|Bid||10.99 x 3200|
|Ask||11.32 x 1000|
|Day's Range||10.90 - 11.25|
|52 Week Range||8.79 - 20.80|
|Beta (3Y Monthly)||1.90|
|PE Ratio (TTM)||7.72|
|Earnings Date||Oct 29, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||16.54|
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
WPX Energy (WPX) announced today that it has priced its public offering of $600 million of its 5.250% Senior Notes due 2027. The net proceeds from the offering will be approximately $592.5 million after deducting underwriting discounts and commissions and before estimated offering expenses payable by WPX. WPX intends to use the net proceeds from the offering and, if necessary, any other sources of available funds, which may include borrowings under its senior secured credit facility, to fund its previously announced cash tender offers for its outstanding 6.000% Senior Notes due 2022 and 8.250% Senior Notes due 2023.
WPX Energy (WPX) announced today that it has commenced cash tender offers (the “Tender Offers”) to purchase up to $450,000,000 aggregate principal amount (as it may be increased by WPX, the “Aggregate Maximum Tender Amount”) of its outstanding 6.000 percent Senior Notes due 2022 (the “2022 Notes”) and 8.250 percent Senior Notes due 2023 (the “2023 Notes” and, together with the 2022 Notes, the “Notes”). The terms and conditions of the Tender Offers are described in an Offer to Purchase, dated Sept. 10, 2019 (the “Offer to Purchase”). WPX intends to fund the Tender Offers with the net proceeds of its proposed offering of debt securities (the “Debt Financing”) and, if necessary, any other sources of available funds, which may include borrowings under its revolving credit facility.
WPX Energy (WPX) announced today that it has commenced an underwritten public offering of $500 million of senior unsecured notes due 2027. WPX intends to use the net proceeds from the offering and, if necessary, any other sources of available funds, which may include borrowings under its senior secured credit facility, to fund the purchase of up to $450 million aggregate principal amount of its outstanding 6.000% Senior Notes due 2022 and 8.250% Senior Notes due 2023 through cash tender offers. Any excess net proceeds will be used for general corporate purposes, which may include the repayment or redemption of outstanding indebtedness.
The chairman and president of WPX Energy (WPX) are scheduled to speak at conferences in New York and Toronto, respectively, in September. WPX Chairman and Chief Executive Officer Rick Muncrief is presenting at Barclays CEO Energy-Power Conference on Tuesday, Sept. 3, at 3:05 p.m. Eastern. WPX President and Chief Operating Officer Clay Gaspar is speaking at the Peters & Co. Energy Conference on Wednesday, Sept. 11, at 2:30 p.m. Eastern.
Today we are going to look at WPX Energy, Inc. (NYSE:WPX) to see whether it might be an attractive investment...
WPX (WPX) delivered earnings and revenue surprises of 28.57% and 20.33%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
WPX (WPX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
WPX Energy (WPX) plans to discuss its second-quarter 2019 financial and operations results during a webcast on Tuesday, Aug. 6, 2019, beginning at 10 a.m. Eastern. Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will discuss the company’s performance. The company also has an infrastructure portfolio in the Permian Basin.
Despite being under the pump lately, there are investors who see the recent oil and gas slump as a temporary event and decide to build or increase their position in some of these companies.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Rick Muncrief has been the CEO of WPX Energy, Inc. (NYSE:WPX) since 1970. This report will, first, examine the CEO...