energy (NYSE:WPX): The stock opened at $9.34 on Thursday but the bulls could not build on the opening and the stock topped out at $9.52 for the day. The stock traded down to $9.06 during the day, due to lack of any buying support eventually closed down at $9.31 with a loss of -1.69% for the day. The stock had closed at $9.47 on the previous day. The total traded volume was 13,563,108 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP and Controller) of Wpx Energy, Inc., Faulkner Stephen L Jr had sold 5,000 shares worth of $49,400 in a transaction dated June 13, 2016. In this transaction, 5,000 shares were sold at $9.88 per share.

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.

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