After Jefferies and KeyBanc gave WPX Energy (NYSE: WPX) a Buy rating last month, the company received another Buy, this time from Piper Jaffray. Analyst Ryan Todd reiterated a Buy rating on WPX Energy today and set a price target of $14. The company’s shares opened today at $13.21.
According to TipRanks.com, Todd is a 1-star analyst with an average return of -1.6% and a 44.3% success rate. Todd covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Whiting Petroleum Corp, and Continental Resources.
WPX Energy has an analyst consensus of Strong Buy, with a price target consensus of $19.94, representing a 50.9% upside. In a report released yesterday, Williams Capital also initiated coverage with a Buy rating on the stock with a $21 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.
