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Last $13.97 USD
Change Today +0.14 / 1.01%
Volume 3.4M
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

wpx energy inc (WPX) Snapshot

Open
$13.62
Previous Close
$13.83
Day High
$14.02
Day Low
$13.50
52 Week High
09/4/14 - $26.79
52 Week Low
12/16/14 - $10.01
Market Cap
2.9B
Average Volume 10 Days
4.1M
EPS TTM
$-0.13
Shares Outstanding
204.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WPX ENERGY INC (WPX)

wpx energy inc (WPX) Related Businessweek News

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wpx energy inc (WPX) Details

WPX Energy, Inc., an independent natural gas and oil exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company focuses on exploiting natural gas reserves base and related natural gas liquids in the Piceance Basin of the Rocky Mountain region, as well as developing and growing oil positions in the Williston Basin in North Dakota and the San Juan Basin in the southwestern United States. As of December 31, 2014, it had proved reserves of 4,360 billion cubic feet of gas equivalent. WPX Energy, Inc. was incorporated in 2011 and is headquartered in Tulsa, Oklahoma.

1,100 Employees
Last Reported Date: 02/26/15
Founded in 2011

wpx energy inc (WPX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $498.5K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $358.3K
Senior Vice President of Operations and Resou...
Total Annual Compensation: $77.9K
Senior Vice President and General Counsel
Total Annual Compensation: $348.8K
Senior Vice President of Business Development
Total Annual Compensation: $394.8K
Compensation as of Fiscal Year 2014.

wpx energy inc (WPX) Key Developments

WPX Energy Seeks Acquisitions

WPX Energy, Inc. (NYSE:WPX) is seeking acquisitions. Rick Muncrief, Chief Executive Officer, said, "We're also going to be opportunistic. When we talk about being opportunistic, we look across our three assets. We see all types of opportunities: enhanced stimulations, partnering, bolt-on acquisitions. There's all sorts of things that we see are opportunistic in our three basins. We are going to continue to do that."

WPX Energy, Inc. Continues Expand its San Juan Basin by Building Out New Oil, Gas and Water Gathering System with Installation of New Pipeline

In the San Juan Basin Gallup, WPX Energy, Inc. also continues to further margin expansion by building out a new oil, gas and water gathering system for its Gallup development activity with the installation of new pipeline.

WPX Energy, Inc. Announces Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2015; Revises Operating Guidance and Re-Affirms Capital Expenditure Guidance for the Full Year of Fiscal 2015

WPX Energy, Inc. announced unaudited consolidated earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company announced total revenues of $572 million compared to $894 million for the same period a year ago. Operating income was $67 million compared to $42 million for the same period a year ago. Income from continuing operations before income taxes was $35 million compared to $13 million for the same period a year ago. Income from continuing operations attributable to the company was $22 million or $0.11 per basic and diluted share. Net income was $68 million compared to $19 million for the same period a year ago. Net income attributable to the company was $67 million or $0.32 per diluted share compared to $18 million or $0.09 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $194 million compared to $206 million for the same period a year ago. Capital expenditures were $480 million compared to $352 million for the same period a year ago. The capital expenditures increases related to properties and equipment for the first quarter totaled $297 million compared to $372 million in the first quarter of 2014. On an adjusted basis, first-quarter 2015 income from continuing operations was $19 million or $0.09 per share despite materially lower commodity prices compared to $26 million or $0.13 per share for the same period a year ago. EBITDAX was $337 million compared to $269 million for the same period a year ago. Adjusted EBITDAX was $252 million compared to $277 million for the same period a year ago. For the quarter, the company announced that its overall production was 169.1 Mboe/d, or 1,014 MMcfe/d compared to 169.4 Mboe/d, or 1,016 MMcfe/d for the same period a year ago. The company average almost 35,000 barrels per day of oil in the first quarter of 2015. In the first quarter after the WPX spinoff 3 years ago, the company is producing about 10,000 barrels a day domestically. The San Juan team continues their impressive results with over 8,000 barrels per day of production. This level means the company is able to achieve a 376% increase over the last year. These results are not surprising given the efficiencies that team has been able to accomplish. NGL production for the quarter came in at nearly 17,000 barrels per day, down slightly from last year, as the ethane recovery rate averaged 17% for the quarter. As Clay noted, the total liquids production has surpassed the 50,000 barrels per day mark with crude and NGL volumes accounting for 30% of the total production. The company revised operating guidance and re-affirmed capital expenditure guidance for the full year of fiscal 2015. The company is now targeting 20% to 25% growth in oil volumes this year, up from its original expectation of 15% to 20% growth announced in February. Driven by continued growth in oil volumes, the company is raising its full-year 2015 production guidance to a range of 152 Mboe/d to 160 Mboe/d, up from its original estimate of 146 Mboe/d to 154 Mboe/d. Also despite an increase in oil volumes, the company is lowering guidance on LOE per barrel at $3.75 to $4.75. At the same time, the company is lowering range on GP&T cost per barrel by $0.25. The company's guidance for 2015 capital spending remains the same as its original forecast of $675 million to $775 million. Approximately $20 million of this amount was shifted from the Piceance Basin to the San Juan Basin.

 

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Industry Analysis

WPX

Industry Average

Valuation WPX Industry Range
Price/Earnings 20.0x
Price/Sales 1.2x
Price/Book 0.7x
Price/Cash Flow 2.5x
TEV/Sales 0.3x
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