Qube Research & Technologies Ltd Makes New Investment in WPX Energy Inc (NYSE:WPX)

Qube Research & Technologies Ltd bought a new stake in shares of WPX Energy Inc (NYSE:WPX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,843 shares of the oil and gas producer’s stock, valued at approximately $194,000.

Several other institutional investors also recently added to or reduced their stakes in WPX. Quadrant Capital Group LLC lifted its stake in shares of WPX Energy by 166.0% during the 1st quarter. Quadrant Capital Group LLC now owns 7,820 shares of the oil and gas producer’s stock valued at $98,000 after buying an additional 4,880 shares in the last quarter. Spectrum Management Group Inc. purchased a new stake in shares of WPX Energy during the 2nd quarter valued at approximately $115,000. Capital Investment Advisors LLC purchased a new stake in shares of WPX Energy during the 2nd quarter valued at approximately $116,000. Commonwealth Equity Services LLC purchased a new stake in shares of WPX Energy during the 2nd quarter valued at approximately $123,000. Finally, Machina Capital S.A.S. purchased a new stake in shares of WPX Energy during the 2nd quarter valued at approximately $128,000. 98.70% of the stock is owned by hedge funds and other institutional investors.

WPX Energy stock opened at $10.60 on Thursday. The firm’s fifty day moving average price is $10.34 and its 200-day moving average price is $11.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.71 and a current ratio of 0.75. The stock has a market cap of $4.44 billion, a P/E ratio of 117.72, a price-to-earnings-growth ratio of 0.99 and a beta of 2.26. WPX Energy Inc has a fifty-two week low of $8.79 and a fifty-two week high of $20.80.

WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The firm had revenue of $695.00 million for the quarter, compared to analysts’ expectations of $566.34 million. WPX Energy had a net margin of 23.59% and a return on equity of 2.28%. The business’s quarterly revenue was up 61.6% on a year-over-year basis. During the same quarter last year, the company posted $0.06 EPS. On average, analysts predict that WPX Energy Inc will post 0.38 earnings per share for the current year.

A number of analysts recently commented on WPX shares. Piper Jaffray Companies set a $14.00 price target on shares of WPX Energy and gave the company a “buy” rating in a research note on Friday, August 16th. ValuEngine cut shares of WPX Energy from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Williams Capital restated a “buy” rating and set a $18.00 price target on shares of WPX Energy in a research note on Tuesday, August 6th. TheStreet cut shares of WPX Energy from a “b-” rating to a “c” rating in a research note on Thursday, May 2nd. Finally, Imperial Capital increased their target price on shares of WPX Energy from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-two have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.11.

WPX Energy Profile

WPX Energy, Inc, an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company operates 657 wells and owns interests in 808 wells covering an area of approximately 130,000 net acres located in Delaware Basin, Texas and New Mexico; and operates 323 wells and owns interests in 87 wells that covers an area of approximately 85,087 net acres situated in the Williston Basin, North Dakota.

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Institutional Ownership by Quarter for WPX Energy (NYSE:WPX)

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