Williams Capital Initiates a Buy Rating on WPX Energy (WPX)


WPX Energy (WPX) received a Buy rating and a $21 price target from Williams Capital analyst Gabriele Sorbara today. The company’s shares closed yesterday at $12.87.

According to TipRanks.com, Sorbara has currently no stars on a ranking scale of 0-5 stars, with an average return of -9.9% and a 34.0% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.

Currently, the analyst consensus on WPX Energy is a Strong Buy with an average price target of $19.94, which is a 54.9% upside from current levels. In a report released yesterday, Susquehanna also reiterated a Buy rating on the stock with a $16 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 $448 million and had a GAAP net loss of $38 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.

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