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Fly News Breaks for June 14, 2017
WPX
Jun 14, 2017 | 08:29 EDT
Baird analyst Daniel Katzenberg noted WPX Energy announced a 50/50 crude gathering and gas processing joint venture in the Delaware Basin, highlighting the broad economic opportunity available to the firm. The analyst believes the potential for a production guidance bump and its Q2 earnings report in August are two potential catalysts for the shares. Katzenberg reiterated his Outperform rating and raised his price target to $16 from $15 on WPX Energy shares.
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