WPX Energy (WPX) Receives Price Target

WPX Energy (WPX) : The highest level WPX Energy (WPX) is projected to reach is $19 for the short term and the lowest estimate is at $7. The consolidated price target from 17 rating analysts who initiate coverage on the stock is $11.91 and the possibility the share price can swing is $3.07.

WPX Energy (WPX) : 10 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 Hold with a rank of 3. 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 18 Wall Street Analysts endorse the stock as a Buy with a rating of 1.89.


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.

WPX Energy (NYSE:WPX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.88 and $11.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.27, notching a gain of 2.25% for the day. The total traded volume was 13,396,645 . The stock had closed at $12.00 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.

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