- WPX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $81.6 million.
- WPX has traded 1.2 million shares today.
- WPX is trading at 2.12 times the normal volume for the stock at this time of day.
- WPX is trading at a new low 3.07% below yesterday's close.
'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize (or avoid losses by trimming weak positions). In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success. EXCLUSIVE OFFER: Get the inside scoop on opportunities in WPX with the Ticky from Trade-Ideas. See the FREE profile for WPX NOW at Trade-Ideas More details on WPX: WPX Energy, Inc., an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. Currently there are 8 analysts that rate WPX Energy a buy, 2 analysts rate it a sell, and 5 rate it a hold. The average volume for WPX Energy has been 11.7 million shares per day over the past 30 days. WPX Energy has a market cap of $1.7 billion and is part of the basic materials sector and energy industry. The stock has a beta of 2.42 and a short float of 24.1% with 3.47 days to cover. Shares are up 19.2% year-to-date as of the close of trading on Wednesday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. TheStreetRatings.com Analysis: TheStreet Quant Ratings rates WPX Energy as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally high debt management risk and generally disappointing historical performance in the stock itself. Highlights from the ratings report include:
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 800.5% when compared to the same quarter one year ago, falling from $219.00 million to -$1,534.00 million.
- Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, WPX ENERGY INC's return on equity significantly trails that of both the industry average and the S&P 500.
- Net operating cash flow has decreased to $182.00 million or 37.45% when compared to the same quarter last year. Despite a decrease in cash flow of 37.45%, WPX ENERGY INC is in line with the industry average cash flow growth rate of -39.13%.
- WPX's debt-to-equity ratio of 0.90 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Despite the fact that WPX's debt-to-equity ratio is mixed in its results, the company's quick ratio of 0.52 is low and demonstrates weak liquidity.
- Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 36.05%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 694.54% compared to the year-earlier quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
- You can view the full WPX Energy Ratings Report.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.