In today’s session WPX Energy Inc (WPX) recorded an unusually high (150) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious WPX decrease. With 150 contracts traded and 8694 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: WPX161021P00012000 closed last at: $0.25 or 25% up. About 1.47 million shares traded hands. WPX Energy Inc (NYSE:WPX) has risen 103.85% since March 7, 2016 and is uptrending. It has outperformed by 96.25% the S&P500.
Analysts await WPX Energy Inc (NYSE:WPX) to report earnings on November, 2. They expect $-0.17 earnings per share, 0.00% or $0.00 from last year’s $-0.17 per share. After $-0.28 actual earnings per share reported by WPX Energy Inc for the previous quarter, Wall Street now forecasts -39.29% EPS growth.
WPX Energy Inc (NYSE:WPX) Ratings Coverage
Out of 19 analysts covering WPX Energy (NYSE:WPX), 12 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 63% are positive. $18 is the highest target while $4 is the lowest. The $11.19 average target is -14.38% below today’s ($13.07) stock price. WPX Energy has been the topic of 54 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Tuesday, March 29 by Goldman Sachs. The firm has “Positive” rating given on Friday, October 30 by Susquehanna. The stock has “Overweight” rating given by Capital One on Tuesday, February 9. On Thursday, June 23 the stock rating was maintained by Imperial Capital with “Outperform”. TheStreet downgraded the shares of WPX in a report on Saturday, August 29 to “Hold” rating. The stock of WPX Energy Inc (NYSE:WPX) earned “Outperform” rating by Imperial Capital on Tuesday, April 19. Deutsche Bank maintained WPX Energy Inc (NYSE:WPX) rating on Friday, March 11. Deutsche Bank has “Hold” rating and $7 price target. Barclays Capital maintained WPX Energy Inc (NYSE:WPX) rating on Thursday, September 1. Barclays Capital has “Underweight” rating and $9 price target. Oppenheimer maintained WPX Energy Inc (NYSE:WPX) on Wednesday, August 19 with “Hold” rating. As per Wednesday, October 14, the company rating was initiated by Imperial Capital.
According to Zacks Investment Research, “WPX Energy, Inc. is a natural gas and oil company focused on the exploitation and development of unconventional properties. The Company has oil and gas properties particularly in the Piceance Basin, Bakken Shale and Marcellus Shale. WPX Energy, Inc. is based in Tulsa, Oklahoma.”
Insitutional Activity: The institutional sentiment increased to 1.5 in Q2 2016. Its up 0.49, from 1.01 in 2016Q1. The ratio improved, as 41 funds sold all WPX Energy Inc shares owned while 70 reduced positions. 62 funds bought stakes while 105 increased positions. They now own 315.94 million shares or 22.60% more from 257.71 million shares in 2016Q1.
Pinnacle Llc holds 0% or 4,630 shares in its portfolio. The Ohio-based Winfield Assocs has invested 0% in WPX Energy Inc (NYSE:WPX). Tci Wealth Advsr last reported 509 shares in the company. Wellington Grp Limited Liability Partnership, a Massachusetts-based fund reported 30.84M shares. Henderson Grp Inc Public Limited has 0.03% invested in the company for 416,648 shares. Ladenburg Thalmann Service holds 0% of its portfolio in WPX Energy Inc (NYSE:WPX) for 2,417 shares. Shapiro Capital Ltd Com last reported 15.85M shares in the company. Private Advisor Limited Liability Company has invested 0.01% of its portfolio in WPX Energy Inc (NYSE:WPX). Amalgamated State Bank has invested 0.03% of its portfolio in WPX Energy Inc (NYSE:WPX). Delta Asset Mngmt Limited Co Tn reported 349 shares or 0% of all its holdings. Manchester Capital Limited Liability Com holds 0.01% of its portfolio in WPX Energy Inc (NYSE:WPX) for 6,000 shares. Moreover, Eqis Capital has 0.01% invested in WPX Energy Inc (NYSE:WPX) for 21,295 shares. Verition Fund Mngmt Limited Liability Company holds 14,808 shares or 0.02% of its portfolio. Blackrock Investment Mgmt Ltd Co has 0.01% invested in the company for 818,641 shares. The Florida-based Raymond James Svcs Advisors Inc has invested 0.01% in WPX Energy Inc (NYSE:WPX).
Insider Transactions: Since June 6, 2016, the stock had 2 buys, and 1 insider sale for $248,510 net activity. $199,920 worth of shares were bought by Muncrief Richard E on Monday, June 6. On Monday, June 13 FAULKNER STEPHEN L JR sold $49,410 worth of the stock or 5,000 shares. LOWRIE WILLIAM G bought 10,000 shares worth $98,000.
WPX Energy, Inc. is an independent oil and natural gas exploration and production company. The company has a market cap of $4.29 billion. The Firm is engaged in the exploitation and development of long-life unconventional properties. It currently has negative earnings. It is engaged in the domestic development, production and gas management activities of oil, natural gas and natural gas liquids segment.
WPX Company Profile
WPX Energy, Inc., incorporated on April 19, 2011, is an independent oil and natural gas exploration and production company. The Firm is engaged in the exploitation and development of long-life unconventional properties. The Company’s segment is the domestic development, production and gas management activities of oil, natural gas and natural gas liquids (NGLs). The Firm is focused on exploiting and developing its oil positions in the Williston Basin in North Dakota, and the Permian and San Juan Basins in the southwestern United States. The Firm operates approximately 700 wells in the Permian Basin and also owns interests in over 960 wells operated by others. The Firm holds approximately 94,000 net acres in the Permian Basin, and specifically in the Delaware Basin sub-area, with core activities located in Eddy, Lea and Chaves Counties in New Mexico and Loving, Pecos, Reeves, Ward and Winkler Counties in Texas.
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