Newfield Exploration Company (NYSE:NFX) received a $34.00 price target from stock analysts at BMO Capital Markets in a report released on Tuesday. The brokerage presently has a “hold” rating on the energy company’s stock. BMO Capital Markets’ price target indicates a potential upside of 14.02% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. J P Morgan Chase & Co reissued an “overweight” rating and set a $36.00 target price (down previously from $40.00) on shares of Newfield Exploration in a research report on Wednesday, August 9th. Piper Jaffray Companies cut their target price on shares of Newfield Exploration from $53.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. Zacks Investment Research downgraded shares of Newfield Exploration from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Jefferies Group LLC set a $40.00 target price on shares of Newfield Exploration and gave the company a “buy” rating in a research report on Tuesday, August 29th. Finally, Stifel Nicolaus set a $37.00 target price on shares of Newfield Exploration and gave the company a “buy” rating in a research report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have issued a buy rating to the company. Newfield Exploration currently has an average rating of “Buy” and an average price target of $38.96.
Shares of Newfield Exploration (NYSE:NFX) opened at $29.82 on Tuesday. Newfield Exploration has a twelve month low of $24.41 and a twelve month high of $50.00. The firm has a market cap of $6,405.77, a PE ratio of 15.97, a P/E/G ratio of 1.35 and a beta of 1.47. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87.
Newfield Exploration (NYSE:NFX) last announced its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. The company had revenue of $439.00 million during the quarter, compared to analyst estimates of $419.75 million. During the same quarter last year, the business posted $0.45 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. equities analysts forecast that Newfield Exploration will post 2.06 earnings per share for the current fiscal year.
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In other Newfield Exploration news, Director Juanita F. Romans sold 3,500 shares of Newfield Exploration stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $30.02, for a total transaction of $105,070.00. Following the completion of the sale, the director now directly owns 39,034 shares in the company, valued at approximately $1,171,800.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $26.18, for a total transaction of $314,160.00. Following the sale, the insider now owns 279,322 shares of the company’s stock, valued at $7,312,649.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,500 shares of company stock valued at $1,148,830. Company insiders own 0.54% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. lifted its stake in Newfield Exploration by 8.5% during the 2nd quarter. Pacer Advisors Inc. now owns 4,059 shares of the energy company’s stock valued at $116,000 after acquiring an additional 319 shares during the period. Dupont Capital Management Corp acquired a new stake in Newfield Exploration during the 2nd quarter valued at approximately $131,000. Tiedemann Wealth Management LLC lifted its stake in Newfield Exploration by 36.0% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 28,966 shares of the energy company’s stock valued at $148,000 after acquiring an additional 7,664 shares during the period. Riverhead Capital Management LLC lifted its stake in Newfield Exploration by 17.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,922 shares of the energy company’s stock valued at $197,000 after acquiring an additional 1,013 shares during the period. Finally, Koch Industries Inc. acquired a new stake in Newfield Exploration during the 2nd quarter valued at approximately $209,000. Institutional investors and hedge funds own 98.76% 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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