Brokerages forecast that Newfield Exploration Co. (NYSE:NFX) will announce earnings per share of $0.62 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Newfield Exploration’s earnings. The highest EPS estimate is $0.95 and the lowest is $0.45. Newfield Exploration reported earnings per share of $0.49 in the same quarter last year, which would indicate a positive year-over-year growth rate of 26.5%. The company is scheduled to report its next earnings report after the market closes on Tuesday, February 20th.

On average, analysts expect that Newfield Exploration will report full-year earnings of $2.14 per share for the current fiscal year, with EPS estimates ranging from $1.99 to $2.47. For the next fiscal year, analysts forecast that the company will report earnings of $2.74 per share, with EPS estimates ranging from $1.29 to $5.29. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Newfield Exploration.

Newfield Exploration (NYSE:NFX) last released its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.09. The business had revenue of $439.00 million during the quarter, compared to analyst estimates of $419.75 million. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company posted $0.45 EPS.

Several research firms have recently weighed in on NFX. Piper Jaffray Companies reduced their price objective on Newfield Exploration from $53.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Credit Suisse Group began coverage on Newfield Exploration in a research note on Monday, December 11th. They set a “neutral” rating and a $30.00 price objective for the company. BMO Capital Markets set a $34.00 price objective on Newfield Exploration and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Zacks Investment Research lowered Newfield Exploration from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Wolfe Research lowered Newfield Exploration from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Newfield Exploration presently has an average rating of “Buy” and an average target price of $38.59.

Newfield Exploration (NFX) traded down $0.29 on Friday, hitting $34.52. The stock had a trading volume of 2,120,000 shares, compared to its average volume of 2,180,000. The company has a market cap of $6,890.00, a price-to-earnings ratio of 19.95, a PEG ratio of 1.37 and a beta of 1.45. 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 has a 1-year low of $24.41 and a 1-year high of $43.74.

In related news, CEO Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $31.70, for a total transaction of $380,400.00. Following the completion of the sale, the chief executive officer now owns 255,322 shares of the company’s stock, valued at $8,093,707.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Juanita F. Romans sold 3,500 shares of Newfield Exploration stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $30.02, for a total value of $105,070.00. Following the sale, the director now directly owns 39,034 shares of the company’s stock, valued at approximately $1,171,800.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,500 shares of company stock valued at $1,243,150. 0.54% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its position in Newfield Exploration by 8.5% during the second quarter. Pacer Advisors Inc. now owns 4,059 shares of the energy company’s stock valued at $116,000 after purchasing an additional 319 shares during the last quarter. Riverhead Capital Management LLC boosted its position in Newfield Exploration by 17.1% during the second quarter. Riverhead Capital Management LLC now owns 6,922 shares of the energy company’s stock valued at $197,000 after purchasing an additional 1,013 shares during the last quarter. Vident Investment Advisory LLC acquired a new stake in Newfield Exploration during the third quarter valued at $212,000. Thrivent Financial For Lutherans boosted its position 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 valued at $214,000 after purchasing an additional 230 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in Newfield Exploration by 43.0% during the second quarter. Neuberger Berman Group LLC now owns 8,243 shares of the energy company’s stock valued at $235,000 after purchasing an additional 2,480 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

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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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