WPX Energy Inc. [NYSE: WPX] loss -4.95% or -0.3 points to close at $5.76 with a heavy trading volume of 4974386 shares. The company report on July 29, 2020 that WPX Energy Reports 2Q 2020 Results.
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It opened the trading session at $5.98, the shares rose to $6.035 and dropped to $5.71, the range by which the price of stock traded the whole day. The daily chart for WPX points out that the company has recorded -37.12% loss over the past six months. However, it is still -196.91% lower than its most recent low trading price.
If we look at the average trading volume of 9.57M shares, WPX reached to a volume of 4974386 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about WPX Energy Inc. [WPX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WPX shares is $8.95 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WPX stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Seaport Global Securities have made an estimate for WPX Energy Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 27, 2020. While these analysts kept the previous recommendation, Goldman raised their target price from $5.25 to $6.75. The new note on the price target was released on April 28, 2020, representing the official price target for WPX Energy Inc. stock. Previously, the target price had yet another raise to $8, while Credit Suisse analysts kept a Outperform rating on WPX stock.
The Average True Range (ATR) for WPX Energy Inc. is set at 0.29, with the Price to Sales ratio for WPX stock in the period of the last 12 months amounting to 1.25. The Price to Book ratio for the last quarter was 0.69, with the Price to Cash per share for the same quarter was set at 0.70. Price to Free Cash Flow for WPX in the course of the last twelve months was 1.76 with Quick ratio for the last quarter at 1.10.
Trading performance analysis for WPX stock
WPX Energy Inc. [WPX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.26. With this latest performance, WPX shares gained by 2.86% in over the last four-week period, additionally sinking by -37.12% over the last 6 months – not to mention a drop of -43.80% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WPX stock in for the last two-week period is set at 42.00, with the RSI for the last a single of trading hit 39.04, and the three-weeks RSI is set at 45.73 for WPX Energy Inc. [WPX]. The present Moving Average for the last 50 days of trading for this stock 6.04, while it was recorded at 5.89 for the last single week of trading, and 7.84 for the last 200 days.
WPX Energy Inc. [WPX]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and WPX Energy Inc. [WPX] shares currently have an operating margin of +13.01 and a Gross Margin at +28.71. WPX Energy Inc.’s Net Margin is presently recorded at +10.55.
Return on Total Capital for WPX is now 4.68, given the latest momentum, and Return on Invested Capital for the company is 3.82. Return on Equity for this stock inclined to 5.85, with Return on Assets sitting at 2.88. When it comes to the capital structure of this company, WPX Energy Inc. [WPX] has a Total Debt to Total Equity ratio set at 50.45. Additionally, WPX Total Debt to Total Capital is recorded at 33.53, with Total Debt to Total Assets ending up at 25.14. Long-Term Debt to Equity for the company is recorded at 49.13, with the Long-Term Debt to Total Capital now at 32.65.
Reflecting on the efficiency of the workforce at the company, WPX Energy Inc. [WPX] managed to generate an average of $437,288 per employee. Receivables Turnover for the company is 5.72 with a Total Asset Turnover recorded at a value of 0.27.WPX Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
WPX Energy Inc. [WPX]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, WPX Energy Inc. posted 0.09/share EPS, while the average EPS was predicted by analysts to be reported at 0.11/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -18.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WPX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for WPX Energy Inc. go to 6.04%.
An analysis of insider ownership at WPX Energy Inc. [WPX]
There are presently around $3,166 million, or 99.10% of WPX stock, in the hands of institutional investors. The top three institutional holders of WPX stocks are: ENCAP ENERGY CAPITAL FUND X, L.P. with ownership of 152,963,671, which is approximately 0% of the company’s market cap and around 0.90% of the total institutional ownership; VANGUARD GROUP INC, holding 37,934,004 shares of the stock with an approximate value of $218.5 million in WPX stocks shares; and BLACKROCK INC., currently with $206.14 million in WPX stock with ownership of nearly -1.119% of the company’s market capitalization.
Positions in WPX Energy Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 183 institutional holders increased their position in WPX Energy Inc. [NYSE:WPX] by around 55,612,525 shares. Additionally, 198 investors decreased positions by around 69,016,164 shares, while 63 investors held positions by with 424,971,792 shares. The mentioned changes placed institutional holdings at 549,600,481 shares, according to the latest SEC report filing. WPX stock had 59 new institutional investments in for a total of 9,127,547 shares, while 62 institutional investors sold positions of 6,747,411 shares during the same period.