WPX Energy (WPX) has risen sharply, recording gains of 16.82% in the past 4 weeks. However, the stock has corrected -5.58% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 17.06% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 8.46% and the fifty day Moving Average is 16.13%. WPX Energy, Inc. is up 12.32% in the last three month period. Year-to-Date the stock performance stands at 103.31%.
WPX Energy (WPX) has been rated by 17 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $19 and the lowest price target forecast is $7. The average forecast of all the analysts is $11.91 and the expected standard deviation is $3.07.
WPX Energy (NYSE:WPX): stock turned positive on Friday. Though the stock opened at $11.7, the bulls momentum made the stock top out at $12.1 level for the day. The stock recorded a low of $11.4999 and closed the trading day at $11.67, in the green by 0.60%. The total traded volume for the day was 8,275,132. The stock had closed at $11.6 in the previous days trading.
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.