In a report issued on December 10, Mike Kelly from Seaport Global reiterated a Buy rating on WPX Energy (WPX), with a price target of $20. The company’s shares closed yesterday at $12.56, close to its 52-week low of $12.29.
According to TipRanks.com, Kelly is ranked 0 out of 5 stars with an average return of -9.3% and a 33.1% success rate. Kelly covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Wildhorse Resource Development Corp, and HighPoint Resources Corporation.
WPX Energy has an analyst consensus of Strong Buy, with a price target consensus of $22.67, representing an 80.5% upside. 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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Based on WPX Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $623 million and GAAP net loss of $7 million. In comparison, last year the company earned revenue of $330 million and had a GAAP net loss of $146 million.
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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.
