WPX Energy (WPX) : Thursdays money flow data in WPX Energy (WPX) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $14.17 million, whereas, $10.91 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.3, in favor of the bulls. The total money flow into the stock was $3.26 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $1.61 million. The total value of block trades done on upticks was $3.25 million. The value of bearish trades on downticks was only $1.64 million.The up/down ratio in the block trades was a healthy 1.99 in favor of the bulls, suggesting strong buying in the stock by large traders. WPX Energy (WPX) fell $0.25 and traded at $9.26, down -2.63% for the day, over previous days close. On a weekly basis, the shares are -3.94% over the previous weeks close.
WPX Energy (WPX) : The consensus price target for WPX Energy (WPX) is $11 for the short term with a standard deviation of $3.16. The most optimist securities analyst among the 18 who monitor the stock believes that the stock can reach $18, however, the pessimist price target for the company is $5. The stock has recorded a 20-day Moving Average of 3.16% and the 50-Day Moving Average is 3.35%.
WPX Energy (NYSE:WPX): The stock opened at $9.69 on Thursday but the bulls could not build on the opening and the stock topped out at $9.88 for the day. The stock traded down to $9.09 during the day, due to lack of any buying support eventually closed down at $9.26 with a loss of -2.63% for the day. The stock had closed at $9.51 on the previous day. The total traded volume was 10,055,259 shares.
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.