WPX Energy (WPX) Stock Upgraded at Baird

WPX Energy’s (WPX) stock rating was boosted to ‘outperform’ from ‘neutral’ at Baird on Thursday.
By Kaya Yurieff ,

NEW YORK (TheStreet) -- WPX Energy's (WPX) - Get Report stock rating was raised to "outperform" from "neutral" at Baird on Thursday, the Fly reports.

The firm also increased its price target to $12 from $8 on shares of the Tulsa, OK-based oil and natural gas company.

Baird cited the rebound in hydrocarbon pricing from depressed to modest levels as a reason for the upgrade, the Fly noted.

Shares of WPX Energy closed down 0.5% to $9.88 Thursday on lower oil prices.

Crude oil (WTI) is falling 2.58% to $44.57 per barrel and Brent crude is dropping 2.31% to $46.08 per barrel this afternoon.

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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