WPX Energy (WPX) Received its Third Buy in a Row

By Jason Carr

After Northland Securities and Seaport Global gave WPX Energy (NYSE: WPX) a Buy rating last month, the company received another Buy, this time from Susquehanna. Analyst Biju Perincheril reiterated a Buy rating on WPX Energy today and set a price target of $16. The company’s shares closed on Friday at $12.13.

According to TipRanks.com, Perincheril is a 3-star analyst with an average return of 0.9% and a 42.0% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Jagged Peak Energy Inc, and Whiting Petroleum Corp.

WPX Energy has an analyst consensus of Strong Buy, with a price target consensus of $20.75.

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Based on WPX Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $623 million and GAAP net loss of $7 million. In comparison, last year the company earned revenue of $448 million and had a GAAP net loss of $38 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.