Is WPX Energy Inc’s Latest Move For Real? The Stock Was Sold By Option Traders Today

 Is WPX Energy Inc's Latest Move For Real? The Stock Was Sold By Option Traders Today

In today’s session WPX Energy Inc (WPX) recorded an unusually high (4,011) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious WPX decrease. With 4,011 contracts traded and 12214 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: WPX161216P00011000 closed last at: $0.25 or 25% up. About 1.79 million shares traded hands. WPX Energy Inc (NYSE:WPX) has risen 56.16% since April 22, 2016 and is uptrending. It has outperformed by 50.75% the S&P500.

Analysts await WPX Energy Inc (NYSE:WPX) to report earnings on February, 22. They expect $-0.17 EPS, down 30.77% or $0.04 from last year’s $-0.13 per share. After $-0.17 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

Out of 21 analysts covering WPX Energy (NYSE:WPX), 14 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 67% are positive. WPX Energy has been the topic of 57 analyst reports since July 21, 2015 according to StockzIntelligence Inc. JP Morgan maintained the stock with “Overweight” rating in Tuesday, March 15 report. Barclays Capital upgraded the stock to “Equal Weight” rating in Monday, October 17 report. Robert W. Baird upgraded WPX Energy Inc (NYSE:WPX) rating on Thursday, July 21. Robert W. Baird has “Outperform” rating and $12 price target. The stock has “Sell” rating given by Seaport Global on Wednesday, March 30. The rating was maintained by Oppenheimer on Tuesday, September 1 with “Market Perform”. Goldman Sachs upgraded it to “Buy” rating and $14.75 target price in Wednesday, July 6 report. Barclays Capital maintained it with “Underweight” rating and $9 target price in Thursday, September 1 report. The firm has “Equal Weight” rating by CapitalOne given on Tuesday, January 19. The company was initiated on Tuesday, September 22 by Citigroup. The company was downgraded on Monday, January 11 by Barclays 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 decreased to 1.12 in 2016 Q2. Its down 0.38, from 1.5 in 2016Q1. The ratio dived, 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.
Sei Invs, a Pennsylvania-based fund reported 7,501 shares. Blue Bell Private Wealth Llc holds 687 shares or 0% of its portfolio. Eqis Capital Management reported 21,295 shares or 0.01% of all its holdings. Discovery Mngmt Lc Ct has invested 1.87% of its portfolio in WPX Energy Inc (NYSE:WPX). Credit Suisse Ag, a Switzerland-based fund reported 569,633 shares. Spark Investment Mngmt Lc last reported 0.74% of its portfolio in the stock. Fifth Third Natl Bank, a Ohio-based fund reported 2,727 shares. Hartford Financial Mgmt holds 0.01% or 1,000 shares in its portfolio. The Pennsylvania-based Veritable L P has invested 0% in WPX Energy Inc (NYSE:WPX). Capstone Asset Mngmt Comm last reported 0.01% of its portfolio in the stock. Moreover, North Star Mngmt Corp has 0% invested in WPX Energy Inc (NYSE:WPX) for 33 shares. State Board Of Administration Of Florida Retirement Systems has 370,169 shares for 0.01% of their US portfolio. Shapiro Capital Mngmt Ltd has invested 0% of its portfolio in WPX Energy Inc (NYSE:WPX). Mariner Wealth Ltd Liability owns 92,995 shares or 0.05% of their US portfolio. The New York-based Cornerstone Cap Ltd has invested 0.01% in WPX Energy Inc (NYSE:WPX).

Insider Transactions: Since June 6, 2016, the stock had 2 insider purchases, and 1 sale for $248,510 net activity. The insider FAULKNER STEPHEN L JR sold $49,410. Another trade for 10,000 shares valued at $98,000 was bought by LOWRIE WILLIAM G. Shares for $199,920 were bought by Muncrief Richard E on Monday, June 6.

WPX Energy, Inc. is an independent oil and natural gas exploration and production company. The company has a market cap of $4.64 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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