Tulsa, Oklahoma, May 16, 2020 – Shares of WPX Energy Inc. (NYSE: WPX) inclined 1.32% to $5.36. The stock grabbed the investor’s attention and traded 13.040M shares as compared to its average daily volume of 15.56M shares.
WPX Energy Inc. (NYSE: WPX) posted revenues of $795.0M for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 24.84%. This compares to year-ago revenues of $484.0M. The company has topped consensus revenue estimates two times over the last four quarters. WPX Energy came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -18.18%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.07 per share when it actually produced earnings of $0.09, delivering a surprise of 28.57%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.
WPX has a market value of $2.95B while its EPS was booked as $0.27 in the last 12 months. The stock has 551.01M shares outstanding. In the profitability analysis, the company has gross profit margin of 95.60% while net profit margin was -2.50%. Beta value of the company was 3.66; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 1.80.