After Piper Jaffray and Northland Securities gave WPX Energy (NYSE: WPX) a Buy rating last month, the company received another Buy, this time from Williams Capital. Analyst Gabriele Sorbara reiterated a Buy rating on WPX Energy today and set a price target of $22. The company’s shares closed yesterday at $13.23.
According to TipRanks.com, Sorbara has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.4% and a 35.0% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.
WPX Energy has an analyst consensus of Strong Buy, with a price target consensus of $18.80, which is a 42.1% upside from current levels. In a report issued on April 22, KeyBanc also maintained a Buy rating on the stock with a $17 price target.
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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 7.62M.
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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.
