Seaport Global Upgrades WPX Energy Inc to Neutral

Brokerage firm Seaport Global Upgrades its rating on WPX Energy Inc(NYSE:WPX). The shares have been rated Neutral. Previously, the analysts had a Sell rating on the shares. The rating by Seaport Global was issued on Jun 7, 2016.

In a different note, On May 16, 2016, Citigroup said it Maintains its rating on WPX Energy Inc. In the research note, the firm Raises the price-target to $7.50 per share. The shares have been rated ‘Neutral’ by the firm. On May 5, 2016, iBERIA Capital Partners said it Upgrades its rating on WPX Energy Inc. In the research note, the firm Raises the price-target to $7.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 19, 2016, Imperial Capital said it Maintains its rating on WPX Energy Inc. In the research note, the firm Raises the price-target to $5.50 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 7, 2016, Citigroup said it Maintains its rating on WPX Energy Inc. In the research note, the firm Raises the price-target to $5.50 per share. The shares have been rated ‘Neutral’ by the firm. Wunderlich said it Initiates Coverage on WPX Energy Inc, according to a research note issued on Apr 6, 2016. The shares have been rated ‘Buy’ by the firm. Drexel Hamilton said it Initiates Coverage on WPX Energy Inc, according to a research note issued on Apr 5, 2016. The shares have been rated ‘Buy’ by the firm.

WPX Energy Inc (WPX) shares turned negative on Fridays trading session with the shares closing down -0.63 points or -5.92% at a volume of 1,01,27,669. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.68. The peak price level was also seen at $10.68 while the days lowest was $9.995. Finally the shares closed at $10.01. The 52-week high of the shares is $13.73 while the 52-week low is $2.53. According to the latest information available, the market cap of the company is $2,769 M.

WPX Energy Inc(WPX) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $216.00M. Analysts had an estimated revenue of $278.57M. Earnings per share were $-0.21. Analysts had estimated an EPS of $-0.20.

Several Insider Transactions has been reported to the SEC. On Mar 7, 2016, William G Lowrie (director) purchased 2,500 shares at $4.92 per share price.Also, On Oct 5, 2015, Bryan K Guderian (Senior Vice President) purchased 5,000 shares at $10.10 per share price.On Aug 26, 2015, Dennis C Cameron (SVP and General Counsel) purchased 1,800 shares at $5.50 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.

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