Media stories about Newfield Exploration (NYSE:NFX) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Newfield Exploration earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the energy company an impact score of 47.4600747269186 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern’s analysis:
- Newfield Exploration (NFX) Rating Reiterated by BMO Capital Markets (americanbankingnews.com)
- Newfield Exploration Co. (NFX) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- Why Penn Virginia (PVAC) Could Be Positioned for a Surge (zacks.com)
- Piper Jaffray Companies Reiterates “Buy” Rating for Newfield Exploration (NFX) (americanbankingnews.com)
- Newfield Exploration (NFX) vs. EQT (EQT) Head-To-Head Review (americanbankingnews.com)
Newfield Exploration (NYSE:NFX) traded up $0.16 during midday trading on Friday, reaching $34.75. The company had a trading volume of 2,050,000 shares, compared to its average volume of 2,139,018. 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 1-year low of $24.41 and a 1-year high of $43.74. The firm has a market capitalization of $6,936.76, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 1.41 and a beta of 1.45.
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 the Zacks’ consensus estimate of $0.43 by $0.09. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $419.75 million. During the same period last year, the business posted $0.45 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. sell-side analysts anticipate that Newfield Exploration will post 2.14 earnings per share for the current year.
A number of brokerages have weighed in on NFX. Scotiabank reissued a “buy” rating and set a $38.00 price target on shares of Newfield Exploration in a research report on Wednesday, November 1st. Williams Capital set a $46.00 price target on Newfield Exploration and gave the stock a “buy” rating in a research report on Wednesday, November 1st. SunTrust Banks set a $37.00 price objective on Newfield Exploration and gave the stock a “buy” rating in a report on Tuesday, October 31st. BMO Capital Markets set a $34.00 price objective on Newfield Exploration and gave the stock a “buy” rating in a report on Tuesday, October 10th. Finally, Stifel Nicolaus set a $37.00 price objective on Newfield Exploration and gave the stock a “buy” rating in a report on Thursday, October 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. The stock presently has a consensus rating of “Buy” and an average target price of $38.68.
In related news, Director Juanita F. Romans sold 3,500 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $30.02, for a total value of $105,070.00. Following the transaction, the director now owns 39,034 shares of the company’s stock, valued at approximately $1,171,800.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Lee K. Boothby sold 12,000 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $31.30, for a total transaction of $375,600.00. Following the completion of the sale, the insider now owns 243,322 shares of the company’s stock, valued at approximately $7,615,978.60. The disclosure for this sale can be found here. Insiders have sold a total of 39,500 shares of company stock worth $1,243,150 in the last three months. Insiders own 0.54% of the company’s stock.
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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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