• Return to Headlines

Upgrade Alert for WPX Energy (WPX)

By Shiri Gupta

WPX Energy (NYSE:WPX) was upgraded from Market Perform to Outperform at BMO Capital today. The stock closed yesterday at $12.11 on volume of 7.0 million shares, below average daily volume of 12.2 million.

WPX Energy (NYSE:WPX) defies analysts with a current price ($12.11) 2.2% above its average consensus price target of $11.84. WPX Energy shares have support at the 50-day moving average (MA) of $6.90 and additional support at the 200-day MA of $6.84.

Over the past year, WPX Energy has traded in a range of $2.53 to $14.65 and closed yesterday at $12.11, 379% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 5.9%.

WPX Energy Inc. is an independent natural gas and oil exploration and production company. The Company is focused on its natural gas reserve base and related NGLs in the Piceance Basin of the Rocky Mountain region, the Bakken Shale oil play in North Dakota, and the Marcellus Shale natural gas play in Pennsylvania.

SmarTrend is tracking the current trend status for WPX Energy and will alert subscribers who have WPX in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades wpx energy

Ticker(s): WPX