Newfield Exploration Co. (NFX) Expected to Earn FY2017 Earnings of $2.13 Per Share

Newfield Exploration Co. (NYSE:NFX) – Equities research analysts at Capital One Financial upped their FY2017 EPS estimates for Newfield Exploration in a research note issued on Tuesday. Capital One Financial analyst R. Tullis now anticipates that the energy company will earn $2.13 per share for the year, up from their prior forecast of $1.99. Capital One Financial also issued estimates for Newfield Exploration’s Q4 2017 earnings at $0.59 EPS and FY2018 earnings at $2.65 EPS.

NFX has been the subject of a number of other research reports. Royal Bank of Canada reiterated a “buy” rating and set a $39.00 price objective on shares of Newfield Exploration in a research report on Tuesday, November 7th. Williams Capital set a $46.00 price objective on Newfield Exploration and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Morgan Stanley lifted their price objective on Newfield Exploration from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. JPMorgan Chase & Co. cut Newfield Exploration from an “overweight” rating to a “neutral” rating and set a $37.00 price objective for the company. in a research report on Friday, December 15th. Finally, KeyCorp reiterated a “hold” rating on shares of Newfield Exploration in a research report on Monday, November 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Newfield Exploration currently has a consensus rating of “Buy” and an average target price of $39.48.

Shares of Newfield Exploration (NYSE:NFX) opened at $25.98 on Thursday. The company has a market capitalization of $5,695.13, a PE ratio of 15.02, a P/E/G ratio of 0.58 and a beta of 1.35. Newfield Exploration has a 52-week low of $24.41 and a 52-week high of $43.74. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.17.

Institutional investors have recently added to or reduced their stakes in the stock. Vident Investment Advisory LLC purchased a new stake in Newfield Exploration during the 3rd quarter worth approximately $212,000. Thrivent Financial For Lutherans increased its holdings in Newfield Exploration by 3.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock worth $214,000 after purchasing an additional 230 shares during the last quarter. MAI Capital Management purchased a new stake in Newfield Exploration during the 4th quarter worth approximately $240,000. Robeco Institutional Asset Management B.V. purchased a new stake in Newfield Exploration during the 4th quarter worth approximately $257,000. Finally, ARP Americas LP purchased a new stake in Newfield Exploration during the 4th quarter worth approximately $259,000. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Lee K. Boothby sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $31.75, for a total transaction of $381,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 36,000 shares of company stock worth $1,138,680 over the last three months. 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.

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

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