Williams Capital Maintains Their Buy Rating on WPX Energy (WPX)

By Jason Carr

Williams Capital analyst Gabriele Sorbara maintained a Buy rating on WPX Energy (WPXResearch Report) on July 17 and set a price target of $18. The company’s shares closed on Friday at $10.28, close to its 52-week low of $9.82.

According to TipRanks.com, Sorbara is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -13.9% and a 29.2% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Gulfport Energy Corp, and Extraction Oil & Gas.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for WPX Energy with a $17.67 average price target, implying a 71.9% upside from current levels. In a report issued on July 16, KeyBanc also maintained a Buy rating on the stock with a $16 price target.

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The company has a one-year high of $20.80 and a one-year low of $9.82. Currently, WPX Energy has an average volume of 7.34M.

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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.