RBC Capital analyst Brad Heffern maintained a Buy rating on WPX Energy (NYSE:WPX) on Sunday, setting a price target of $8, which is approximately 47.06% above the present share price of $5.44.
Heffern expects WPX Energy to post earnings per share (EPS) of -$0.85 for the third quarter of 2020.
The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in WPX Energy, with an average price target of $8.58.
The analysts price targets range from a high of $11 to a low of $6.75.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $529 million and a net profit of -$87 million. The company's market cap is $3.04 billion.
According to TipRanks.com, RBC Capital analyst Brad Heffern is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -1.2% and a 40.83% success rate.
WPX Energy, Inc. engages in the exploration and production of oil and natural gas. It focuses on exploiting, developing and growing its oil positions in the Delaware Basin in Texas and New Mexico, and the Williston Basin in North Dakota. The company was founded on April 19, 2011 and is headquartered in Tulsa, OK.