Zacks: Analysts Expect WPX Energy Inc (NYSE:WPX) Will Post Earnings of $0.10 Per Share

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Equities research analysts expect WPX Energy Inc (NYSE:WPX) to announce earnings of $0.10 per share for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for WPX Energy’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.15. WPX Energy posted earnings of $0.02 per share during the same quarter last year, which would indicate a positive year over year growth rate of 400%. The company is scheduled to issue its next quarterly earnings report on Wednesday, February 19th.

On average, analysts expect that WPX Energy will report full-year earnings of $0.34 per share for the current fiscal year, with EPS estimates ranging from $0.28 to $0.41. For the next year, analysts forecast that the business will report earnings of $0.45 per share, with EPS estimates ranging from $0.13 to $0.83. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow WPX Energy.

WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, October 30th. The oil and gas producer reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). WPX Energy had a return on equity of 2.39% and a net margin of 25.50%. The business had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $623.75 million. During the same period last year, the company posted $0.07 earnings per share. The firm’s revenue for the quarter was up 64.3% on a year-over-year basis.

WPX has been the topic of a number of recent analyst reports. Guggenheim set a $18.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a report on Wednesday, August 21st. Piper Jaffray Companies set a $14.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a report on Friday, August 16th. Cowen set a $14.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. cut their price objective on shares of WPX Energy from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. Finally, KeyCorp cut their price objective on shares of WPX Energy from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $16.69.

WPX stock traded up $0.05 during trading on Friday, reaching $10.67. The stock had a trading volume of 7,228,724 shares, compared to its average volume of 7,965,296. WPX Energy has a 1-year low of $8.79 and a 1-year high of $15.91. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $4.33 billion, a P/E ratio of 118.56, a PEG ratio of 1.15 and a beta of 2.15. The firm has a fifty day moving average price of $10.21 and a 200 day moving average price of $10.96.

Institutional investors have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. acquired a new stake in shares of WPX Energy in the 2nd quarter valued at about $841,000. GSA Capital Partners LLP acquired a new stake in WPX Energy during the second quarter worth about $681,000. Toronto Dominion Bank acquired a new stake in WPX Energy during the second quarter worth about $794,000. Eqis Capital Management Inc. raised its stake in WPX Energy by 45.5% during the second quarter. Eqis Capital Management Inc. now owns 56,227 shares of the oil and gas producer’s stock worth $647,000 after acquiring an additional 17,596 shares during the period. Finally, Berman Capital Advisors LLC raised its stake in WPX Energy by 9.4% during the second quarter. Berman Capital Advisors LLC now owns 15,776 shares of the oil and gas producer’s stock worth $176,000 after acquiring an additional 1,356 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.

About WPX Energy

WPX Energy, Inc, an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company operates 657 wells and owns interests in 808 wells covering an area of approximately 130,000 net acres located in Delaware Basin, Texas and New Mexico; and operates 323 wells and owns interests in 87 wells that covers an area of approximately 85,087 net acres situated in the Williston Basin, North Dakota.

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Earnings History and Estimates for WPX Energy (NYSE:WPX)

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