Newfield Exploration Company (NYSE:NFX)‘s stock had its “hold” rating reiterated by investment analysts at KeyCorp in a note issued to investors on Monday.
Several other equities research analysts have also recently weighed in on NFX. BidaskClub raised Newfield Exploration from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Royal Bank Of Canada reissued a “buy” rating and set a $39.00 price objective on shares of Newfield Exploration in a research note on Tuesday, November 7th. Zacks Investment Research cut Newfield Exploration from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Barclays PLC reissued an “equal weight” rating and set a $22.00 price objective (down from $23.00) on shares of Newfield Exploration in a research note on Wednesday, August 9th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $36.00 price objective (down from $40.00) on shares of Newfield Exploration in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $38.87.
Shares of Newfield Exploration (NFX) opened at $29.82 on Monday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.17. Newfield Exploration has a 52 week low of $24.41 and a 52 week high of $50.00. The firm has a market capitalization of $6,405.77, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 1.35 and a beta of 1.47.
Newfield Exploration (NYSE:NFX) last issued its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.09. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The company had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $419.75 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. equities analysts predict that Newfield Exploration will post 2.06 EPS for the current fiscal year.
In other Newfield Exploration news, Director Juanita F. Romans sold 3,500 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was 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 owns 39,034 shares in the company, valued at $1,171,800.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $29.10, for a total value of $349,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,500 shares of company stock valued at $1,148,830. 0.54% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Schroder Investment Management Group lifted its holdings in Newfield Exploration by 67.3% during the second quarter. Schroder Investment Management Group now owns 1,236,114 shares of the energy company’s stock worth $35,353,000 after buying an additional 497,431 shares during the period. Atlantic Trust Group LLC lifted its holdings in Newfield Exploration by 22.8% during the second quarter. Atlantic Trust Group LLC now owns 253,908 shares of the energy company’s stock worth $7,226,000 after buying an additional 47,194 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Newfield Exploration by 21.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,229 shares of the energy company’s stock worth $1,458,000 after purchasing an additional 8,972 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Newfield Exploration by 106.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 144,732 shares of the energy company’s stock worth $4,119,000 after purchasing an additional 74,768 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Newfield Exploration by 3.3% during the second quarter. Vanguard Group Inc. now owns 23,677,528 shares of the energy company’s stock worth $673,862,000 after purchasing an additional 760,793 shares in the last quarter. Institutional investors 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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