NEW YORK (TheStreet) -- Shares of WPX Energy (WPX) - Get Report are sinking 3.36% to $9.48 in midday trading on Wednesday as oil prices decline.

Crude oil (WTI) is slumping 1.48% to $49.11 per barrel and Brent crude is falling 1.58% to $49.82 per barrel this afternoon.

Oil prices are trading in the red today after inventory data showed that U.S. crude stockpiles declined by less than expected last week, the Wall Street Journal reports.

U.S. crude supplies dropped by 900,000 barrels last week, according to the Energy Information Administration. Analysts had projected a decline of 1.6 million barrels.

Late yesterday, the American Petroleum Institute said its data for the same week showed that U.S. crude stocks declined by 5.2 million barrels.

"The disappointment on the lack of a sizable draw in crude stocks has taken some wind out of the market's sails," Gene McGillian, analyst at Tradition Energy, told the Journal.

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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