WPX Energy, Inc. is an independent oil and natural gas exploration and production company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on WPX’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that WPX Energy could be a solid choice for investors.
Current Quarter Estimates for WPX
In the past 30 days, one estimate has gone higher for WPX Energy while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 16 cents a share 30 days ago, to a loss of 15 cents today, a move of 6.3%.
Current Year Estimates for WPX
Meanwhile, WPX Energy current year figures are also looking quite promising, with three estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 59 cents per share 30 days ago to a loss of 55 cents per share today, an increase of 6.8%.
WPX Energy, Inc. Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 11.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Increased Earnings Estimates Seen for WPX Energy (WPX): Can It Move Higher?
WPX Energy, Inc. is an independent oil and natural gas exploration and production company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on WPX’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that WPX Energy could be a solid choice for investors.
Current Quarter Estimates for WPX
In the past 30 days, one estimate has gone higher for WPX Energy while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 16 cents a share 30 days ago, to a loss of 15 cents today, a move of 6.3%.
Current Year Estimates for WPX
Meanwhile, WPX Energy current year figures are also looking quite promising, with three estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 59 cents per share 30 days ago to a loss of 55 cents per share today, an increase of 6.8%.
WPX Energy, Inc. Price and Consensus
WPX Energy, Inc. Price and Consensus | WPX Energy, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 11.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
4 Promising Stock Picks to Keep an Eye On
With news stories about computer hacking and identity theft becoming increasingly commonplace, the cybersecurity industry looks like a promising investment opportunity. But which stocks should you buy? Zacks just released Cybersecurity: An Investor’s Guide to Locking Down Profits to help answer this question.
This new Special Report gives you the information you need to make well-informed investment choices in this space. More importantly, it also highlights 4 cybersecurity picks with strong profit potential.
Get the new Investing Guide now>>