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WPX Energy Inc (NYSE:WPX) has been downgraded to Sell in a statement by Seaport Global Securities earlier today.

Seaport Global Securities has downgraded WPX Energy Inc (NYSE:WPX) to Sell in a statement released on Wednesday June 21, 2017.

Boasting a price of $9.11, WPX Energy Inc (NYSE:WPX) traded -0.43% lower on the day. With the last stock price close down -5.39% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. WPX Energy Inc has recorded a 50-day average of $10.09 and a two hundred day average of $11.10. Volume of trade was up over the average, with 9,159,494 shares of WPX changing hands over the typical 7,567,990

Performance Chart

WPX Energy Inc (NYSE:WPX)

With a total market value of $0, WPX Energy Inc has with a one year low of $8.39 and a one year high of $16.17 .

A total of 25 equity analysts have released a ratings update on WPX. Three equity analysts rating the company a strong buy, twelve equity analysts rating the company a buy, nine equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $12.45.

Brief Synopsis About WPX Energy Inc (NYSE:WPX)

WPX Energy, Inc. is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States. It is focused on exploiting, developing and growing its oil positions in the Delaware (a subset of the Permian Basin) and San Juan Basins in the southwestern United States and the Williston Basin in North Dakota. As of December 31, 2016, it operated 642 wells in the Delaware Basin and also owned interests in 783 wells operated by others. As of December 31, 2016, it held approximately 98,000 acres in the Delaware Basin, with operations located in Eddy, Lea and Chaves Counties in New Mexico and Loving, Pecos, Reeves, Ward and Winkler Counties in Texas. Its activity in the Delaware Basin is focused on the Wolfcamp Shale formation, the Bone Spring interval and the Delaware sand interval.

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