WPX Energy Inc (WPX) Position Increased by Meadow Creek Investment Management LLC

Quantitative Investment Management LLC purchased a new position in shares of WPX Energy Inc (NYSE:WPX) during the first quarter, Holdings Channel reports.

LMR Partners LLP lowered its position in shares of WPX Energy Inc (NYSE:WPX) by 74.2% during the first quarter, according to its most recent disclosure with the SEC. Principal Financial Group Inc. now owns 1,345,864 shares of the oil and gas producer's stock worth $17,752,000 after buying an additional 301,664 shares during the period. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.02. Moreover, Geosphere Capital has 3.85% invested in WPX Energy Inc (NYSE:WPX) for 230,000 shares. Arizona State Retirement System now owns 164,900 shares of the oil and gas producer's stock valued at $2,208,000 after buying an additional 22,000 shares in the last quarter. Tracking most recent quarter period, Price to book (P/B) ration is at 1.14 and Price to cash per share ration is at 32.73. Of the 25 analysts surveyed by Reuters that track WPX 4 of them rate its stock a hold. Credit Agricole S A purchased a new stake in WPX Energy during the fourth quarter worth about $122,000. M&T Bank Corp now owns 19,161 shares of the oil and gas producer's stock worth $257,000 after buying an additional 912 shares during the last quarter. Hedge funds and other institutional investors own 82.08% of the company's stock.

On Friday, Shares of WPX Energy Inc (NYSE:WPX) gained 0.60% to $11.76. About 2.81 million shares traded.

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17 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 346.23 million while high and low sale targets are estimated at 399.3 million and 316.28 million respectively. The stock's market capitalization is $4.83 billion. The company has a 50-day moving average of $12.06 and a 200 day moving average of $13.23.

WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, May 3rd. The oil and gas producer reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.02. WPX Energy had a negative net margin of 178.46% and a negative return on equity of 7.94%. The business had revenue of $461 million during the quarter, compared to analysts' expectations of $254.24 million.

The average 1-year price target for WPX Energy, Inc.

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TRADEMARK VIOLATION NOTICE: "WPX Energy Inc (WPX) Position Increased by Meadow Creek Investment Management LLC" was first posted by Stock Observer and is owned by of Stock Observer. If you are viewing this report on another website, it was copied illegally and republished in violation of worldwide trademark and copyright laws. The original version of this story can be accessed at https://www.themarketsdaily.com/2017/06/01/dynamic-technology-lab-private-ltd-invests-523000-in-wpx-energy-inc-wpx.html. That suggests something of the likelihood of a short squeeze in shares of WPX. Scotiabank reiterated a "buy" rating and issued a $23.00 price target on shares of WPX Energy in a research report on Thursday, February 23rd.

WPX has been the subject of several analyst reports. The most optimistic analyst sees the stock reaching $27 while the most conventional has $13 target price. Finally, Seaport Global Securities upgraded WPX Energy from a "neutral" rating to a "buy" rating in a report on Friday, March 31st. The dividend is payable as of July 31, 2017, to holders of record of the company's preferred stock on July 14, 2017. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock.

The company has been one of the biggest innovators in "Independent Oil & Gas" employing approximately 650 full time employees.

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