U.S. Markets open in 4 hrs 11 mins

WPX Energy Is ~83% Higher than Its 52-Week Low: What Lies Ahead?

Kurt Gallon
WPX Energy Is ~83% Higher than Its 52-Week Low: What Lies Ahead?

WPX Energy (WPX), an exploration and production company focused on the Permian Basin and Williston Basin, has fallen 7.6% recently, while the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has fallen 4.9%. Overall, WPX is ~83% higher than its 52-week low, driven by strong production growth and stable average realized sale prices.