WPX Energy, Inc. (WPX) Can’t Be More Hot. Just Reaches 52-Week High

April 19, 2018 - By wolcottdaily

WPX Energy, Inc. (NYSE:WPX) Logo

Investors sentiment decreased to 1.04 in 2017 Q4. Its down 0.25, from 1.29 in 2017Q3. It worsened, as 32 investors sold WPX Energy, Inc. shares while 105 reduced holdings. 57 funds opened positions while 85 raised stakes. 381.83 million shares or 0.86% less from 385.12 million shares in 2017Q3 were reported.
Brandywine Mgmt Limited Com owns 0.08% invested in WPX Energy, Inc. (NYSE:WPX) for 993,133 shares. State Of Tennessee Treasury Department, a Tennessee-based fund reported 899,604 shares. Pitcairn has invested 0.04% in WPX Energy, Inc. (NYSE:WPX). First Trust Advsr Limited Partnership holds 0.02% or 720,633 shares. Omega Advisors holds 2.41% or 4.57M shares. Tci Wealth Advsr holds 830 shares or 0.01% of its portfolio. Tctc Hldgs Ltd Limited Liability Company invested 0.23% in WPX Energy, Inc. (NYSE:WPX). Citadel Advsr Ltd invested in 6.00M shares. Glg Limited Liability Company has 200,000 shares. Gagnon Advisors Ltd Limited Liability Company invested in 471,321 shares. Waddell Reed Financial has 0.1% invested in WPX Energy, Inc. (NYSE:WPX) for 3.08M shares. 113,911 are owned by Metropolitan Life Ins New York. Highlander Management Lc accumulated 5,111 shares. Great Lakes Advisors Ltd Limited Liability Company has 0.08% invested in WPX Energy, Inc. (NYSE:WPX) for 260,904 shares. Virginia Retirement Sys Et Al holds 34,084 shares.

The stock of WPX Energy, Inc. (NYSE:WPX) hit a new 52-week high and has $17.27 target or 4.00 % above today’s $16.61 share price. The 9 months bullish chart indicates low risk for the $6.63 billion company. The 1-year high was reported on Apr, 19 by Barchart.com. If the $17.27 price target is reached, the company will be worth $265.32 million 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 0.64% or $0.105 during the last trading session, reaching $16.605. About 6.78 million shares traded. WPX Energy, Inc. (NYSE:WPX) has risen 11.34% since April 19, 2017 and is uptrending. It has underperformed by 0.21% the S&P500.

Analysts await WPX Energy, Inc. (NYSE:WPX) to report earnings on May, 2 after the close. They expect $-0.02 EPS, up 86.67 % or $0.13 from last year’s $-0.15 per share. After $-0.02 actual EPS reported by WPX Energy, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

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

Among 19 analysts covering WPX Energy (NYSE:WPX), 17 have Buy rating, 0 Sell and 2 Hold. Therefore 89% are positive. WPX Energy has $2900 highest and $14.0 lowest target. $19.22’s average target is 15.75% above currents $16.605 stock price. WPX Energy had 32 analyst reports since November 1, 2017 according to SRatingsIntel. On Thursday, February 1 the stock rating was upgraded by Goldman Sachs to “Buy”. The stock of WPX Energy, Inc. (NYSE:WPX) earned “Buy” rating by SunTrust on Thursday, January 18. BMO Capital Markets maintained it with “Buy” rating and $20.0 target in Monday, February 26 report. The firm has “Buy” rating given on Wednesday, November 1 by SunTrust. The rating was maintained by Susquehanna on Wednesday, January 17 with “Buy”. The stock of WPX Energy, Inc. (NYSE:WPX) has “Buy” rating given on Thursday, January 11 by BMO Capital Markets. On Thursday, November 16 the stock rating was upgraded by Citigroup to “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, March 28. The stock has “Outperform” rating by Robert W. Baird on Tuesday, December 19. The rating was upgraded by PiperJaffray on Wednesday, April 11 to “Overweight”.

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 $6.63 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.

WPX Energy, Inc. (NYSE:WPX) Institutional Positions Chart

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