WPX Energy (WPX) : 11 brokerage houses believe that WPX Energy (WPX) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on WPX Energy (WPX). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 19 Wall Street Analysts endorse the stock as a Buy with a rating of 1.84.
WPX Energy (WPX) has been rated by 17 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $18 and the lowest price target forecast is $6. The average forecast of all the analysts is $11.53 and the expected standard deviation is $3.02.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Baird upgrades the rating on WPX Energy (NYSE:WPX). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on July 21, 2016.
WPX Energy (NYSE:WPX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.14 and $8.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.55, notching a gain of 4.95% for the day. The total traded volume was 12,694,164 . The stock had closed at $9.10 on the previous day.
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.