WPX Energy (WPX) Stock Higher as Oil Prices Rise

WPX Energy (WPX) stock is trading in the green Thursday afternoon as oil prices gain after yesterday's big losses.
By Kaya Yurieff ,

NEW YORK (TheStreet) -- Shares of WPX Energy (WPX) - Get Report are advancing 0.4% to $10.14 in midday trading Thursday as oil prices rebound.

Crude oil (WTI) is up 1.54% to $45.44 per barrel and Brent crude is rising 2.01% to $47.19 per barrel this afternoon.

Oil prices are increasing today after big losses in yesterday's trading session due to weak U.S. demand for fuel during the usually busy summer driving season, Reuters reports.

Additionally, a weaker dollar lifted oil prices today. Dollar-denominated commodities like oil are more attractive to foreign currency holders when the greenback is weak.

"It's always the case a day after a big rally or sell-off for people to feel it was overdone," Phil Flynn, an analyst with Price Futures Group, told Reuters.

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

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