How Does WPX Energy, Inc. (WPX) Stack Up Right Now?

WPX Energy, Inc. (WPX) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $14.07, down from yesterday’s close by -0.92%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

WPX Energy, Inc. (WPX) currently trades with a market capitalization of $5.65 Billion. That value represents a market adjusting for revenues that have been falling by -10.76 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$612 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$0.05 on a per share basis this quarter. Perhaps, that suggests something about why 0.99% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how WPX has been acting. Looking at the stock’s movement on the chart, WPX Energy, Inc. recorded a 52-week high of $15.44. It is now trading 1.37% off that level. The stock is trading $12.37 its 50-day moving average by -1.7%. The stock carved out a 52-week low down at $8.39.

In recent action, WPX Energy, Inc. (WPX) has made a move of +11.05% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.03, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 6.56% with $394.80 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of WPX.

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