WPX Energy (NYSE:WPX) price target increased to $17.00, issued a research note today by Deutsche Bank
- Updated: November 28, 2016
Only yesterday WPX Energy (NYSE:WPX) traded -3.99% lower at $12.75. The company’s 50-day moving average is $12.23 and its 200-day moving average is $11.09. The last stock close price is up 14.93% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 10,539,144 shares of WPX traded hands, up from an average trading volume of 8,427,380
In a statement issued on Monday November 28, 2016 Deutsche Bank upped the price target of WPX Energy (NYSE:WPX) from $15.00 to $17.00 indicating a possible upside of 0.33%.
Previously on Monday February 29, 2016, Barclays Capital reported about WPX Energy (NYSE:WPX) held steady the target price at $4.00. At the time, this indicated a possible downside of -0.02%.
Recent Performance Chart
WPX Energy has one year low of $2.53 and a one year high of $13.92 and has a total market value of $0.
A total of 25 equity analysts have released a research note 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 (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.