Traders Buy Shares of WPX Energy (WPX) on Weakness

Investors purchased shares of WPX Energy Inc (NYSE:WPX) on weakness during trading hours on Monday. $25.06 million flowed into the stock on the tick-up and $7.01 million flowed out of the stock on the tick-down, for a money net flow of $18.05 million into the stock. Of all stocks tracked, WPX Energy had the 31st highest net in-flow for the day. WPX Energy traded down ($0.12) for the day and closed at $13.95

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus set a $27.00 target price on shares of WPX Energy and gave the company a “buy” rating in a report on Monday, February 5th. Robert W. Baird upped their target price on shares of WPX Energy from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Northland Securities reaffirmed a “buy” rating and issued a $18.00 target price on shares of WPX Energy in a report on Tuesday, February 6th. B. Riley began coverage on shares of WPX Energy in a report on Monday, February 5th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, SunTrust Banks set a $14.00 price target on shares of WPX Energy and gave the company a “buy” rating in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $17.45.

The company has a market cap of $5,550.00, a price-to-earnings ratio of -28.47, a P/E/G ratio of 12.59 and a beta of 2.48. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 0.73.

Institutional investors and hedge funds have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. bought a new position in shares of WPX Energy during the fourth quarter worth approximately $114,000. Cerebellum GP LLC bought a new position in shares of WPX Energy during the fourth quarter worth approximately $130,000. Avestar Capital LLC bought a new position in shares of WPX Energy during the fourth quarter worth approximately $131,000. Commonwealth Equity Services Inc bought a new position in shares of WPX Energy during the third quarter worth approximately $137,000. Finally, CIBC Asset Management Inc bought a new position in shares of WPX Energy during the third quarter worth approximately $159,000. 99.82% of the stock is currently owned by institutional investors.

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About WPX Energy

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.

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