Connect with us

Basic Materials

Stock in the Spotlight: WPX Energy, Inc. (NYSE: WPX)

Michael Hunt

Published

on

On Friday, Shares of WPX Energy, Inc. (NYSE: WPX) rose 0.99% to $18.39. The stock recorded $18.00 as its minimum price and hit the max level of $18.69, during its most recent trading session. It traded total volume of 7,260,414 shares lower than the average volume of 7.78M shares.

WPX Energy Inc. (WPX) stated a first-quarter loss of $115.0M, after reporting a profit in the same period a year earlier. On a per-share basis, the Tulsa, Oklahoma-based company said it had a loss of 30 cents. Losses, adjusted to account for suspended operations and non-recurring costs, came to 6 cents per share. The results did not meet Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The independent oil and gas company posted revenue of $374.0M in the period, which beat Street forecasts. Eleven analysts surveyed by Zacks expected $372.60M.

WPX has the market capitalization of $7.53B and its EPS growth ratio for the past five years was 20.40%. The return on assets ratio of the Company was -2.90% while its return on investment ratio stands at 1.30%. Price to sales ratio was 6.03 while N/A of the stock was owned by institutional investors.

For more news and updates, follow IRN Post on Facebook, Twitter, and Google+

I am Michael Hunt and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind irnpost.com with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Basic Materials” category.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending