WPX Energy Gets a Buy Rating from Stifel Nicolaus

In a report released today, Derrick Whitfield from Stifel Nicolaus maintained a Buy rating on WPX Energy (NYSE: WPX), with a price target of $28. The company’s shares closed yesterday at $17.66, close to its 52-week high of $19.23.

According to TipRanks.com, Whitfield is a 1-star analyst with an average return of -1.1% and a 48.9% success rate. Whitfield covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, HighPoint Resources Corporation, and Sundance Energy Australia.

WPX Energy has an analyst consensus of Strong Buy, with a price target consensus of $22.57.

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The company has a one-year high of $19.23 and a one-year low of $8.39. Currently, WPX Energy has an average volume of 8.04M.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock.

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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.