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Fly News Breaks for January 19, 2018
WPX
Jan 19, 2018 | 07:44 EDT
SunTrust analyst Neal Dingmann raised his price target on WPX Energy to $20 from $16 and kept his Buy rating. Dingmann says the company's plans for incremental activity that will generate more free cash flows remains on track, forecasting the recent rise in commodity prices and improved operating efficiencies to produce higher FCF in Q3. The analyst adds however that the roughly 60% hedge in oil prices limits the impact of higher oil in the very near term.
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