WPX Energy Inc (WPX) : Maple Rock Capital Partners scooped up 1,670,000 additional shares in WPX Energy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,020,000 shares of WPX Energy Inc which is valued at $22,159,400.WPX Energy Inc makes up approximately 10.96% of Maple Rock Capital Partners’s portfolio.
Other Hedge Funds, Including , Cssil added WPX to its portfolio by purchasing 19,900 company shares during the most recent quarter which is valued at $218,303. WPX Energy Inc makes up approx 0.03% of Cssil’s portfolio.Donald Smith reduced its stake in WPX by selling 5,533,159 shares or 59.48% in the most recent quarter. The Hedge Fund company now holds 3,768,634 shares of WPX which is valued at $41,341,915. WPX Energy Inc makes up approx 1.06% of Donald Smith’s portfolio.Cambridge Investment Research Advisors reduced its stake in WPX by selling 1,432 shares or 5.96% in the most recent quarter. The Hedge Fund company now holds 22,597 shares of WPX which is valued at $225,744. Quantitative Investment Management added WPX to its portfolio by purchasing 322,000 company shares during the most recent quarter which is valued at $3,075,100. WPX Energy Inc makes up approx 0.14% of Quantitative Investment Management’s portfolio.
WPX Energy Inc opened for trading at $11.88 and hit $12.405 on the upside on Thursday, eventually ending the session at $12.27, with a gain of 2.25% or 0.27 points. The heightened volatility saw the trading volume jump to 1,33,96,645 shares. Company has a market cap of $4,225 M.
On the company’s financial health, WPX Energy Inc reported $-0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $-0.20. The company had revenue of $495.00 million for the quarter, compared to analysts expectations of $464.79 million. The company’s revenue was down -56.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.03 EPS.
Many Wall Street Analysts have commented on WPX Energy Inc. Company shares were Upgraded by Robert W. Baird on Jul 21, 2016 to ” Outperform”, Firm has raised the Price Target to $ 12 from a previous price target of $8 .WPX Energy Inc was Upgraded by Goldman to ” Buy” on Jul 6, 2016. Company shares were Reiterated by Imperial Capital on Jun 23, 2016 to “Outperform”, Firm has raised the Price Target to $ 13 from a previous price target of $11 .
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 196149 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 85483 net acres in the Williston Basin. It holds approximately 134000 net acres in the San Juan Basin. It operates approximately 945 wells in the San Juan Basin and also owns interest in 2319 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 92000 net acres and includes the Wolfcamp Bone Spring Avalon and Delaware Sands intervals.