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Fly News Breaks for June 13, 2019
Jun 13, 2019 | 06:58 EDT
As previously reported, MKM Partners analyst John Gerdes started WPX Energy with a Buy rating and $15 price target. The analyst sets a 2019 production expectation target of about 162 MBOE/D, which is slightly above the company's target of 149-161 MBOE/D. Gerdes adds that the cash margin for WPX Energy is 10%-15% higher than the industry and its "full-cycle return" of about 130% is superior to the industry ratio of 115%-120%.
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