WPX Energy (WPX) Gets a Buy Rating from Piper Jaffray


Piper Jaffray analyst Kashy Harrison reiterated a Buy rating on WPX Energy (WPX) on November 15 and set a price target of $19. The company’s shares closed on Friday at $14.32.

According to TipRanks.com, Harrison is a 1-star analyst with an average return of -4.3% and a 35.0% success rate. Harrison covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Continental Resources, and Range Resources Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for WPX Energy with a $25.45 average price target, a 77.7% upside from current levels. In a report issued on November 1, TD Securities also maintained a Buy rating on the stock with a $24 price target.

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The company has a one-year high of $20.80 and a one-year low of $11.92. Currently, WPX Energy has an average volume of 6.13M.

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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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