Gagnon Advisors adds WPX Energy Inc (WPX) to its portfolio

WPX Energy Inc (WPX) : Gagnon Advisors added new position in WPX Energy Inc during the most recent quarter end. The investment management firm now holds 240,157 shares of WPX Energy Inc which is valued at $2,634,522 , the company said in a statement filed on Aug 10, 2016 with the SEC.WPX Energy Inc makes up approximately 2.09% of Gagnon Advisors’s portfolio.

Other Hedge Funds, Including , Homrich Berg reduced its stake in WPX by selling 19,962 shares or 23.2% in the most recent quarter. The Hedge Fund company now holds 66,075 shares of WPX which is valued at $724,843. WPX Energy Inc makes up approx 0.07% of Homrich Berg’s portfolio.Heartland Advisors Inc reduced its stake in WPX by selling 2,585,206 shares or 53.06% in the most recent quarter. The Hedge Fund company now holds 2,287,097 shares of WPX which is valued at $22,848,099. WPX Energy Inc makes up approx 1.22% of Heartland Advisors Inc’s portfolio.Agf Investments boosted its stake in WPX in the latest quarter, The investment management firm added 197,252 additional shares and now holds a total of 1,359,997 shares of WPX Energy Inc which is valued at $12,987,971. WPX Energy Inc makes up approx 0.14% of Agf Investments’s portfolio. Capital Fund Management S.a. added WPX to its portfolio by purchasing 142,643 company shares during the most recent quarter which is valued at $1,316,595. WPX Energy Inc makes up approx 0.02% of Capital Fund Management S.a.’s portfolio.Louisiana State Employees Retirement System boosted its stake in WPX in the latest quarter, The investment management firm added 8,800 additional shares and now holds a total of 73,700 shares of WPX Energy Inc which is valued at $680,251. WPX Energy Inc makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio.

WPX Energy Inc opened for trading at $12.11 and hit $12.45 on the upside on Friday, eventually ending the session at $12.36, with a gain of 1.23% or 0.15 points. The heightened volatility saw the trading volume jump to 1,30,08,453 shares. Company has a market cap of $4,256 M.

On the company’s financial health, WPX Energy Inc reported $-0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $-0.20. The company had revenue of $495.00 million for the quarter, compared to analysts expectations of $464.79 million. The company’s revenue was down -56.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on WPX Energy Inc. Company shares were Upgraded by Robert W. Baird on Jul 21, 2016 to ” Outperform”, Firm has raised the Price Target to $ 12 from a previous price target of $8 .WPX Energy Inc was Upgraded by Goldman to ” Buy” on Jul 6, 2016. Company shares were Reiterated by Imperial Capital on Jun 23, 2016 to “Outperform”, Firm has raised the Price Target to $ 13 from a previous price target of $11 .

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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