Northland Securities Thinks WPX Energy’s Stock is Going to Recover


In a report issued on December 10, Jeff Grampp from Northland Securities reiterated a Buy rating on WPX Energy (WPX), with a price target of $21. The company’s shares closed yesterday at $12.56, close to its 52-week low of $12.29.

According to TipRanks.com, Grampp is ranked 0 out of 5 stars with an average return of -8.1% and a 31.4% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Resolute Energy Corp, and Earthstone Energy.

WPX Energy has an analyst consensus of Strong Buy, with a price target consensus of $22.79, an 81.4% upside from current levels. In a report issued on November 27, SunTrust Robinson also reiterated a Buy rating on the stock with a $25 price target.

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The company has a one-year high of $20.80 and a one-year low of $12.29. Currently, WPX Energy has an average volume of 6.58M.

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WPX Energy, Inc. engages in the development and exploration of oil, natural gas liquid, and gas properties. Its basin portfolio includes Delaware, Williston and San Juan. The company was founded on April 19, 2011 and is headquartered in Tulsa, OK.

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