WPX Energy (WPX) : 19 analysts are covering WPX Energy (WPX) and their average rating on the stock is 1.95, which is read as a Buy. 10 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. WPX Energy (WPX) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
WPX Energy (WPX) : Currently there are 18 street experts covering WPX Energy (WPX) stock. The most bullish and bearish price target for the stock is $18 and $5 respectively for the short term. The average price target of all the analysts comes to $11. The estimated standard deviation from the target is $3.16.
WPX Energy (NYSE:WPX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.14 and $9.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.51, notching a gain of 5.08% for the day. The total traded volume was 14,579,288 . The stock had closed at $9.05 on the previous day.
Also, Brokerage firm Deutsche Bank maintains its rating on WPX Energy (NYSE:WPX). As per the latest information, the brokerage house raises the price target to $12 per share from a prior target of $11. The shares have been rated Hold. The rating by the firm was issued on June 14, 2016. The company shares have dropped -18.98% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $11.96 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.84 and the 200 Day Moving Average price is recorded at $7.05.
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.