In a report issued on March 17, Jeff Grampp from Northland Securities maintained a Buy rating on WPX Energy (WPX), with a price target of $20. The company’s shares closed yesterday at $12.98.
According to TipRanks.com, Grampp has 0 stars on 0-5 star ranking scale with an average return of -10.1% and a 35.3% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sundance Energy Australia, Penn Virginia Corporation, and SilverBow Resources Inc.
Currently, the analyst consensus on WPX Energy is a Strong Buy with an average price target of $18.57, a 43.1% upside from current levels. In a report issued on March 11, Williams Capital also maintained a Buy rating on the stock with a $20 price target.
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WPX Energy’s market cap is currently $5.46B and has a P/E ratio of 41.25. The company has a Price to Book ratio of 1.27.
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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.
