Scotiabank Keeps a Buy Rating on WPX Energy

By Austin Angelo

Scotiabank analyst Peter Kissel maintained a Buy rating on WPX Energy (NYSE: WPX) yesterday and set a price target of $19. The company’s shares opened today at $9.71.

According to TipRanks.com, Kissel is ranked 0 out of 5 stars with an average return of -15.7% and a 22.4% success rate. Kissel covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, National Fuel Gas Company, and Evolution Petroleum Corp.

Currently, the analyst consensus on WPX Energy is Moderate Buy and the average price target is $15.61, representing a 60.8% upside.

In a report issued on June 14, Robert W. Baird also reiterated a Buy rating on the stock with a $16 price target.

The company has a one year high of $16.17 and a one year low of $8.39. Currently, WPX Energy has an average volume of 8.65M.

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 development and exploration of oil, natural gas liquid, and gas properties. Its basin portfolio includes Permian, Williston, and San Juan. The company was founded on April 19, 2011 and is headquartered in Tulsa, OK.