Northland Securities Keeps a Buy Rating on WPX Energy (WPX)

By Ryan Adsit

Northland Securities analyst Jeff Grampp maintained a Buy rating on WPX Energy (WPXResearch Report) today and set a price target of $20. The company’s shares opened today at $14.02.

According to, Grampp has 0 stars on 0-5 star ranking scale with an average return of -7.7% and a 38.8% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sundance Energy Australia, Penn Virginia Corporation, and SilverBow Resources Inc.

WPX Energy has an analyst consensus of Strong Buy, with a price target consensus of $18.57.

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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 $579 million and net profit of $354 million. In comparison, last year the company earned revenue of $443 million and had a GAAP net loss of $115 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.