WPX Energy (WPX): Price Target and June Short Interest Disclosure

WPX Energy (WPX) : The highest level WPX Energy (WPX) is projected to reach is $18 for the short term and the lowest estimate is at $5. The consolidated price target from 18 rating analysts who initiate coverage on the stock is $11.11 and the possibility the share price can swing is $3.23.

The short interest in WPX Energy (WPX) has increased from 37,295,916 on June 15,2016 to 37,692,843 on June 30,2016. The change was measured at 396,927 shares or 1.1%. The leftover shorts were 11.7% of the floated shares. The days to cover are 3, given the average daily volume of 11,453,303 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Goldman Sachs upgrades its rating on WPX Energy (NYSE:WPX). The global brokerage major raises the current price target from $10.5 per share to $14.75 per share. Analysts at the Goldman Sachs have a current rating of Buy on the shares. The shares were previously rated Neutral. The rating by the firm was issued on July 6, 2016.


WPX Energy (NYSE:WPX): On Thursdays trading session , Opening price of the stock was $10.29 with an intraday high of $10.42. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.05. However, the stock managed to close at $10.08, a loss of 0.20% for the day. On the previous day, the stock had closed at $10.1. The total traded volume of the day was 7,796,806 shares.

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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