The SVP & GC of WPX Energy (NYSE: WPX) is Selling Shares

By Carrie Williams

Today, the SVP & GC of WPX Energy (NYSE: WPX), Dennis Cameron, sold shares of WPX for $181.9K.

Following Dennis Cameron’s last WPX Sell transaction on August 26, 2015, the stock climbed by 12.8%. In addition to Dennis Cameron, 4 other WPX executives reported Sell trades in the last month.

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Based on WPX Energy’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $443 million and GAAP net loss of $115 million. In comparison, last year the company earned revenue of $258 million and had a net profit of $92 million. Currently, WPX Energy has an average volume of 9.29M.

Based on 10 analyst ratings, the analyst consensus is Strong Buy with an average price target of $21.30, reflecting a -11.5% downside. Three different firms, including Barclays and Goldman Sachs, currently also have a Sell rating on the stock.

The insider sentiment on WPX Energy has been negative according to 33 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.