WPX Energy Accelerates 5-Year Vision with Opportunistic Transaction

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SunTrust Reiterates Hold Rating on WPX Energy (WPX) Following Felix Deal

December 17, 2019 7:49 AM UTC

SunTrust analyst Neal Dingmann reiterated a Hold rating and $12.00 price target on WPX Energy (NYSE: WPX) following the company's purchase of Felixs upstream assets for $2.5Bn.

Dingmann believes the deal makes sense on financial metrics, asset quality and valuation, with the... More