WPX Jun 2020 17.000 call

OPR - OPR Delayed Price. Currency in USD
0.2900
0.0000 (0.00%)
As of 1:51PM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close0.2900
Open0.2900
Bid0.4000
Ask0.5500
Strike17.00
Expire Date2020-06-19
Day's Range0.2900 - 0.2900
Contract RangeN/A
Volume10
Open Interest16
  • Ferrellgas Partners' (FGP) Q1 Loss Narrows, Revenues Drop Y/Y
    Zacks

    Ferrellgas Partners' (FGP) Q1 Loss Narrows, Revenues Drop Y/Y

    Ferrellgas Partners' (FGP) first-quarter fiscal 2020 revenues declined on a year-over-year basis.

  • Hedge Funds Are Betting On WPX Energy Inc (WPX)
    Insider Monkey

    Hedge Funds Are Betting On WPX Energy Inc (WPX)

    It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]

  • Business Wire

    Clay M. Gaspar Elected to WPX’s Board of Directors

    WPX Energy (WPX) President and Chief Operations Officer Clay M. Gaspar has been elected to the company’s board of directors effectively immediately. Gaspar has held increasing levels of leadership with WPX since joining the company in 2014. He is a member of the Society of Petroleum Engineers and holds a bachelor’s degree in petroleum engineering from Texas A&M and a master’s degree in petroleum and geosciences engineering from the University of Texas at Austin.

  • Noble Energy (NBL) Q3 Loss Narrower Than Expected, Sales Lag
    Zacks

    Noble Energy (NBL) Q3 Loss Narrower Than Expected, Sales Lag

    Noble Energy's (NBL) Q3 loss is narrower than expected. The company lowers its 2019 capital expenditure guidance, indicating that its important projects are close to completion.

  • Devon (DVN) Tops Q3 Earnings Estimates, Raises Guidance
    Zacks

    Devon (DVN) Tops Q3 Earnings Estimates, Raises Guidance

    Devon Energy's (DVN) Q3 earnings are better than expected on the back of strong production from its U.S. assets and cost-cutting initiatives.

  • Thomson Reuters StreetEvents

    Edited Transcript of WPX earnings conference call or presentation 31-Oct-19 2:00pm GMT

    Q3 2019 WPX Energy Inc Earnings Call

  • WPX Energy (WPX) Q3 Earnings Lag Estimates, Revenues Beat
    Zacks

    WPX Energy (WPX) Q3 Earnings Lag Estimates, Revenues Beat

    WPX Energy's (WPX) Q3 earnings miss expectation. Strong production from Delaware and Williston basins allows the company to raise total production forecast for 2019.

  • Murphy Oil (MUR) Beats Q3 Earrings and Revenue Estimates
    Zacks

    Murphy Oil (MUR) Beats Q3 Earrings and Revenue Estimates

    Strong revenues from customers drive Murphy Oil's (MUR) Q3 results.

  • WPX Energy (WPX) Q3 Earnings Miss Estimates
    Zacks

    WPX Energy (WPX) Q3 Earnings Miss Estimates

    WPX (WPX) delivered earnings and revenue surprises of -18.18% and 24.84%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Business Wire

    WPX Energy Reports 3Q 2019 Results

    Delivers free cash flow, capital discipline and share repurchase progress

  • CNX Resources (CNX) Posts Narrower-Than-Expected Q3 Loss
    Zacks

    CNX Resources (CNX) Posts Narrower-Than-Expected Q3 Loss

    CNX Resources (CNX) third-quarter 2019 revenues increase on a year-over-year basis.

  • Zacks

    WPX Energy (WPX) to Report Q3 Earnings: What's in the Cards?

    WPX Energy's (WPX) third-quarter earnings are likely to have benefited from rising oil production from high-quality assets.

  • Some WPX Energy (NYSE:WPX) Shareholders Are Down 48%
    Simply Wall St.

    Some WPX Energy (NYSE:WPX) Shareholders Are Down 48%

    In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...

  • Moody's

    WPX Energy, Inc. -- Moody's announces completion of a periodic review of ratings of WPX Energy, Inc.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of WPX Energy, Inc. New York, October 24, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of WPX Energy, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • WPX Energy (WPX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks

    WPX Energy (WPX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    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.

  • Is WPX Energy Inc (WPX) Going To Burn These Hedge Funds ?
    Insider Monkey

    Is WPX Energy Inc (WPX) Going To Burn These Hedge Funds ?

    The elite funds run by legendary investors such as David Tepper and Dan Loeb make hundreds of millions of dollars for themselves and their investors by spending enormous resources doing research on small cap stocks that big investment banks don't follow. Because of their pay structures, they have strong incentives to do the research necessary […]

  • 3 “Strong Buy” Oil Stocks with Over 30% Upside
    TipRanks

    3 “Strong Buy” Oil Stocks with Over 30% Upside

    Oil prices continued their near-month-long, post-September 16, post-Saudi Arabian drone attack slide on Tuesday. After falling 5.5% last week, WTI Crude futures closed down 0.3% at $52.46 yesterday, and Brent Crude was off a similar 0.3%, closing at $59.07.The reason, unfortunately, is not that the Middle East has suddenly become a safer place to do business. It hasn't, with a new border war due to break out along the Iraq-Turkey border any day now, and a Saudi response to Iran's (alleged) strike against its oil facilities still pending. Instead, market participants are becoming more anxious about the next round of U.S.-China trade talks later this week, and what a failure of the two superpowers to reach an accommodation might mean for the global economy.Naturally, worries like these are pushing the price of oil stocks down in tandem with oil prices. For example, independent oil and gas exploration and production company Pioneer Natural Resources has lost 16% of its value since the September 16 attacks. Another independent producer, CNX Resources, has lost 20%, while yet a third, WPX Energy, is down 21%.But here's the good news: According to the consensus of Wall Street analysts, all three of these stocks could go back up -- as much as 30%. Let's take a closer look:CNX Resources (CNX)The most heavily leveraged of these three "strong buy" rated oil stocks, CNX Resources boasts a $1.3 billion market capitalization ... and $2.8 billion in debt.Despite all the debt, CNX Resources is a profitable operation, generating more than $300 million in net profit over the last 12 months -- enough to give the stock a trailing P/E ratio of just over 4.2. The stock is not free cash flow positive, however, burning through more than $250 million in cash over the last 12 months.Still, in a note recommending the stock, Jefferies analyst Zach Parham predicted that "a more capital efficient budget than expected in 2020," combined with plans to "hold production flat in 2021" hold out the prospect for CNX generating positive free cash flow in the near future -- which would provide cash CNX could use to pare its debt load.Parham predicts the stock could close out this year with about $85 million in free cash flow -- and grow that number by nearly half, to perhaps $110 million, in 2021. With a $10 price target on the stock, the analyst believes the stock can rise about 40% over the next 12 months. (To watch Parham's track record, click here)"CNX remains one of only two Buy rated gassy E&Ps (along with COG), as we believe CNX can generate growth and FCF in 2020, while also having the potential to bring forward value through asset sales (CNXM GP, CNXM units, remaining midstream assets, CBM, etc)," the analyst concluded.How does Parham's bullish bet weigh in against the Street? It appears the analyst is not the only one enthusiastic on this oil stock, with TipRanks analytics demonstrating CNX as a Strong Buy. Out of 3 analysts polled in the last 3 months, all 3 are bullish on the stock. With a return potential of nearly 36%, the stock’s consensus target price stands at $9.67. (See CNX stock analysis on TipRanks)WPX Energy (WPX) Next on our list today is another three-lettered oil company: WPX. Like CNX, it's a debt-laden company with strong GAAP profits but no free cash flow to speak of -- in fact, WPX burned through nearly a half-billion dollars in cash over the last year. But with a $4.1 billion market capitalization, WPX is a bit bigger, and perhaps a bit better able to manage its debt -- which at $2.1 billion net of cash, is actually a bit lighter than what CNX is carrying around.One bright note on this stock: Last quarter marked the first quarter in more than a year that WPX generated positive free cash flow from its business. It wasn't a lot -- $39 million to be precise -- but it might have been a sign of better times to come.Guggenheim analyst Subash Chandra highlighted positive free cash in Q2 combined with 10% production growth and the prospect of $55-a-barrel oil prices as supporting hopes for consistent cash generation at the company -- beginning with another $56 million generated in Q3. While risk-averse investors might prefer to see the company use some of this cash to begin paying down debt, Chandra believes it's more likely that WPX will deploy its cash as part of "a $400mm stock buyback program" -- which to be sure, would also be a plus for shareholders."The company pushed the maturity wall to 2023 while reducing borrowing costs [...] At $55 oil, we estimate a FCF yield of 9-10% assuming maintenance capex of $900mm next year, with potential upside if WPX can achieve the 15-20% LOE improvements targeted. Markets may worry about Bakken inventory as the play has been the primary oil growth driver. But otherwise WPX has addressed many issues dogging other companies. We expect shares to outperform with our price target upside potential realized if an appetite for 2P resources return," the analyst opined.And as far as target prices go, Chandra is even more optimistic than most other analysts. Whereas the consensus on Wall Street is that WPX will go to $15 over the next year (53% upside), Chandra thinks the shares are worth at least $17 -- which if correct, would mean 73% profits for investors who buy today. (See WPX Energy stock analysis on TipRanks)Pioneer Natural (PXD)Last and far from least, we come to Pioneer Natural -- at $20.6 billion in market cap, by far the biggest of these three oil companies. That's not all that Pioneer stock has to recommend it, though.With only a $1.6 billion debt load (net of cash), Pioneer sports by far the cleanest balance sheet of this bunch, the least leverage, and the lowest level of absolute debt to boot. It's also the only one of these companies in sufficiently fine financial fettle to sustain a regular dividend payment -- 1.4%.Evercore ISI analyst Stephen Richardson, who recommends the stock, praised Pioneer for raising its dividend in its Q2 update -- a report that also featured reductions in general and administrative spending. Like WPX, Richardson noted that Pioneer is conducting a buyback program, having repurchased $200 million worth of stock in the quarter. The analyst liked the fact that after declaring that he "saw value and ... a discount to intrinsic value" in the stock price, Pioneer's board moved quickly to put its money where its mouth was, and scoop up some cheap stock.And speaking of cheap ... Wall Street in general thinks this stock is pretty cheap, too. Predicting the shares will fetch more than $180 12 months from now, the consensus on the Street is that within a year, people buying Pioneer stock at today's prices could be sitting on a 46.5% profit! (See Pioneer Natural stock analysis on TipRanks)

  • Brookfield Infrastructure Issues $500M Notes to Repay Debt
    Zacks

    Brookfield Infrastructure Issues $500M Notes to Repay Debt

    Brookfield Infrastructure Partners (BIP) issues $500 million of 3.538% medium-term notes. The proceeds from the same are going to be used for refinancing old debts and funding its pipeline projects.

  • Black Hills (BKH) Prices $700M Notes to Refinance Debts
    Zacks

    Black Hills (BKH) Prices $700M Notes to Refinance Debts

    Black Hills Corporation (BKH) is set to issue $700 million notes to refinance outstanding debt and utilize balance proceeds for general corporate purposes.

  • Omega’s Cooperman Says 3 Stocks Will Lead Bull Run Far From Over
    Investopedia

    Omega’s Cooperman Says 3 Stocks Will Lead Bull Run Far From Over

    Billionaire hedge-fund investor Leon Cooperman thinks the 10-year-old great bull stock market is far from over, which to him means there is plenty of upside left. Quite simply, bull markets don’t end when stocks reach fair valuations, which is the case today, the CEO of Omega Advisors said.

  • We Think WPX Energy (NYSE:WPX) Is Taking Some Risk With Its Debt
    Simply Wall St.

    We Think WPX Energy (NYSE:WPX) Is Taking Some Risk With Its Debt

    Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

  • WPX Energy (WPX) Prices Notes Worth $600M to Refinance Debts
    Zacks

    WPX Energy (WPX) Prices Notes Worth $600M to Refinance Debts

    WPX Energy (WPX) is set to issue $600 million senior notes to refinance outstanding debt and for general corporate purposes.