Alert: Major Price Advance (9/16/19)-WPX Energy Inc (NYSE: WPX).

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WPX Energy Inc (NYSE: WPX) stock enjoyed a major increase of 12.8% on 9/16/19. The shares closed at $12.39. Moreover, this advance was accompanied by unusually high trading volume at 164% of normal. The stock has been weak relative to the market over the last nine months but has risen 18.3% during the last week.

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Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, WPX is expected to continue to be a modest Value Builder.

WPX Energy has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. WPX Energy has a slightly positive Appreciation Score of 62 but a very low Power Rating of 14, producing the Negative Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.

About John Lafferty 57444 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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