WPX Energy, Inc. ( WPX ) is an independent natural gas and oil exploration and production company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on WPX's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that WPX Energy could be a solid choice for investors.
Current Quarter Estimates for WPX
In the past 30 days, 2 estimates have gone higher for WPX Energy while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 13 cents a share 30 days ago, to a loss of 10 cents today, a move of 23.1%.
Current Year Estimates for WPX
Meanwhile, WPX Energy's current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none moving lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 18 cents per share 30 days ago to a loss of 8 cents per share today, an increase of 55.6%.
The stock has also started to move higher lately, adding 6.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) tock to profit in the near future.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.