WPX Energy, Inc. (NYSE:WPX) stock is presently standing at about $12.40 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 24 analysts covering the company is $18.00, which suggests the stock could still rise over 31 percent. The highest analyst price target is $24.00, which implies a rally of 6 percent. And a quick view of analyst notes show that 14 are rating the stock a buy while 5 rate WPX a strong buy. There are 5 equity research firms advocating a Hold and 0 consider it Sell.
Deutsche Bank analysts provided their view on WPX Energy, Inc. (NYSE:WPX) recently. The rating firm issued a Buy rating to this company in a research note released on Nov 28, 2016. Barclays analysts disclosed their opinion on WPX Energy, Inc. (NYSE:WPX) recently. The rating firm gave a Equal Weight rating to this stock in a research note published on Oct 17, 2016. According to a research note disclosed on Jul 21, 2016, analysts at Robert W. Baird have upped their rating on these shares from Neutral to Outperform.
WPX Energy, Inc. (NYSE:WPX) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its President and CEO Muncrief Richard E Purchased 20,000 company shares for 267000, in a transaction on 2017-01-12. Following the transaction, the President and CEO is left with a stake of 732,481 shares, currently valued at $9082764. Meanwhile, Director LOWRIE WILLIAM G purchased 5,000 shares worth $66750, through a transaction dated 2017-01-12. Following the completion of the transaction, the insider is left with a stake of 242,076 shares, amounting $3001742.4. WPX Director KINDICK KELT also purchased 10,000 shares, at a stock price of $13.35. This transaction occurred on 2017-01-12 totals $133500. After this transaction, the insider’s stake stands at 103,626 shares, with a market value of $1284962.
Executives hold 1.01 percent of the stock. Richard E. Muncrief is one of the biggest insider owners in WPX Energy, Inc. (NYSE:WPX), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 928,927 shares which have current market value of around $11518694.8.Clay M. Gaspar is another major inside shareholder in the company. The insider owns 541,326 shares as of 0.14%, currently worth $6712442.4. Mr. J. Kevin Vann is ranked as third insider holder of the stock. This insider holds 288,698 shares with a market value around $3579855.2 as of recent close.
WPX Energy, Inc. (NYSE:WPX) Earnings Outlook
In WPX Energy, Inc. (NYSE:WPX)’s latest quarter, EPS moved to $-0.16 from $-0.17 in preceding quarter and revenues reached at $88.00M compared to $251.00M. Analysts had expected WPX Energy, Inc. (NYSE:WPX) to post net income of about $-0.15 per share on $281.32M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.24 to $-0.14. That is compared with the $-0.21 in EPS it reported during the same period a year ago.