Stifel Nicolaus analyst Derrick Whitfield reiterated a Buy rating on WPX Energy (NYSE: WPX) yesterday and set a price target of $26. The company’s shares closed yesterday at $19.02, close to its 52-week high of $19.78.
According to TipRanks.com, Whitfield is a 2-star analyst with an average return of 0.4% and a 52.5% success rate. Whitfield covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Northern Oil And Gas, and Devon Energy Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for WPX Energy with a $24.91 average price target.
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Based on WPX Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $584 million and GAAP net loss of $81 million. In comparison, last year the company earned revenue of $297 million and had a net profit of $76 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.
