UPDATE: Barclays Upgrades WPX Energy (WPX) to Overweight; Strong Bakken Values

(Updated - August 30, 2012 2:06 PM EDT)

Barclays upgraded WPX Energy (NYSE: WPX) from Equalweight to Overweight with a price target of $18.00.

Analyst, Thomas R. Driscoll, said, "WPX shares have been very weak of late and we now see 18% upside to our $18 target from current levels. A recent Bakken transaction has highlighted very strong values for Bakken assets and should help overcome concerns related to current high drilling costs."

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 $15.49 yesterday.

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