Notable Price Action: WPX Energy Inc Sets 52-Week High; Strong Momentum for Holders

Notable Price Action: WPX Energy Inc Sets 52 Week High; Strong Momentum for Holders

The stock of WPX Energy Inc (NYSE:WPX) hit a new 52-week high and has $15.30 target or 6.00% above today’s $14.43 share price. The 9 months bullish chart indicates low risk for the $4.75B company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $15.30 price target is reached, the company will be worth $285.00 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. About 5.99 million shares traded hands. WPX Energy Inc (NYSE:WPX) has risen 31.53% since April 27, 2016 and is uptrending. It has outperformed by 26.31% 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), 15 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 71% are positive. $18 is the highest target while $4 is the lowest. The $11.68 average target is -19.06% below today’s ($14.43) stock price. WPX Energy has been the topic of 58 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Susquehanna initiated the shares of WPX in a report on Friday, October 30 with “Positive” rating. The firm has “Outperform” rating given on Tuesday, April 19 by Imperial Capital. The rating was maintained by Citigroup with “Neutral” on Monday, May 16. The rating was upgraded by Robert W. Baird on Thursday, July 21 to “Outperform”. As per Thursday, June 23, the company rating was maintained by Imperial Capital. The firm earned “Buy” rating on Wednesday, April 6 by Wunderlich. The stock has “Buy” rating given by Deutsche Bank on Monday, November 28. The stock of WPX Energy Inc (NYSE:WPX) earned “Neutral” rating by Citigroup on Tuesday, September 22. The firm has “Buy” rating given on Tuesday, January 12 by Guggenheim. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, June 14.

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 turned negative, 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.
Dimensional Fund Lp last reported 15.15 million shares in the company. Ameriprise Financial has 0.02% invested in the company for 3.88M shares. Acadian Asset Management Ltd Limited Liability Company has 9,837 shares for 0% of their US portfolio. Da Davidson Co holds 6,029 shares or 0% of its portfolio. Hbk Investments Lp accumulated 0.17% or 2.23M shares. Royal Bankshares Of Canada accumulated 0% or 74,096 shares. Fifth Third Natl Bank has invested 0% of its portfolio in WPX Energy Inc (NYSE:WPX). Moreover, State Teachers Retirement Sys has 0.01% invested in WPX Energy Inc (NYSE:WPX) for 358,410 shares. Swiss Bancorporation has 0.01% invested in the company for 533,000 shares. Hightower Limited Liability Company, a Illinois-based fund reported 10,532 shares. Adage Capital Ptnrs Gru Lc reported 800,000 shares or 0.02% of all its holdings. The New York-based Horizon Kinetics Ltd has invested 0.02% in WPX Energy Inc (NYSE:WPX). Us Bank & Trust De accumulated 20,503 shares or 0% of the stock. Moreover, California State Teachers Retirement Sys has 0.01% invested in WPX Energy Inc (NYSE:WPX) for 600,634 shares. The New York-based Msd Prns Lp has invested 1.34% in WPX Energy Inc (NYSE:WPX).

Insider Transactions: Since June 6, 2016, the stock had 2 buys, and 1 sale for $248,510 net activity. Muncrief Richard E also bought $199,920 worth of WPX Energy Inc (NYSE:WPX) shares. Another trade for 10,000 shares valued at $98,000 was made by LOWRIE WILLIAM G on Monday, June 6. FAULKNER STEPHEN L JR sold 5,000 shares worth $49,410.

Another recent and important WPX Energy Inc (NYSE:WPX) news was published by Seekingalpha.com which published an article titled: “WPX Energy, Callon Petroleum rated Buy at Deutsche Bank” on November 28, 2016.

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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