UPDATE: Barclays Downgrades WPX Energy (WPX) to Equalweight; Adjusting Estimates, Prefer EOG & NBL

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(Updated - July 2, 2012 2:07 PM EDT)

Barclays downgraded WPX Energy (NYSE: WPX) from Overweight to Equalweight with a price target of $19.00 (from $24.00).

Analyst, Thomas Driscoll, makes adjustments to forecasts, oil and NGL price assumptions. In the large-cap space, Driscoll prefers EOG (NYSE: EOG) and Noble (NYSE: NBL).

FY12 EPS loss raised from -0.30 to -0.65 and FY13 from -0.60 to -1.30

For an analyst ratings summary and ratings history on WPX Energy click here. For more ratings news on WPX Energy click here.

Shares of WPX Energy closed at $16.18 yesterday, with a 52 week range of $13.22-$19.74.

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