WPX Energy (WPX) : Money flow in the WPX Energy (WPX) stock was negative (3.13 million) on Tuesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $6.12 million, compared to $9.25 million on downticks. The total uptick to downtick ratio was 0.66, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($2.27 million), indicating selling on the strength. The transaction value during uptick in block trades was $0.67 million. Downtick transaction value in block trades amounted to $2.95 million, indicating persistent selling. The uptick to downtick ratio was 0.23. WPX Energy (WPX) traded $0.16 higher at $12.07 gaining 1.34% over the previous days close.
Also, Major Brokerage house, Barclays maintains its ratings on WPX Energy (NYSE:WPX). In the latest research report, Barclays raises the target price from $6 per share to $7.5 per share. According to the latest information available, the shares are now rated Underweight by the analysts at the agency. The rating by the firm was issued on August 8, 2016.
Shares of WPX Energy, Inc. rose by 2.03% in the last five trading days and 34.56% for the last 4 weeks. WPX Energy, Inc. is up 14.19% in the last 3-month period. Year-to-Date the stock performance stands at 110.28%.
WPX Energy (NYSE:WPX): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.02 and $11.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.07, notching a gain of 1.34% for the day. The total traded volume was 4,313,065 . The stock had closed at $11.91 on the previous day.
In a related news,The officer (VP and Controller) of Wpx Energy, Inc., Faulkner Stephen L Jr sold 5,000 shares at $9.88 on June 13, 2016. The Insider selling transaction had a total value worth of $49,400. The Insider information was disclosed with 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.