BMO Capital analyst Phillip Jungwirth reiterated a Buy rating on WPX Energy (NYSE: WPX) on October 9 and set a price target of $25. The company’s shares opened today at $18.74.
According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 8.2% and a 60.4% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Continental Resources, Anadarko Petroleum, and Devon Energy Corp.
WPX Energy has an analyst consensus of Strong Buy, with a price target consensus of $25.27, which is a 34.8% upside from current levels. In a report issued on September 27, Scotiabank also reiterated a Buy rating on the stock with a $26 price target.
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Based on WPX Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $584 million and GAAP net loss of $81 million. In comparison, last year the company earned revenue of $330 million and had a GAAP net loss of $146 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.
