Seeking Alpha

WPX Energy (WPX +2.8%) is upgraded to Outperform with a $23 target price at Howard Weil, based...

WPX Energy (WPX +2.8%) is upgraded to Outperform with a $23 target price at Howard Weil, based on favorable implications from the QEP deal. Based on similar Bakken valuations, the firm says WPX is not getting credit for the remainder of its deep portfolio; combined with a strong balance sheet, WPX shares have "significant room" to move higher.
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