Williams Capital analyst Gabriele Sorbara reiterated a Buy rating on WPX Energy (WPX) today and set a price target of $21. The company’s shares opened today at $12.40.
Sorbara noted:
“We believe the revised 2019 outlook and asset sales address investor concerns, which have driven the recent underperformance. WPX remains a Top Pick for its core Delaware Basin posion, premier execuon, significant midstream oponality and a racve relave valuaon.”
According to TipRanks.com, Sorbara ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -9.1% and a 35.3% 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 $18.61.
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The company has a one-year high of $20.80 and a one-year low of $9.89. Currently, WPX Energy has an average volume of 7.12M.
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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.
