Brokerage Firm Rating Update on WPX Energy (WPX)

WPX Energy (WPX) has an average broker rating of 1.89, which is interpreted as a Buy, as rated by 18 equity analysts. Nonetheless, 10 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

WPX Energy (WPX) : 17 Wall Street analysts covering WPX Energy (WPX) believe that the average level the stock could reach for the short term is $12.12. The maximum price target given is $19 and the minimum target for short term is around $7, hence the standard deviation is calculated at $3.04.


For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Barclays maintains its rating on WPX Energy (NYSE:WPX). As per the latest information, the brokerage house raises the price target to $9 per share from a prior target of $7.5. The shares have been rated Underweight. The rating by the firm was issued on September 1, 2016.

WPX Energy (NYSE:WPX): The stock opened at $13.51 and touched an intraday high of $13.7 on Wednesday. During the day, the stock corrected to an intraday low of $13.36, however, the bulls stepped in and pushed the price higher to close in the green at $13.55 with a gain of 0.97% for the day. The total traded volume for the day was 8,397,055. The stock had closed at $13.42 in the previous trading session.

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.

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