WPX Energy Inc. (NYSE: WPX): The Best-Of-Breed For Investing?


SSgA Funds Management, Inc. recently announced the acquisition of new stake in WPX Energy Inc. (NYSE:WPX). The institutional investor has increased its shareholding in the Energy company by 14.08% to 20.69 million shares with purchase of 2.55 million shares. This fresh investment now brings its stake to 3.70% valued currently at $123.5 million. In addition, Shapiro Capital Management LLC raised its holdings by 2.69 million to 20.24 million shares. And Dimensional Fund Advisors LP has lifted its position by 6.99% or 1.0 million shares – to 15.31 million shares.

With over 7.5 million WPX Energy Inc. (WPX) shares trading Monday and a closing price of $5.56 on the day, the dollar volume was approximately $41.72 million. The shares have shown a negative weekly performance of -6.24% and its price on 08/31/20 lost nearly -5.28%. Currently, there are 559.70M common shares owned by the public and among those 400.83M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 32 analysts who have offered their price forecasts for WPX have a consensus price objective of $9.08. The analysts have set the share’s price value over the next 12 months at a high of $14.00 and a low of $7.00 should the stock experience a downside. Incidentally, analysts’ outlook for the WPX Energy Inc. stock is 1.90 for the next 12 months. The average price target is 38.56% above its last price level and an upside to the estimated low will see the stock gain 20.57% over that period. But an upside of 60.29% will see the stock hit the forecast high price target while mean target price for the stock is $9.00.

Insiders at the company have transacted a total of 66 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 33 of these insider trades were purchases, accounting for 3,304,000 shares. Insider sales of the common stock occurred on 33 occasions, with total insider shares sold totaling 528,747 shares.

The top 3 mutual fund holders in WPX Energy Inc. are Undiscovered Managers Behavioral, SPDR S&P Oil & Gas Exploration &, and Vanguard Total Stock Market Index. Undiscovered Managers Behavioral owns 12.48 million shares of the company’s stock, all valued at over $74.52 million. The company bought an additional 0.57 million shares recently to bring their total holdings to about 2.23% of the shares outstanding. SPDR S&P Oil & Gas Exploration & sold 27546.0 shares to see its total holdings shrink to 11.69 million shares valued at over $69.82 million and representing 2.09% of the shares outstanding. Vanguard Total Stock Market Index sold 8192.0 shares to bring its total holdings to over 11.2 million shares at a value of $66.85 million. Vanguard Total Stock Market Index now owns shares totaling to 2.00% of the shares outstanding.

Shares of WPX Energy Inc. (NYSE: WPX) opened at $5.87, unchanged from a prior closing price of $5.87. However, the script later closed the day at $5.56, down -5.28%. The company’s stock has a 5-day price change of -6.24% and -11.89% over the past three months. WPX shares are trading -59.53% year to date (YTD), with the 12-month market performance down to -48.33% lower. It has a 12-month low price of $1.94 and touched a high of $14.43 over the same period. Currently, 7.5 million shares have been traded, compared to an average intraday trading volume of 9.32 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.05%, -7.34%, and -28.64% respectively.

Institutional ownership of WPX Energy Inc. (NYSE: WPX) shares accounts for 99.40% of the company’s 559.70M shares outstanding. Mutual fund holders own 33.01%, while other institutional holders and individual stakeholders account for 39.46% and 28.32% respectively.

It has a market capitalization of $3.07B and a beta (3y monthly) value of 3.45. The earnings-per-share (ttm) stands at -$1.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.51% over the week and 4.41% over the month.

Analysts forecast that WPX Energy Inc. (WPX) will achieve an EPS of $0.06 for the current quarter, $0.09 for the next quarter and -$0.11 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.02 while analysts give the company a high EPS estimate of $0.18. Comparatively, EPS for the current quarter was $0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 7.60%, and -168.40% over the next financial year. EPS should grow at an annualized rate of 6.04% over the next five years, compared to -12.70% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 32 brokerage firm advisors rate WPX Energy Inc. (WPX) as a “Strong Buy” at a consensus score of 1.90. Specifically, 25 Wall Street analysts polled rate the stock as a buy, while 4 of the 32 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the WPX, a number of firms have released research notes about the stock. Seaport Global Securities stated their Neutral rating for the stock in a research note on July 27, 2020, with the firm’s price target at. Goldman coverage for the WPX Energy Inc. (WPX) stock in a research note released on April 28, 2020 offered a Buy rating with a price target of $6.75. Credit Suisse was of a view on March 19, 2020 that the stock is Outperform, while Raymond James gave the stock Outperform rating on March 17, 2020, issuing a price target of. Piper Sandler on their part issued Neutral rating on March 09, 2020.


Please enter your comment!
Please enter your name here