Last $21.06 USD
Change Today -0.75 / -3.44%
Volume 3.1M
WPX On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

wpx energy inc (WPX) Snapshot

Open
$21.87
Previous Close
$21.81
Day High
$22.27
Day Low
$21.04
52 Week High
06/23/14 - $24.35
52 Week Low
03/17/14 - $16.80
Market Cap
4.3B
Average Volume 10 Days
3.0M
EPS TTM
$-0.72
Shares Outstanding
202.2M
EX-Date
--
P/E TM
--
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, is engaged 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, as well as developing and growing oil positions. Its principal areas of operation include the Piceance Basin, Williston Basin, San Juan Basin, Appalachian Basin, and Powder River Basin. The company also owns a 69% ownership interest in Apco Oil and Gas International Inc., which holds oil and gas concessions in Argentina and Colombia. As of December 31, 2013, it had proved reserves of 4,905 billion cubic feet of gas equivalent (Bcfe) comprising 4,762 Bcfe in domestic reserves and 143 Bcfe in international reserves. The company has a strategic alliance with Legacy Reserves LP. WPX Energy, Inc. is based in Tulsa, Oklahoma.

1,200 Employees
Last Reported Date: 02/27/14

wpx energy inc (WPX) Top Compensated Officers

Senior Vice President of Operations
Total Annual Compensation: $363.9K
Senior Vice President of Exploration
Total Annual Compensation: $300.2K
Compensation as of Fiscal Year 2013.

wpx energy inc (WPX) Key Developments

WPX Energy Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Full Year of 2014

WPX Energy reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total product revenues of $620 million compared to $460 million for the same period a year ago. Total revenues were $987 million compared to $631 million last year. Operating income was $67 million compared to operating loss of $158 million last year. Income before income taxes was $42 million compared to loss before income taxes of $176 million last year. Net income was $19 million compared to net loss of $113 million last year. Net income attributable to the company was $18 million or $0.09 per basic and diluted share compared to net loss attributable to the company of $116 million or $0.58 per basic and diluted share last year. Net cash provided by operating activities was $206 million compared to $144 million last year. Capital expenditures were $352 million compared to $271 million last year. Adjusted income from continuing operations available to common stockholders was $44 million or $0.21 per diluted share compared to adjusted loss from continuing operations available to common stockholders of $51 million or $0.25 per diluted share last year. EBITDAX was $293 million compared to $100 million last year. Adjusted EBITDAX was $320 million compared to $203 million last year. The company reported production results for the first quarter ended March 31, 2014. For the quarter, the company reported total natural gas production of 975 MMcf/d increased slightly over the sequential quarter production of 971 MMcf/d. Total natural gas liquids (NGL) production of 18.1 Mbbl/d decreased 10% compared to the sequential quarter. This was the result of a 26.5% ethane recovery rate compared with the company's plan for a 37% recovery rate in 2014. Total production was 1,230 MMcfe/d compared to 1,268 MMcfe/d last year. The company provides earnings guidance for the full year of 2014. The company expects 2014 adjusted EBITDAX to be in the $1.1 billion range.

Legacy Reserves Lp Announces Strategic Alliance with WPX Energy

Legacy Reserves LP announced it has formed a strategic alliance with WPX Energy, Inc. through a pending Piceance Basin acquisition for $355 million in cash consideration plus a portion of Legacy's newly-created Incentive Distribution Units.

WPX Energy Announces Management Changes

WPX Energy has named Richard E. (Rick) Muncrief as the company's next president and chief executive officer. The appointment is effective May 15, 2014. He also will join the WPX board following the company's annual meeting of shareholders on May 22, 2014. Muncrief, 55, is a petroleum engineer who has more than 30 years of upstream and midstream energy experience, most recently as senior vice president of operations and resource development at Continental Resources where he oversaw corporate engineering, reservoir development, drilling, production operations and supply chain management. James J. Bender, who has been serving as WPX president, CEO and board member on an interim basis since December 2013, plans to retire upon completing the transition of his duties to Muncrief. WPX retained Spencer Stuart to assist the company in its search process for a new chief executive officer.

 

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WPX

Industry Average

Valuation WPX Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.3x
Price/Book 1.1x
Price/Cash Flow 24.6x
TEV/Sales 0.7x
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