WPX Energy (WPX) Receives ‘Analyst’ Rating

WPX Energy (WPX) : Zacks Investment Research ranks WPX Energy (WPX) as 3, which is a Hold recommendation. 10 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 18 research analysts is 1.89, which indicates as a Buy.

WPX Energy (WPX) : Currently there are 18 street experts covering WPX Energy (WPX) stock. The most bullish and bearish price target for the stock is $19 and $7 respectively for the short term. The average price target of all the analysts comes to $12.94. The estimated standard deviation from the target is $3.62.


Also, Equity Analysts at the Brokerage Firm, Susquehanna, maintains their rating on the shares of WPX Energy (NYSE:WPX). Susquehanna has a Positive rating on the shares. As per the latest research report, the brokerage house raises the price target to $18 per share from a prior target of $15. The rating by the firm was issued on September 9, 2016.

WPX Energy (NYSE:WPX): The stock was completely flat for the day, closing at $12.08 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $12.19, the stock touched an intraday high of $12.43 and a low of $12.06. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $12.08. The total trading volume on Thursday was 6,590,303.

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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