Revenue Update on WPX Energy Inc(NYSE:WPX)

WPX Energy Inc(NYSE:WPX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $138.00M. Analysts estimated a revenue of $254.46M. Earnings per share were $-0.28. Analysts had estimated an EPS of $-0.21.

In a different note, On Jul 21, 2016, Baird said it Upgrades its rating on WPX Energy Inc. The shares have been rated ‘Outperform’ by the firm. On Jul 14, 2016, Barclays said it Maintains its rating on WPX Energy Inc. In the research note, the firm Raises the price-target to $5.00 per share. The shares have been rated ‘Underweight’ by the firm. 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.

WPX Energy Inc (WPX) made into the market gainers list on Fridays trading session with the shares advancing 1.01% or 0.11 points. Due to strong positive momentum, the stock ended at $10.97, which is also near the day’s high of $11.06. The stock began the session at $10.98 and the volume stood at 91,38,539 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 $3,777 M and it has 34,43,35,600 shares in outstanding.

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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