WPX Energy Inc (WPX) is Upgraded by Barclays to Equal Weight, Raises Price Target to $ 13

WPX Energy Inc (WPX) was Upgraded by Barclays to ” Equal Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 13 from a previous price target of $9 . Earlier the firm had a rating of “Underweight ” on the company shares. Barclays advised their investors in a research report released on Oct 17, 2016.

Many Wall Street Analysts have commented on WPX Energy Inc. FBR & Co. Initiated WPX Energy Inc on Oct 11, 2016 to “Outperform”, Price Target of the shares are set at $16.Company shares were Reiterated by Wunderlich on Oct 3, 2016 to “Buy”, Firm has raised the Price Target to $ 17 from a previous price target of $14 .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 .

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.

WPX Energy Inc closed down -0.1 points or -0.80% at $12.43 with 50,15,969 shares getting traded on Friday. Post opening the session at $12.81, the shares hit an intraday low of $12.355 and an intraday high of $12.91 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 15, 2016, Stephen L Jr Faulkner (VP and Controller) sold 5,000 shares at $9.88 per share price. According to the SEC, on Jun 8, 2016, Richard E Muncrief (CEO) purchased 20,400 shares at $9.80 per share price. On Jun 8, 2016, William G Lowrie (director) purchased 10,000 shares at $9.80 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

WPX Energy Inc

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