Newfield Exploration Company (NYSE:NFX) has earned a consensus rating of “Buy” from the twenty-seven analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $41.77.
Several research analysts recently commented on NFX shares. Jefferies Group LLC reissued a “buy” rating and issued a $46.00 price objective on shares of Newfield Exploration in a research note on Wednesday, May 17th. Barclays PLC restated an “equal weight” rating and issued a $22.00 target price (down from $23.00) on shares of Newfield Exploration in a report on Wednesday, August 9th. Williams Capital set a $45.00 target price on Newfield Exploration and gave the company a “buy” rating in a report on Wednesday, August 2nd. Cowen and Company set a $35.00 target price on Newfield Exploration and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, Zacks Investment Research upgraded Newfield Exploration from a “sell” rating to a “hold” rating in a report on Thursday, August 10th.
Newfield Exploration (NFX) traded up 2.75% on Friday, hitting $25.82. 2,352,863 shares of the company were exchanged. Newfield Exploration has a 52-week low of $24.41 and a 52-week high of $50.00. The stock’s 50-day moving average price is $26.25 and its 200-day moving average price is $31.11. The stock has a market capitalization of $5.10 billion, a P/E ratio of 16.74 and a beta of 1.49.
Newfield Exploration (NYSE:NFX) last posted its quarterly earnings data on Tuesday, August 1st. The energy company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). Newfield Exploration had a net margin of 18.82% and a return on equity of 33.17%. The firm had revenue of $402.00 million during the quarter, compared to analyst estimates of $413.70 million. During the same period in the prior year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts anticipate that Newfield Exploration will post $1.87 earnings per share for the current fiscal year.
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In related news, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $26.18, for a total transaction of $314,160.00. Following the completion of the transaction, the insider now directly owns 279,322 shares in the company, valued at approximately $7,312,649.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roger B. Plank bought 3,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of $25.98 per share, with a total value of $77,940.00. Following the completion of the acquisition, the director now directly owns 30,787 shares in the company, valued at $799,846.26. The disclosure for this purchase can be found here. Company insiders own 0.54% of the company’s stock.
A number of institutional investors have recently made changes to their positions in NFX. Nationwide Fund Advisors boosted its holdings in Newfield Exploration by 8.8% during the 1st quarter. Nationwide Fund Advisors now owns 59,026 shares of the energy company’s stock valued at $2,179,000 after acquiring an additional 4,786 shares during the period. ProShare Advisors LLC boosted its holdings in Newfield Exploration by 2.6% during the 1st quarter. ProShare Advisors LLC now owns 46,321 shares of the energy company’s stock valued at $1,710,000 after acquiring an additional 1,158 shares during the period. Strs Ohio boosted its holdings in Newfield Exploration by 11.4% during the 1st quarter. Strs Ohio now owns 14,919 shares of the energy company’s stock valued at $550,000 after acquiring an additional 1,521 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in Newfield Exploration by 2.7% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 16,253 shares of the energy company’s stock valued at $599,000 after acquiring an additional 431 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in Newfield Exploration by 141.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 23,400 shares of the energy company’s stock valued at $864,000 after acquiring an additional 13,700 shares during the period. Institutional investors own 99.15% of the company’s stock.
Newfield Exploration Company Profile
Newfield Exploration Company is an independent exploration and production company. It is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. Its operating segments are the United States and China. Its the United States operations are onshore and focus primarily on large scale, liquids resource plays.
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