A statement released earlier today by FBR & Co about WPX Energy Inc (NYSE:WPX) bumps the target price to $16.00
- Updated: October 16, 2016
Reporting a possible upside of 0.25%, FBR & Co increased the price target of WPX Energy Inc (NYSE:WPX) to $16.00
Previously on 09/01/2016, Barclays Capital released a statement about WPX Energy Inc (NYSE:WPX) increased the target price from $7.50 to $9.00. At the time, this indicated a possible downside of -0.25%.
Just yesterday WPX Energy Inc (NYSE:WPX) traded -0.80% lower at $12.79. WPX Energy Inc’s 50-day moving average is $12.54 and its 200-day moving average is $10.19. The last stock price is up 21.97% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 5,015,969 shares of WPX traded hands, down from an average trading volume of 9,054,360
Recent Performance Chart
WPX Energy Inc has 52 week low of $2.53 and a 52 week high of $13.92 and has a market capitalization of $0.
In addition to FBR & Co reporting its stock price target, a total of 25 brokerages have issued a ratings update on the company. The average stock price target is $12.45 with 3 brokerages rating the stock a strong buy, 12 brokerages rating the stock a buy, 9 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On WPX Energy Inc (NYSE:WPX)
WPX Energy, Inc. is an independent oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of long-life unconventional properties. It is engaged in the domestic development, production and gas management activities of oil, natural gas and natural gas liquids (NGLs) segment. It 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. It operates approximately 700 wells in the Permian Basin and also owns interests in over 960 wells operated by others. It holds over 94,000 net acres in the Permian Basin, and specifically in the Delaware Basin sub-area, with operations located in Eddy, Lea and Chaves Counties in New Mexico and Loving, Pecos, Reeves, Ward and Winkler Counties in Texas. It holds over 84,740 net acres in the Williston Basin. It holds approximately 130,000 net acres in the gas window of the San Juan basin.
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