WPX Energy (WPX) : Traders are bullish on WPX Energy (WPX) as it has outperformed the S&P 500 by a wide margin of 2.18% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.12%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.66% in the last 1 week, and is up 6.65% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 6.6% and the 50-Day Moving Average is 4.7%.
WPX Energy (NYSE:WPX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.18 and $10.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.11, notching a gain of 0.30% for the day. The total traded volume was 5,255,158 . The stock had closed at $10.08 on the previous day.
The company Insiders own 1.2% of WPX Energy shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 2.59% . Institutional Investors own 78.97% of WPX Energy shares. During last six month period, the net percent change held by insiders has seen a change of 6.14%. In a related news, The Securities and Exchange Commission has divulged that Faulkner Stephen L Jr, officer (VP and Controller) of Wpx Energy, Inc., had unloaded 5,000 shares at an average price of $9.88 in a transaction dated on June 13, 2016. The total value of the transaction was worth $49,400.
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.