Williams Capital Thinks WPX Energy’s Stock is Going to Recover

By Carrie Williams

In a report released today, Gabriele Sorbara from Williams Capital reiterated a Buy rating on WPX Energy (WPXResearch Report), with a price target of $18. The company’s shares closed yesterday at $8.93, close to its 52-week low of $8.79.

According to TipRanks.com, Sorbara has currently no stars on a ranking scale of 0-5 stars, with an average return of -16.1% and a 27.0% 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 $16.57 average price target, representing an 85.6% upside. In a report issued on July 22, Piper Jaffray also maintained a Buy rating on the stock with a $15 price target.

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WPX Energy’s market cap is currently $3.77B and has a P/E ratio of 17.84. The company has a Price to Book ratio of 0.89.

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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.