Newfield Exploration Co. (NFX) Expected to Post Earnings of $0.60 Per Share

Wall Street analysts expect Newfield Exploration Co. (NYSE:NFX) to report earnings per share of $0.60 for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Newfield Exploration’s earnings. The highest EPS estimate is $0.85 and the lowest is $0.42. Newfield Exploration posted earnings of $0.49 per share in the same quarter last year, which would suggest a positive year over year growth rate of 22.4%. The business is scheduled to announce its next earnings report after the market closes on Tuesday, February 20th.

According to Zacks, analysts expect that Newfield Exploration will report full year earnings of $2.12 per share for the current fiscal year, with EPS estimates ranging from $1.94 to $2.37. For the next fiscal year, analysts anticipate that the company will post earnings of $2.97 per share, with EPS estimates ranging from $2.05 to $4.78. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Newfield Exploration.

Several analysts have recently commented on the company. SunTrust Banks set a $37.00 target price on Newfield Exploration and gave the stock a “buy” rating in a report on Tuesday, October 31st. KeyCorp restated a “hold” rating on shares of Newfield Exploration in a report on Thursday, October 12th. Zacks Investment Research cut Newfield Exploration from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Barclays increased their target price on Newfield Exploration from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Monday, November 20th. Finally, KLR Group cut Newfield Exploration from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $39.48.

In related news, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $31.75, for a total value of $381,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 36,000 shares of company stock worth $1,138,680. 0.54% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Vident Investment Advisory LLC bought a new position in Newfield Exploration during the third quarter worth about $212,000. Thrivent Financial For Lutherans boosted its holdings in Newfield Exploration by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock worth $214,000 after buying an additional 230 shares during the last quarter. MAI Capital Management bought a new position in Newfield Exploration during the fourth quarter worth about $240,000. Robeco Institutional Asset Management B.V. bought a new position in Newfield Exploration during the fourth quarter worth about $257,000. Finally, Commerce Bank bought a new position in Newfield Exploration during the third quarter worth about $246,000. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Shares of Newfield Exploration (NYSE NFX) opened at $26.07 on Friday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.17. The company has a market capitalization of $5,695.13, a price-to-earnings ratio of 15.07, a PEG ratio of 0.58 and a beta of 1.35. Newfield Exploration has a 1-year low of $24.41 and a 1-year high of $43.74.

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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.

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Earnings History and Estimates for Newfield Exploration (NYSE:NFX)

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