WPX Energy (TSE:WPX) Stock: FBR & Co. Starts Coverage with “Outperform” Outlook

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FBR Capital Analyst Rating Report WPX Energy TSE:WPX

WPX Energy (TSE:WPX) Price Target & New Coverage by FBR & Co.

Analysts at FBR & Co. began coverage on shares of WPX Energy (TSE:WPX) in a research note revealed to clients and investors on Tuesday morning. The broker set “Outperform” rating on the stock. FBR & Co.’s PT of $16.0 suggests potential of 25.10 % from the stock’s close price.

After the coverage TSE:WPX is right now trading 0.00% lower at $0.14 as of 01:05 New York time. WPX Energy’s stock is up 16.82% over the past 200 days. It has outperformed the S&P500, which has gained 4.81% over the same time period.

WPX Stock Chart

WPX Energy (TSE:WPX) Profile

Western Potash Corp. is a Canada-based development-stage potash company. The Company is engaged in the business of the acquisition, exploration and development of potash mineral properties. The Company’s segment is being the acquisition, exploration and development of mineral properties in Canada.

WPX Energy (TSE:WPX) closed at $0.14 yesterday. A total of 23,000 shares of the company’s stock traded hands. This is down from average of 176,162 shares. WPX Energy has a 52 week low of $0.14 and a 52 week high of $0.26. The company has a market cap of $63.15 million and a P/E ratio of 0.

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