Will WPX Energy (WPX) Stock Fall on Lower Oil Prices?
NEW YORK (TheStreet) -- Shares of WPX Energy (WPX) - Get Report are rising 1.29% to $9.78 in midday trading on Monday even though oil prices are declining.
Crude oil (WTI) is dropping 1.21% to $44.86 per barrel and Brent crude is sliding 1.2% to $46.20 per barrel this afternoon.
Oil prices are being pressured today as indications emerged that U.S. shale drillers have adapted to lower prices, while signs of economic weakness in Asia resurfaced, Reuters reports.
Physical markets are also showing signs of strain as increasing oil flows have struggled to find space in pipelines.
WPX Energy is a Tulsa, OK-based oil and natural gas exploration and production company.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, weak operating cash flow, generally disappointing historical performance in the stock itself and generally high debt management risk.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: WPX