CIBC World Markets Inc. purchased a new stake in WPX Energy, Inc. Prelude Cap Management Limited Liability Company holds 0.34% or 191,173 shares in its portfolio.
According to WPX Energy, Inc.
Several other large investors have also modified their holdings of WPX. Analysts, on average, seem bullish as they suggest HL is worth $0.82 more, giving a target price of $5.88 a share. HL is down around 8.89% from its 12-month high of $4.61 notched on Mar 14, 2017 but is -50.99% above its highest point the past 12 months of $7.64 a share. Stephens Inc. AR raised its stake in shares of WPX Energy by 1.1% in the third quarter. Nasdaq.com's article titled: "Increased Earnings Estimates Seen for WPX Energy (WPX): Can It Move Higher?" and published on September 19, 2017 is yet another important article. During last 3 month period, 3.07% of total institutional ownership has changed in the company shares. Meadow Creek Investment Management LLC now owns 10,816 shares of the oil and gas producer's stock worth $145,000 after acquiring an additional 2,640 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of WPX Energy by 5.4% in the third quarter. Capital Advisors Inc. OK increased its position in shares of WPX Energy by 2.0% during the 2nd quarter. This continues to be an interesting story, and we look forward to updating it again soon on WPX Energy, Inc.
In related news, insider Clay M. Gaspar sold 35,000 shares of the firm's stock in a transaction on Friday, September 15th.
The stock of Wpx Energy Incorporated (NYSE:WPX) registered an increase of 4.66% in short interest. Bank & Trust Of America Corporation De invested 0% of its portfolio in AVX Corporation (NYSE:AVX). The stock was trading at a distance of -34.01% from its 52-week highs and stands 27.18% away from its 52-week lows.
A number of analysts have issued reports on WPX shares. The firm had revenue of $413.00 million during the quarter, compared to analyst estimates of $301.78 million. WPX Energy's revenue for the quarter was down 77.1% on a year-over-year basis. They expect $-0.15 EPS, up 11.76 % or $0.02 from last year's $-0.17 per share. Equities research analysts forecast that WPX Energy will post ($0.51) EPS for the current fiscal year.
In the market the company is trading unchanged by 0.00%% since yesterday's close of 49.65. Cowen and Company upgraded shares of WPX Energy from a "market perform" rating to an "outperform" rating and cut their target price for the stock from $15.00 to $14.00 in a research report on Thursday, June 22nd.
Among 28 analysts covering WPX Energy (NYSE:WPX), 22 have Buy rating, 1 Sell and 5 Hold.
On Monday, Shares of WPX Energy, Inc. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. The stock presently has an average rating of "Buy" and a consensus target price of $15.80. The share price was last seen 1.15% higher, reaching at $18.53 on Sep. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Of those transactions, there were 570,280 shares of WPX bought and 379,403 shares sold. The shares were acquired at an average cost of $13.35 per share, for a total transaction of $267,000.00. It also upped Conocophillips (NYSE:COP) stake by 9,178 shares and now owns 29,178 shares. The disclosure for this purchase can be found here.
WPX Energy, Inc.WPX is an independent oil and natural gas exploration and production company that could be an interesting play for investors. The Company is involved in the exploitation and development of long-life unconventional properties. It operates in the exploration and production segment of the gas and oil industry and its activities are conducted in the United States. So, investors may want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
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