WPX Energy, Inc. (NYSE:WPX) is reporting third quarter earnings results on Monday 2nd November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.06 per share.
For the full year, analysts predict revenues of $ 2605.21 million, while looking forward to income of $ 0.21 per share.
Previous Quarter Performance
WPX Energy, Inc. disclosed income for the second quarter of $ 0.12 per share, from the revenue of $ 33.00 million. The consensus estimates are income of $ 0.02 per share from $ 565.19 million in revenue. The bottom line results beat street analysts by $ 0.1 or 500.00 percent, at the same time, top line results fell short of analysts by $ 532.19 million or 94.16 percent.
Stock Performance
On Friday, shares of WPX Energy, Inc. has traded high as $ 4.62 and has cracked $ 4.21 on the downward trend, reaching $ 4.61 with volume of 13.45 million shares.
According to the previous trading day, closing price of $ 4.61, representing a 121.13 % increase from the 52 week low of $ 1.94 and a 70.27 % decrease over the 52 week high of $ 14.43.
The company has a market capital of $ 2.59 billion and is part of the Energy sector and Oil & Gas E&P industry.
Recent Analyst recommendations
- On 16th October 2020, downgraded by RBC Capital to Sector Perform from Outperform rating, with $ 7.00 target price.
- On 29th September 2020, downgraded by Johnson Rice to Hold from Buy rating.
- On 29th September 2020, downgraded by MKM Partners to Neutral from Buy rating.
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.
