Is WPX Energy, Inc. (WPX) a Buy? The Stock Reaches 52-Week High Today

January 23, 2018 - By Dolores Ford

Investors sentiment decreased to 1.29 in 2017 Q3. Its down 0.15, from 1.44 in 2017Q2. It is negative, as 36 investors sold WPX Energy, Inc. shares while 82 reduced holdings. 34 funds opened positions while 118 raised stakes. 385.12 million shares or 1.57% more from 379.18 million shares in 2017Q2 were reported.
Bankshares Of New York Mellon Corporation reported 4.64M shares. 47,340 were accumulated by Engineers Gate Manager Ltd Partnership. Evercore Wealth Mngmt Limited Liability Com has invested 0% in WPX Energy, Inc. (NYSE:WPX). Shelton Mngmt stated it has 29,753 shares or 0.03% of all its holdings. Moreover, Twin Tree L P has 0.02% invested in WPX Energy, Inc. (NYSE:WPX) for 177,420 shares. Hudock Capital Group Ltd Company has 105 shares. Amalgamated Fincl Bank holds 0.03% or 72,513 shares in its portfolio. Manufacturers Life Ins The reported 585,369 shares. Metropolitan Life Insurance New York owns 374,240 shares or 0.03% of their US portfolio. Texas Permanent School Fund holds 0.04% of its portfolio in WPX Energy, Inc. (NYSE:WPX) for 290,451 shares. Deutsche Bancorp Ag, a Germany-based fund reported 3.38M shares. Bancshares Of Montreal Can stated it has 0% of its portfolio in WPX Energy, Inc. (NYSE:WPX). Whittier Trust Of Nevada holds 0% of its portfolio in WPX Energy, Inc. (NYSE:WPX) for 2,975 shares. Pitcairn has 29,173 shares. 469,889 are held by Gagnon Advsrs Ltd Liability Corp.

Since September 15, 2017, it had 0 insider purchases, and 1 sale for $366,765 activity.

The stock of WPX Energy, Inc. (NYSE:WPX) hit a new 52-week high and has $16.72 target or 8.00 % above today’s $15.48 share price. The 8 months bullish chart indicates low risk for the $6.16 billion company. The 1-year high was reported on Jan, 23 by Barchart.com. If the $16.72 price target is reached, the company will be worth $493.04M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.72% or $0.11 during the last trading session, reaching $15.48. About 4.50M shares traded. WPX Energy, Inc. (NYSE:WPX) has risen 29.74% since January 23, 2017 and is uptrending. It has outperformed by 13.04% the S&P500.

Analysts await WPX Energy, Inc. (NYSE:WPX) to report earnings on February, 28. They expect $-0.07 earnings per share, up 56.25 % or $0.09 from last year’s $-0.16 per share. After $-0.10 actual earnings per share reported by WPX Energy, Inc. for the previous quarter, Wall Street now forecasts -30.00 % EPS growth.

WPX Energy, Inc. (NYSE:WPX) Ratings Coverage

Among 31 analysts covering WPX Energy (NYSE:WPX), 26 have Buy rating, 0 Sell and 5 Hold. Therefore 84% are positive. WPX Energy had 104 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, September 15 by Cowen & Co. The firm has “Neutral” rating by Citigroup given on Friday, October 13. The stock of WPX Energy, Inc. (NYSE:WPX) earned “Buy” rating by Wunderlich on Friday, May 6. The stock of WPX Energy, Inc. (NYSE:WPX) earned “Buy” rating by Goldman Sachs on Wednesday, July 6. SunTrust initiated WPX Energy, Inc. (NYSE:WPX) rating on Tuesday, December 15. SunTrust has “Buy” rating and $10.0 target. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, October 5. Robert W. Baird upgraded the stock to “Outperform” rating in Thursday, July 21 report. The rating was maintained by Stifel Nicolaus on Wednesday, August 16 with “Buy”. On Tuesday, March 29 the stock rating was maintained by Goldman Sachs with “Neutral”. Stifel Nicolaus initiated WPX Energy, Inc. (NYSE:WPX) rating on Thursday, April 13. Stifel Nicolaus has “Buy” rating and $21.0 target.

WPX Energy, Inc., an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company has market cap of $6.16 billion. The companyÂ’s principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado. It currently has negative earnings. As of December 31, 2016, it had proved reserves of 346 million barrels of oil equivalent.

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