GeoSphere Capital Management LLC trimmed its stake in WPX Energy Inc (NYSE:WPX) by 90.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,385 shares of the oil and gas producer’s stock after selling 143,615 shares during the period. WPX Energy comprises approximately 1.6% of GeoSphere Capital Management LLC’s investment portfolio, making the stock its 17th biggest position. GeoSphere Capital Management LLC’s holdings in WPX Energy were worth $277,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of WPX. Qube Research & Technologies Ltd bought a new position in shares of WPX Energy during the 2nd quarter worth about $108,000. SCP Investment LP bought a new position in shares of WPX Energy during the 2nd quarter worth about $2,406,000. CastleArk Alternatives LLC boosted its position in shares of WPX Energy by 41.3% during the 2nd quarter. CastleArk Alternatives LLC now owns 388,508 shares of the oil and gas producer’s stock worth $7,005,000 after purchasing an additional 113,503 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of WPX Energy by 7.9% during the 2nd quarter. Macquarie Group Ltd. now owns 278,640 shares of the oil and gas producer’s stock worth $5,024,000 after purchasing an additional 20,320 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in shares of WPX Energy by 162.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 34,706 shares of the oil and gas producer’s stock worth $626,000 after purchasing an additional 21,487 shares in the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.
Shares of NYSE WPX opened at $17.86 on Friday. WPX Energy Inc has a fifty-two week low of $9.90 and a fifty-two week high of $19.78. The stock has a market capitalization of $7.54 billion, a P/E ratio of -42.52 and a beta of 2.33. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 0.58.
WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. WPX Energy had a negative net margin of 30.02% and a negative return on equity of 0.97%. The business had revenue of $430.00 million for the quarter, compared to analysts’ expectations of $432.92 million. During the same quarter last year, the firm earned $0.18 EPS. The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. sell-side analysts expect that WPX Energy Inc will post 0.2 earnings per share for the current year.
A number of equities analysts have recently issued reports on WPX shares. Stifel Nicolaus increased their price objective on shares of WPX Energy from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, June 20th. US Capital Advisors started coverage on shares of WPX Energy in a research report on Monday, July 2nd. They set a “buy” rating on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $22.00 price objective on shares of WPX Energy in a research report on Thursday, August 30th. ValuEngine cut shares of WPX Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, Northland Securities set a $26.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a research report on Friday, August 3rd. Two investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $22.04.
About WPX Energy
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's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.
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