Newfield Exploration (NFX) Earning Somewhat Favorable Media Coverage, Study Shows

Headlines about Newfield Exploration (NYSE:NFX) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Newfield Exploration earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news articles about the energy company an impact score of 45.6967981803333 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern’s scoring:

NFX has been the topic of a number of recent analyst reports. Scotiabank set a $39.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research report on Saturday, November 25th. Jefferies Group reaffirmed a “buy” rating and set a $39.00 target price on shares of Newfield Exploration in a research report on Thursday, October 12th. Stifel Nicolaus set a $37.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research report on Thursday, October 5th. KeyCorp reaffirmed a “hold” rating on shares of Newfield Exploration in a research report on Thursday, October 12th. Finally, Williams Capital set a $46.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $37.81.

Shares of Newfield Exploration (NYSE NFX) traded down $0.44 during mid-day trading on Thursday, hitting $28.63. The stock had a trading volume of 1,719,488 shares, compared to its average volume of 2,907,402. Newfield Exploration has a twelve month low of $24.41 and a twelve month high of $45.53. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $6,033.48, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 1.24 and a beta of 1.44.

Newfield Exploration (NYSE:NFX) last issued its quarterly earnings results 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 return on equity of 35.28% and a net margin of 20.62%. The business had revenue of $439.00 million for the quarter, compared to the consensus estimate of $419.75 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. Newfield Exploration’s revenue for the quarter was up 12.0% compared to the same quarter last year. analysts anticipate that Newfield Exploration will post 2.1 EPS for the current fiscal year.

In other Newfield Exploration news, insider Lee K. Boothby sold 12,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $29.10, for a total value of $349,200.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Juanita F. Romans sold 3,500 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $30.02, for a total value of $105,070.00. Following the completion of the transaction, the director now owns 39,034 shares in the company, valued at approximately $1,171,800.68. The disclosure for this sale can be found here. Insiders have sold 39,500 shares of company stock worth $1,210,270 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

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About Newfield Exploration

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.

Insider Buying and Selling by Quarter for Newfield Exploration (NYSE:NFX)

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