Guggenheim analyst Subash Chandra reiterated a Buy rating on WPX Energy (WPX) on November 15 and set a price target of $21. The company’s shares opened today at $13.99.
According to TipRanks.com, Chandra is a 4-star analyst with an average return of 5.3% and a 46.9% success rate. Chandra covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Continental Resources, and Range Resources Corp.
Currently, the analyst consensus on WPX Energy is a Strong Buy with an average price target of $24.73, which is a 76.8% 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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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 $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.
