|Bid||0.00 x 3200|
|Ask||0.00 x 1000|
|Day's Range||13.11 - 13.45|
|52 Week Range||9.89 - 20.80|
|Beta (3Y Monthly)||2.77|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 20, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||19.81|
WPX (WPX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NEW YORK, Feb. 13, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Dan Loeb's Third Point Had a Weak 2018: Will 2019 Be Any Better?(Continued from Prior Part)Third Point cuts tech exposure In its third-quarter letter to investors, Third Point said that it reduced its “tech exposure meaningfully.” It is probably
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! We've lost count of how many timesRead More...
Concurrently with the deal, the Houston firm also is acquiring an additional stake in the Austin company's pipeline joint venture.
WPX Energy (WPX) President and Chief Operating Officer Clay Gaspar is scheduled to speak at the Credit Suisse Energy Summit on Feb. 11. As previously disclosed, WPX also plans to discuss its fourth-quarter and full-year 2018 financial and operations results during a webcast on Thursday, Feb. 21, 2019, beginning at 10 a.m. Eastern. WPX is an independent energy producer with core positions in the Permian and Williston basins.
WPX Energy (WPX) has signed agreements to divest certain holdings for aggregate proceeds in excess of $200 million, with closings expected in the first quarter. The sales consist of separate transactions for an equity interest in a third-party pipeline and WPX’s non-core Nine Mile Draw E&P assets in southern Reeves County, Texas. “We remain opportunistic as we manage our portfolio with respect to disciplined development and capital execution,” said Rick Muncrief, chairman and chief executive officer.
WPX Energy (WPX) is updating its full-year guidance following commodity price changes that occurred after the company released initial 2019 guidance nearly three months ago. The midpoint implies greater oil production of more than 20 percent year-over-year. Maintaining momentum into 2020 with 5-10 percent production growth from fourth-quarter 2018 to fourth-quarter 2019 based on a revised eight-rig program.
Elliott Gue is an industry-leading expert on the energy sector.. Here are some highlights from his year-ahead outlook for the industry in his Energy & Income Advisor newsletter.
To name just a few, these include Brexit, the U.S. government shutdown, decelerating global and U.S. GDP growth, and a deteriorating outlook for corporate revenue and earnings increases. Goldman Sachs has responded by compiling a list of 27 global stocks that they believe are well-positioned to grow for the long term, regardless of prevailing economic and market conditions. Among those stocks are these six: Five Below Inc. (FIVE), WPX Energy Inc. (WPX), Lumentum Holdings Inc. (LITE), Fortinet Inc. (FTNT), Yandex NV (YNDX), and PDC Energy Inc. (PDCE).
WPX Energy (WPX) plans to discuss its fourth-quarter and full-year 2018 financial and operations results during a webcast on Thursday, Feb. 21, 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. WPX is an independent energy producer with core positions in the Permian and Williston basins.
Will Oil Shift to a Higher Gear? (Continued from Prior Part) ## Oil inventories and their five-year average In the week ending December 28, US crude oil inventories were 8% higher than their five-year average—one percentage point more than the previous week. Oil prices and the inventories spread usually move inversely. If the inventories spread expands more into the positive territory, it could drag oil prices down in the coming weeks. The inventories spread is the difference between oil inventories and their five-year average. ## Oil prices, energy stocks, and the inventories spread Since the latest EIA (U.S. Energy Information Administration) data were released on January 4, US crude oil February futures have risen 1.2%. Last week, China announced a dialogue with the US about the trade war, which might have supported oil prices. On January 4–7, oil-weighted stocks WPX Energy (WPX), Whiting Petroleum (WLL), and Callon Petroleum (CPE) rose 6.1%, 7.6%, and 7.8%, respectively, and outperformed their peers. Since January 4, the S&P 500 Index (SPY) and the Dow Jones Industrial Average Index (DIA) have risen 0.7% and 0.4%, respectively. These indexes’ energy components are sensitive to oil prices. ## Fall in inventory levels On January 9, the EIA is scheduled to announce its US crude oil inventory data for last week. A fall of more than ~7.2 MMbbls (million barrels) for the week ending on January 4 would help contract the inventories spread. However, a Reuters poll suggested a fall of 3.3 MMbbls in crude oil inventories. If the EIA data were in-line with Reuters’ poll, then the inventories spread would remain at a constant level, which might concern oil prices. Continue to Next Part Browse this series on Market Realist: * Part 1 - Will Oil Shift to a Higher Gear? * Part 2 - US Oil Production Growth Might Be Slower in 2019 * Part 4 - Futures Spread: Less Bearish Sentiments for Oil?
Oil's Must-Know Drivers in 2019(Continued from Prior Part)Oil inventories and their five-year average In the week ending on December 21, US crude oil inventories were 7% higher than their five-year average—unchanged from the previous week.
On December 19–26, our list of oil-weighted stocks fell 2.2%—compared to the 4% fall in US crude oil February futures. On average, our list of oil-weighted stocks outperformed US crude oil prices. The sharp fall in US equity indexes in the past might have made oil’s fall sharper.
On December 19, US crude oil February futures rose 3.4% from the lowest closing level in more than a year and closed at $48.17 per barrel. The market wasn’t expecting a decline of 0.5 million barrels in US crude oil inventories last week, but short-covering might have pushed oil prices higher.
Investing is much like gambling, and it seems that the fortune can’t stay with the same person for too long. Well, some ups and downs are expected and logical, but what happens when there are no more ups? This seems to be the recent story for many hedge funds who have been primarily investing in […]
While the market driven by short-term sentiment influenced by uncertainty regarding the future of the interest rate environment in the US, declining oil prices and the trade war with China, many smart money investors are keeping their optimism regarding the current bull run, while still hedging many of their long positions. However, as we know, […]
Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like WPX Energy Inc (NYSE:WPX), with a market cap of US$6.2b, are often out of the Read More...