Drilling Down Into WPX Energy (WPX)

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 $18.85, up from yesterday’s close by 1.45%. 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 $7.62 Billion. That value represents a market adjusting for revenues that have been falling by -18.87 % 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 -$615 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.01 on a per share basis this quarter. Perhaps, that suggests something about why 1.11% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, WPX Energy, Inc. recorded a 52-week high of $19.17. It is now trading 0.32% off that level. The stock is trading $15.71 its 50-day moving average by -3.14%. The stock carved out a 52-week low down at $8.39.

In recent action, WPX Energy, Inc. (WPX) has made a move of +14.10% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 15.08, 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 9.05% with $395.75 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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