WPX Energy (WPX) Shares are Up 12.67%

WPX Energy (WPX) : Traders are bullish on WPX Energy (WPX) as it has outperformed the S&P 500 by a wide margin of 26.03% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 12.71%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 12.67% in the last 1 week, and is up 26.51% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

WPX Energy, Inc. is up 25.48% in the last 3-month period. Year-to-Date the stock performance stands at 115.33%. The stock has recorded a 20-day Moving Average of 21.4% and the 50-Day Moving Average is 25.35%.


WPX Energy (NYSE:WPX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.11 and $11.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.36, notching a gain of 1.23% for the day. The total traded volume was 13,008,453 . The stock had closed at $12.21 on the previous day.

Also, Equity analysts at the Brokerage firm Barclays maintains its rating on WPX Energy (NYSE:WPX). The rating major has initiated the coverage with underweight rating on the shares. The Analysts at Barclays raises the price target from $6 per share to $7.5 per share. The rating by the firm was issued on August 8, 2016.

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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