Newfield Exploration (NYSE:NFX)‘s stock had its “hold” rating restated by investment analysts at BMO Capital Markets in a report released on Sunday. They currently have a $36.00 target price on the energy company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 3.60% from the stock’s previous close.
NFX has been the subject of several other research reports. Piper Jaffray Companies decreased their price objective on Newfield Exploration from $53.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, September 18th. Credit Suisse Group began coverage on Newfield Exploration in a report on Monday, December 11th. They issued a “neutral” rating and a $30.00 price objective for the company. Zacks Investment Research cut Newfield Exploration from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Wolfe Research cut Newfield Exploration from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 5th. Finally, KeyCorp reissued a “hold” rating on shares of Newfield Exploration in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. Newfield Exploration presently has a consensus rating of “Buy” and a consensus target price of $38.68.
Newfield Exploration (NYSE NFX) opened at $34.75 on Friday. The stock has a market capitalization of $6,936.76, a PE ratio of 20.09, a PEG ratio of 1.41 and a beta of 1.45. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.87. Newfield Exploration has a fifty-two week low of $24.41 and a fifty-two week high of $43.74.
Newfield Exploration (NYSE:NFX) last issued its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.09. The business had revenue of $439.00 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. sell-side analysts expect that Newfield Exploration will post 2.14 earnings per share for the current year.
In related news, Director Juanita F. Romans sold 3,500 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was 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 of the company’s stock, valued at approximately $1,171,800.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $31.84, for a total value of $382,080.00. Following the completion of the transaction, the chief executive officer now directly owns 223,235 shares of the company’s stock, valued at approximately $7,107,802.40. The disclosure for this sale can be found here. Insiders sold a total of 39,500 shares of company stock valued at $1,243,150 in the last ninety days. 0.54% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of NFX. Pacer Advisors Inc. increased its stake in Newfield Exploration by 8.5% during the 2nd quarter. Pacer Advisors Inc. now owns 4,059 shares of the energy company’s stock worth $116,000 after buying an additional 319 shares in the last quarter. Tiedemann Wealth Management LLC increased its stake in Newfield Exploration by 36.0% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 28,966 shares of the energy company’s stock worth $148,000 after buying an additional 7,664 shares in the last quarter. Riverhead Capital Management LLC increased its stake in Newfield Exploration by 17.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,922 shares of the energy company’s stock worth $197,000 after buying an additional 1,013 shares in the last quarter. Koch Industries Inc. purchased a new stake in Newfield Exploration during the 2nd quarter worth approximately $209,000. Finally, Vident Investment Advisory LLC purchased a new stake in Newfield Exploration during the 3rd quarter worth approximately $212,000. Institutional investors own 99.71% of the company’s stock.
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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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