WPX Energy, Inc., an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company operates 657 wells and owns interests in 808 wells covering an area of approximately 130,000 net acres located in Delaware Basin, Texas and New Mexico; and operates 323 wells and owns interests in 87 wells that covers an area of approximately 85,087 net acres situated in the Williston Basin, North Dakota. As of December 31, 2018, it had proved reserves of 479.3 million barrels of oil equivalent. The company was founded in 1983 and is headquartered in Tulsa, Oklahoma.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Phone855-979-2012
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.31 billion
Profitability
Miscellaneous
Employees600
Next Earnings Date8/7/2019 (Estimated)
OptionableOptionable
WPX Energy (NYSE:WPX) Frequently Asked Questions
What is WPX Energy's stock symbol?
WPX Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "WPX."
How were WPX Energy's earnings last quarter?
WPX Energy Inc (NYSE:WPX) posted its quarterly earnings results on Wednesday, May, 1st. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. The oil and gas producer had revenue of $359 million for the quarter, compared to analyst estimates of $547.79 million. WPX Energy had a return on equity of 2.15% and a net margin of 9.50%. WPX Energy's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.06) EPS. View WPX Energy's Earnings History.
When is WPX Energy's next earnings date?
What price target have analysts set for WPX?
25 brokers have issued twelve-month price targets for WPX Energy's stock. Their forecasts range from $13.00 to $28.00. On average, they anticipate WPX Energy's stock price to reach $20.9375 in the next year. This suggests a possible upside of 85.6% from the stock's current price. View Analyst Price Targets for WPX Energy.
What is the consensus analysts' recommendation for WPX Energy?
25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WPX Energy in the last year. There are currently 2 hold ratings and 23 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for WPX Energy.
What are Wall Street analysts saying about WPX Energy stock?
Here are some recent quotes from research analysts about WPX Energy stock:
- 1. According to Zacks Investment Research, "Shares of WPX Energy have outperformed its industry in the past three months. WPX Energy has gradually transformed itself from a natural gas-focused company to an oil-focused one. The company has been able to do so through nearly $8 billion of transactions. WPX Energy is building up a strong portfolio of assets that will continue boosting oil production and allow it to gain from improving commodity prices. The company’s decision to sell midstream assets will aid it in further strengthening its operation. WPX Energy’s exposure in Delaware and Williston basins will enable it to achieve the goal of higher oil generation in 2019. However, the competitive energy space, stringent regulations and dependence on third parties to market its products are major headwinds." (5/11/2019)
- 2. Northland Securities analysts commented, "We look for more color on the 2021 Vision on its earnings call and reiterate OP and $20 PT. Miss: WPX reported 4Q18 Adjusted EBITDAX of $306MM, below consensus of $316MM and our estimate of $319MM due to higher operating costs and lower realized prices, partly offset by higher production. $44MM was higher than our estimate of $30MM and unit LOE of $6.25/BOE was higher than our estimate of $5.35/BOE. Production of 156 MBOEPD (61% oil) was above consensus of 148 MBOEPD and our estimate of 145 MBOEPD (63% oil) and realized prices of $36.41/BOE were less than our estimate of $38.24/BOE 4Q18 The company reported 4Q18 CapEx of $436MM, well above consensus of $343MM and our estimate of $350MM. With spending levels such a focus for investors, we expect the higher CapEx to catch extra scrutiny." (2/26/2019)
- 3. Mizuho analysts commented, "We expect the company to provide an upward revision to inventory estimates, with Third Bone Spring development fully incorporated, sooner than later in 2019 and think this is the next upside catalyst for the stock." (2/21/2019)
- 4. Williams Capital analysts commented, "We expect shares to outperform on the 4Q18 oil producon beat. We reaffirm our Buy rang and WPX remains a Top Pick for its core Delaware Basin posion, premier execuon, sig nificant midstream oponality and a racve relave valuaon. Key Points 4Q18 oil producon beats Consensus by more than 3%. WPX reported 4Q18 clean EPS and DCFPS of $0.02/$0.73, vs. our esmates of $0.11/$ 0.74 and Consensus of $0.05/$0.66. 4Q18 EBITDA was $306.0 million, below our esmate of $357.8 million and be low Consensus of $316.3 million. 4Q18 producon was announced at 156.4 Mboe/d, above our esmate of 1 53.8 Mboe/d and ahead of Consensus of 148.0 Mboe/d. More importantly, oil volumes came in at 96.0 Mbbls/d, 1.7% above our esmate of 94.1 93.1 Mbbls/d." (2/21/2019)
Has WPX Energy been receiving favorable news coverage?
Media stories about WPX stock have trended negative recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. WPX Energy earned a daily sentiment score of -2.0 on InfoTrie's scale. They also gave media headlines about the oil and gas producer a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an impact on the company's share price in the immediate future.
Are investors shorting WPX Energy?
WPX Energy saw a increase in short interest in the month of April. As of April 15th, there was short interest totalling 20,347,688 shares, an increase of 33.3% from the March 29th total of 15,269,256 shares. Based on an average daily volume of 9,715,541 shares, the days-to-cover ratio is currently 2.1 days. Approximately 5.0% of the company's shares are sold short. View WPX Energy's Current Options Chain.
Who are some of WPX Energy's key competitors?
Some companies that are related to WPX Energy include Diamondback Energy (FANG), Sasol (SSL), Rwe Ag Sp (RWEOY), Continental Resources (CLR), GALP ENERGIA SG/ADR (GLPEY), Marathon Oil (MRO), Devon Energy (DVN), TORAY INDUSTRIE/ADR (TRYIY), Cabot Oil & Gas (COG), Noble Energy (NBL), Apache (APA), Cenovus Energy (CVE), Encana (ECA), Energen (EGN) and Cimarex Energy (XEC).
What other stocks do shareholders of WPX Energy own?
Who are WPX Energy's key executives?
WPX Energy's management team includes the folowing people:
- Mr. Richard E. Muncrief, CEO & Chairman (Age 60)
- Mr. Clay M. Gaspar, Pres & COO (Age 47)
- Mr. J. Kevin Vann, Exec. VP & CFO (Age 48)
- Mr. Dennis C. Cameron, Exec. VP & Gen. Counsel (Age 56)
- Mr. Bryan K. Guderian, Exec. VP of Bus. Devel. (Age 60)
Who are WPX Energy's major shareholders?
WPX Energy's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (8.71%), BlackRock Inc. (8.34%), Neuberger Berman Group LLC (2.80%), Jennison Associates LLC (2.50%), Dimensional Fund Advisors LP (2.12%) and Goldman Sachs Group Inc. (1.97%). Company insiders that own WPX Energy stock include Bryan K Guderian, Clay M Gaspar, Dennis C Cameron, J Kevin Vann, Stephen L Faulkner Jr and William G Lowrie. View Institutional Ownership Trends for WPX Energy.
Which institutional investors are selling WPX Energy stock?
WPX stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Vaughan Nelson Investment Management L.P., Perella Weinberg Partners Capital Management LP, Encompass Capital Advisors LLC, Goldman Sachs Group Inc., BlueMountain Capital Management LLC, Systematic Financial Management LP and OppenheimerFunds Inc.. View Insider Buying and Selling for WPX Energy.
Which institutional investors are buying WPX Energy stock?
WPX stock was bought by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Neuberger Berman Group LLC, AQR Capital Management LLC, Marshall Wace North America L.P., LSP Investment Advisors LLC, Diamond Hill Capital Management Inc., AGF Investments Inc. and SEI Investments Co. View Insider Buying and Selling for WPX Energy.
How do I buy shares of WPX Energy?
Shares of WPX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is WPX Energy's stock price today?
One share of WPX stock can currently be purchased for approximately $11.28.
How big of a company is WPX Energy?
WPX Energy has a market capitalization of $4.76 billion and generates $2.31 billion in revenue each year. The oil and gas producer earns $151 million in net income (profit) each year or $0.09 on an earnings per share basis. WPX Energy employs 600 workers across the globe.
What is WPX Energy's official website?
How can I contact WPX Energy?
WPX Energy's mailing address is 3500 ONE WILLIAMS CENTER, TULSA OK, 74172. The oil and gas producer can be reached via phone at 855-979-2012 or via email at [email protected]
MarketBeat Community Rating for WPX Energy (NYSE WPX)
MarketBeat's community ratings are surveys of what our community members think about WPX Energy and other stocks. Vote "Outperform" if you believe WPX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WPX will underperform the S&P 500 over the long term. You may vote once every thirty days.
