After Seaport Global and J.P. Morgan gave WPX Energy (NYSE: WPX) a Buy rating last month, the company received another Buy, this time from Northland Securities. Analyst Jeff Grampp reiterated a Buy rating on WPX Energy today and set a price target of $15.00. The company’s shares closed last Monday at $9.89, close to its 52-week low of $8.79.
According to TipRanks.com, Grampp is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -19.4% and a 18.5% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sundance Energy Australia, Penn Virginia Corporation, and SilverBow Resources Inc.
Currently, the analyst consensus on WPX Energy is a Strong Buy with an average price target of $14.92, representing a 44.7% upside. In a report released today, Williams Capital also reiterated a Buy rating on the stock with a $16.00 price target.
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The company has a one-year high of $16.79 and a one-year low of $8.79. Currently, WPX Energy has an average volume of 8.88M.
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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.
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