NEW YORK (TheStreet) -- Shares of WPX Energy (WPX) - Get Report are retreating by 1.22% to $9.73 in early afternoon trading on Monday, as some oil related stocks fall along with the price of the commodity.

Oil is trading in the red for the fourth consecutive session as investors shift their focus back to the global oversupply, Reuters reports. Investors are concerned about the persistent oil glut as Iran insists on increasing its exports.

Also adding to the decline in prices today is the slowdown in rig reductions by U.S. drillers.

Rokneddin Javadi, Iran's deputy oil minister, told the Mehr news agency on Sunday that the country has no plans to stop its rise in production and exports, Reuters added.

Crude oil (WTI) is lower by 1.57% to $47.65 per barrel and Brent crude is down by 1.795 to $47.85 per barrel.

WPX Energy is a Tulsa-based oil and natural gas exploration and production company.

Separately, TheStreet Ratings has set a "sell" rating and a score of D on WPX Energy stock. This is driven by a few notable weaknesses, which TheStreet Ratings believes should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks it covers.

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.

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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