Northland Securities analyst Jeff Grampp maintained a Buy rating on WPX Energy (WPX) today and set a price target of $7.00. The company’s shares closed last Wednesday at $5.65.
According to TipRanks.com, Grampp is ranked 0 out of 5 stars with an average return of -36.3% and a 16.0% success rate. Grampp covers the Utilities sector, focusing on stocks such as Sundance Energy Australia, Lonestar Resources US, and Northern Oil And Gas.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for WPX Energy with a $8.40 average price target, a 47.6% upside from current levels. In a report issued on April 27, Goldman Sachs also upgraded the stock to Buy with a $6.80 price target.
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Based on WPX Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $642 million and GAAP net loss of $122 million. In comparison, last year the company earned revenue of $579 million and had a net profit of $354 million.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WPX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
WPX Energy, Inc. engages in the exploration and production of oil and natural gas. It focuses on exploiting, developing and growing its oil positions in the Delaware Basin in Texas and New Mexico, and the Williston Basin in North Dakota. The company was founded on April 19, 2011 and is headquartered in Tulsa, OK.
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