Last $11.04 USD
Change Today -0.07 / -0.63%
Volume 3.4M
WPX On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

wpx energy inc (WPX) Snapshot

Open
$11.02
Previous Close
$11.11
Day High
$11.21
Day Low
$10.71
52 Week High
09/4/14 - $26.79
52 Week Low
12/16/14 - $10.01
Market Cap
2.3B
Average Volume 10 Days
5.4M
EPS TTM
$0.22
Shares Outstanding
203.9M
EX-Date
--
P/E TM
51.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for WPX ENERGY INC (WPX)

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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

wpx energy inc (WPX) Top Compensated Officers

Senior Vice President of Business Development
Total Annual Compensation: $363.9K
Compensation as of Fiscal Year 2013.

wpx energy inc (WPX) Key Developments

WPX Energy Inc. Plans 83 Employees Layoffs

WPX Energy Inc. announced that it will lay off about 83 employees companywide, shrinking its workforce by 8%, and slash its Denver employee count 90% as low commodity prices continue to hammer energy companies nationwide. In Denver, 25 people were notified their positions are being eliminated. Another 120 people will be offered the chance to move to Tulsa, where WPX is consolidating its headquarters staff. Layoffs in other areas of the company included 44 jobs in Tulsa, 11 in Parachute, Colorado, two in New Mexico and one in North Dakota.

WPX Energy, Inc. Announces Unaudited Consolidated Earnings and Production Results for the Fourth Quarter and the Year Ended December 31, 2014

WPX Energy, Inc. announced unaudited consolidated earnings and production results for the fourth quarter and the year ended December 31, 2014. For the quarter, the company reported total revenues of $1,125 million compared with $576 million a year ago. Operating income was $380 million against operating loss of $1,362 million a year ago. Income from continuing operations before income taxes was $346 million against loss from continuing operations before income taxes of $1,409 million a year ago. Income from continuing operations was $227 million against loss from continuing operations of $890 million a year ago. Net income attributable to the company was $219 million or $1.06 per diluted share compared with net loss attributable to the company of $973 million or $4.85 per diluted share a year ago. EBITDAX was $663 million compared with LBITDAX of $888 million a year ago. Adjusted EBITDAX was $238 million compared with $156 million a year ago. Adjusted income from continuing operations available to common stockholders was $7 million or $0.03 per diluted share compared with adjusted loss from continuing operations available to common stockholders of $73 million or $0.36 per diluted share a year ago. For the full year, the company reported total revenues of $3,493 million compared with $2,431 million a year ago. Operating income was $326 million against Operating loss of $1,601 million a year ago. Income from continuing operations before income taxes was $204 million against loss from continuing operations before income taxes of $1,728 million a year ago. Income from continuing operations was $129 million against loss from continuing operations of $1,104 million a year ago. Net income attributable to the company was $164 million or $0.80 per diluted share compared with net loss attributable to the company of $1,185 million or $5.91 per diluted share a year ago. Net cash provided by operating activities was $1,070 million against $636 million a year ago. Capital expenditures were $1,807 million against $1,154 million a year ago. EBITDAX was $1,352 million compared with LBITDAX of $426 million a year ago. Adjusted EBITDAX was $967 million compared with $648 million a year ago. Adjusted income from continuing operations available to common stockholders was $24 million or $0.12 per diluted share compared with adjusted loss from continuing operations available to common stockholders of $263 million or $1.31 per diluted share a year ago. For the quarter, the company reported total production 1,032 MMcfe/d against 1,021 MMcfe/d a year ago. For the year, the company reported total production 1,023 MMcfe/d against 1,030 MMcfe/d a year ago.

WPX Energy, Inc. Reports Production Results for the Fourth Quarter of 2014; Provides Production Guidance for 2015

WPX Energy, Inc. reported production results for the fourth quarter of 2014. For the quarter, oil volumes rose 6,500 barrels per day to approximately 32,300 barrels per day, accounting for nearly 20% of the company’s equivalent production. This marked a 25% sequential-quarter increase over third-quarter 2014 oil production of 25,800 barrels per day. For 2015, the company expects its oil production to climb again in 2015. The company is targeting 15 to 20% oil growth this year even as it decreases capital spending and builds an inventory of wells awaiting completion for when commodity prices are more favorable. The company’s expected increase in oil production this year will be offset, in part, by an expected decline of about 4% in overall equivalent production from reduced development activity, normalized for divestitures over the past year. The company anticipates that the cash expenditures it reports in 2015 will exceed $725 million. This difference primarily relates to capital costs incurred in 2014 but paid for in 2015.

 

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Industry Analysis

WPX

Industry Average

Valuation WPX Industry Range
Price/Earnings 18.8x
Price/Sales 0.7x
Price/Book 0.5x
Price/Cash Flow 2.1x
TEV/Sales NM Not Meaningful
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