WPX Energy (NYSE:WPX) a Buy or a Sell? What does JP Morgan Think?


How JP Morgan Currently Rates WPX Energy (NYSE:WPX)

JP Morgan published in a recent note that it started coverage on WPX Energy (NYSE:WPX) stock, with “Overweight” rating.

From a total of 17 analysts covering WPX Energy (NYSE:WPX) stock, 10 rate it a ”Buy”, 0 a “Sell”, and 8 a ”Hold”. This means that 56% of the ratings are positive. The highest target price is $19 while the lowest target price is $7.25. The mean of all analyst targets is $11.6 with a 77.31% above today’s ($6.61) stock price. WPX Energy was the topic of 17 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Imperial Capital maintained shares on December 7 with “Outperform” rating. Citigroup initiated WPX stock in a recent report from September 22 with “Neutral” rating. Finally, Oppenheimer maintained the stock with “Market Perform” rating in a report issued on a September 1.

Approximately 1.56 million shares of stock traded hands. WPX Energy Inc (NYSE:WPX) has declined 55.16% since May 6, 2015 and is downtrending. It has underperformed by 54.36% the S&P500.

The overall sentiment of institutions has increased to 1.58 in Q2 2015. Its up 0.57, from 1.01 in 2015Q2. The ratio improved, as 45 institutions have sold all the shares of WPX Energy Inc that they owned while 75 funds have taken shares off the table. 59 funds have purchased shares for the first time while 130 added to their positions. These institutions now hold 239.23 million shares or 17.39% more than the 203.79 million shares they owned in 2015Q2.

The Fund First Reserve Gp Xii Ltd currently is holding shares equating to 21.64% of its total portfolio in WPX Energy Inc representing a total of 7.79 million shares. Another fund,Mount Kellett Capital Management Lp, is holding a total of 2.89 million shares equating to 18.75% of their holdings. Additionally, Goodhaven Capital Management Llc has a 4.19 million share stake in WPX Energy Inc which represents 10.74% of their total portfolio. The Fund, Jvl Advisors L.L.C., based out of Texas, has also built up a stake in the stock, which represents a total of 9.98% of their total portfolio. Finally Aegis Financial Corp, a fund which is based in the state of Virginia reported a total holdings of 1.34 million shares.

WPX Energy, Inc. is an independent natural gas and oil exploration and production company. The company has a market cap of $1.82 billion. The Firm is engaged in the exploitation and development of unconventional properties. It has 12.74 P/E ratio. The Company’s areas of activities are the Piceance Basin in the Rocky Mountain region, the Williston Basin in North Dakota and the San Juan Basin in the southwestern United States.

According to Zacks Investment Research, “WPX Energy, Inc. is a natural gas and oil company focused on the exploitation and development of unconventional properties. The Company has oil and gas properties particularly in the Piceance Basin, Bakken Shale and Marcellus Shale. WPX Energy, Inc. is based in Tulsa, Oklahoma.” Get a free copy of the Zacks research report on WPX Energy Inc (WPX).