BMO Capital Markets upgraded WPX Energy Inc (NYSE:WPX) to Outperform in a report released today.
- Updated: November 30, 2016
Just yesterday WPX Energy Inc (NYSE:WPX) traded 27.59% higher at $12.18. WPX Energy Inc’s 50-day moving average is $12.21 and its two hundred day average is $11.18. With the last close up 39.02% relative to the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. Volume of trade was up over the average, with 20,280,109 shares of WPX changing hands over the typical 8,563,190
BMO Capital Markets has upgraded WPX Energy Inc (NYSE:WPX) to Outperform in a statement released on 11/30/2016.
On Monday November 28, 2016, Deutsche Bank released a statement for WPX Energy Inc (NYSE:WPX) bumped up the target price from $15.00 to $17.00. At the time, this indicated a possible upside of 0.33%.
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WPX Energy Inc has with a one year low of $2.53 and a one year high of $15.63 and has a market capitalization of $0.
A total of 25 brokers have issued a research note on the company. 3 brokers rating the stock a strong buy, 12 brokers rating the stock a buy, nine brokerages rating the company a hold, one brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $12.45.
More About 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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