A number of other research analysts have also weighed in on NFX. Jefferies Group LLC reissued a buy rating and set a $46.00 price target on shares of Newfield Exploration in a research note on Thursday, July 6th. Barclays PLC reissued a hold rating and set a $23.00 price target on shares of Newfield Exploration in a research note on Friday, July 7th. Zacks Investment Research lowered Newfield Exploration from a hold rating to a sell rating in a research report on Wednesday, July 19th. Cowen and Company set a $35.00 target price on Newfield Exploration and gave the stock a buy rating in a research report on Tuesday, July 18th. Finally, Royal Bank Of Canada reaffirmed a buy rating and issued a $42.00 target price on shares of Newfield Exploration in a research report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $39.31.
Newfield Exploration (NYSE:NFX) traded up 0.42% during midday trading on Tuesday, reaching $30.92. The company’s stock had a trading volume of 5,783,931 shares. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 20.05 and a beta of 1.53. Newfield Exploration has a 1-year low of $24.41 and a 1-year high of $50.00. The company has a 50 day moving average price of $29.25 and a 200 day moving average price of $29.45.
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, topping analysts’ consensus estimates of $0.43 by $0.09. Newfield Exploration had a return on equity of 33.17% and a net margin of 18.82%. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $419.75 million. During the same quarter in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities research analysts expect that Newfield Exploration will post $1.93 EPS for the current year.
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In related news, Director Roger B. Plank bought 3,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $25.98 per share, for a total transaction of $77,940.00. Following the completion of the purchase, the director now directly owns 30,787 shares in the company, valued at approximately $799,846.26. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction that occurred on Monday, October 2nd. The shares were 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. 0.54% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. boosted its stake in Newfield Exploration by 8.5% in the second 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 position in Newfield Exploration in the second quarter valued at approximately $131,000. Riverhead Capital Management LLC boosted its stake in Newfield Exploration by 17.1% in the second 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. Koch Industries Inc. acquired a new position in Newfield Exploration in the second quarter valued at approximately $209,000. Finally, Thrivent Financial For Lutherans boosted its stake in Newfield Exploration by 3.2% in the second quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock valued at $214,000 after acquiring an additional 230 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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