Barclays Maintains WPX Energy Inc to Underweight with Price Target $6.00

Brokerage firm Barclays Maintains its rating on WPX Energy Inc(NYSE:WPX). In a research note issued to the investors, the brokerage major Raises the price-target to $6.00 per share. The shares have been rated Underweight. The rating by Barclays was issued on Jul 14, 2016.

In a different note, On Jul 6, 2016, Goldman Sachs said it Upgrades its rating on WPX Energy Inc. In the research note, the firm Raises the price-target to $10.50 per share. The shares have been rated ‘Buy’ by the firm. On Jun 14, 2016, Deutsche Bank said it Maintains its rating on WPX Energy Inc. In the research note, the firm Raises the price-target to $11.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 7, 2016, Seaport Global said it Upgrades its rating on WPX Energy Inc. The shares have been rated ‘Neutral’ by the firm. 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.

WPX Energy Inc (WPX) made into the market gainers list on Mondays trading session with the shares advancing 0.40% or 0.04 points. Due to strong positive momentum, the stock ended at $10.15, which is also near the day’s high of $10.21. The stock began the session at $9.98 and the volume stood at 51,90,894 shares. The 52-week high of the shares is $11.59 and the 52 week low is $2.53. The company has a current market capitalization of $2,808 M and it has 27,66,41,970 shares in outstanding.

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 Jun 15, 2016, Stephen L Jr Faulkner (VP and Controller) sold 5,000 shares at $9.88 per share price.Also, On Jun 8, 2016, Richard E Muncrief (CEO) purchased 20,400 shares at $9.80 per share price.On Jun 8, 2016, William G Lowrie (director) purchased 10,000 shares at $9.80 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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