11.06 0.00 (0.00%)
Pre-Market: 9:15AM EDT
|Bid||11.05 x 3100|
|Ask||11.37 x 3000|
|Day's Range||11.02 - 11.43|
|52 Week Range||8.79 - 20.80|
|Beta (3Y Monthly)||1.90|
|PE Ratio (TTM)||7.75|
|Earnings Date||Oct 29, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||16.54|
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
WPX Energy (WPX) announced today that it has priced its public offering of $600 million of its 5.250% Senior Notes due 2027. The net proceeds from the offering will be approximately $592.5 million after deducting underwriting discounts and commissions and before estimated offering expenses payable by WPX. WPX intends to use the net proceeds from the offering and, if necessary, any other sources of available funds, which may include borrowings under its senior secured credit facility, to fund its previously announced cash tender offers for its outstanding 6.000% Senior Notes due 2022 and 8.250% Senior Notes due 2023.
Moody's Investors Service ("Moody's") assigned a B1 rating to WPX Energy, Inc.'s (WPX) proposed senior unsecured notes due 2027. WPX's existing ratings, including its Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating, B1 ratings on the senior unsecured notes and SGL-2 Speculative Grade Liquidity (SGL) rating are unchanged. "WPX's proposed notes issuance and tender for existing notes will increase the weighted average life of its debt by over one year, while leaving leverage neutral," commented James Wilkins, Moody's Vice President -- Senior Analyst.
WPX Energy (WPX) announced today that it has commenced cash tender offers (the “Tender Offers”) to purchase up to $450,000,000 aggregate principal amount (as it may be increased by WPX, the “Aggregate Maximum Tender Amount”) of its outstanding 6.000 percent Senior Notes due 2022 (the “2022 Notes”) and 8.250 percent Senior Notes due 2023 (the “2023 Notes” and, together with the 2022 Notes, the “Notes”). The terms and conditions of the Tender Offers are described in an Offer to Purchase, dated Sept. 10, 2019 (the “Offer to Purchase”). WPX intends to fund the Tender Offers with the net proceeds of its proposed offering of debt securities (the “Debt Financing”) and, if necessary, any other sources of available funds, which may include borrowings under its revolving credit facility.
WPX Energy (WPX) announced today that it has commenced an underwritten public offering of $500 million of senior unsecured notes due 2027. WPX intends to use the net proceeds from the offering and, if necessary, any other sources of available funds, which may include borrowings under its senior secured credit facility, to fund the purchase of up to $450 million aggregate principal amount of its outstanding 6.000% Senior Notes due 2022 and 8.250% Senior Notes due 2023 through cash tender offers. Any excess net proceeds will be used for general corporate purposes, which may include the repayment or redemption of outstanding indebtedness.
The chairman and president of WPX Energy (WPX) are scheduled to speak at conferences in New York and Toronto, respectively, in September. WPX Chairman and Chief Executive Officer Rick Muncrief is presenting at Barclays CEO Energy-Power Conference on Tuesday, Sept. 3, at 3:05 p.m. Eastern. WPX President and Chief Operating Officer Clay Gaspar is speaking at the Peters & Co. Energy Conference on Wednesday, Sept. 11, at 2:30 p.m. Eastern.
Wall Street is drifting lower again on Wednesday as President Donald Trump remains unable to juice prices higher with hopes of a U.S.-China trade deal despite his best efforts on Twitter (NYSE:TWTR). The problem with all his obvious market coddling is that China isn't playing along, with Beijing's strategy appearing to harden its position and push American share prices lower.As a result, the Dow Jones Industrial Average is testing critical support near its 200-day moving average.Despite this, there are areas of the market such as energy that are perking up. Crude oil is challenging down channel resistance that has been in play since April in what looks like a reappearance of fears over tensions with Iran. As a result, a number of extremely cheap oil and gas stocks are perking up.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Tech Industry Dividend Stocks for Growth and Income Here are four worth a look: Northern Oil and Gas (NOG)Shares of Northern Oil and Gas (NYSE:NOG) are extending above their 50-day moving average, breaking out of the downtrend channel that has been in place since late April. Watch for a run to the 200-day moving average, which would be worth a gain of nearly 20% from here. Shares are bounding off of support from the early 2018 lows near $1.50.The company has been focused on building out its portfolio of properties, expanding it at a time when prices are cheap and sentiment is low. It completed roughly 40 acquisitions since the end of March, adding approximately 6,325 net acres. Extraction Oil & Gas (XOG)Shares of Extraction (NASDAQ:XOG) look set to push up and over its 200-day moving average for the first time since the summer of 2018, ending a tight sideways consolidation that has been in place since December. Coverage was recently initiated by KeyBanc analysts with a buy rating. Wells Fargo resumed coverage in May and are looking for a $8 price target, a move that would be worth a gain of nearly 100% from here. * 10 Companies Using AI to Grow The company will next report results on Nov. 5 after the close. Analysts are looking for a loss of 10 cents per share on revenues of $236.9 million. When the company last reported on Aug. 1, earnings of 22 cents per share beat estimates by 29 cents on a 14.6% decline in revenues. CNX Resources (CNX)Shares of CNX Resources (NYSE:CNX) have pushed up and over their 50-day moving average, testing the upper end of a multi-month consolidation range in what looks like the end of a downtrend that has been in play since the summer of 2018. Watch for a run at the 200-day moving average, which would be worth a gain of roughly 40% from here.The company will next report results on Oct. 29 before the bell. Analysts are looking for a loss of two cents per share on revenues of $333.7 million. When the company last reported on July 30, earnings of six cents per share missed estimates by eight cents on a 50.5% decline in revenues. WPX Energy (WPX)WPX Energy (NYSE:WPX) shares are emerging above its 50-day moving average, ending a downtrend pattern that's been in place since late April after testing support from its late-December lows. The independent shale oil and gas producer, which is based in Oklahoma and has assets in the Permian and Williston Basins, was recently called a Top Pick by Williams Capital analysts.The company will next report results on Oct. 30 after the close. Analysts are looking for earnings of 13 cents per share on revenues of $647.1 million. When the company last reported on Aug. 5, earnings of nine cents per share beat estimates by two cents on a 61.6% rise in revenues.As of this writing, William Roth did not hold any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Industry Dividend Stocks for Growth and Income * 7 Stocks the Insiders Are Buying on Sale * 7 of the Worst Stocks on Wall Street The post 4 Ultra-Cheap Oil Stocks to Buy appeared first on InvestorPlace.
Today we are going to look at WPX Energy, Inc. (NYSE:WPX) to see whether it might be an attractive investment...
WPX (WPX) delivered earnings and revenue surprises of 28.57% and 20.33%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
WPX (WPX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
WPX Energy (WPX) plans to discuss its second-quarter 2019 financial and operations results during a webcast on Tuesday, Aug. 6, 2019, beginning at 10 a.m. Eastern. Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will discuss the company’s performance. The company also has an infrastructure portfolio in the Permian Basin.
WPX Energy Inc (NYSE: WPX ) has the potential to achieve a full-cycle return of around 130 percent — significantly higher than the 115-120% industry average cash recycle ratio — since the company’s higher ...