Newfield Exploration (NYSE:NFX) released its quarterly earnings results on Tuesday. The energy company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.16, Bloomberg Earnings reports. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The firm had revenue of $509.00 million for the quarter, compared to analysts’ expectations of $497.95 million. During the same quarter last year, the firm posted $0.49 EPS. The company’s revenue was up 22.7% compared to the same quarter last year.
Newfield Exploration (NFX) traded down $0.17 on Tuesday, reaching $25.73. The company had a trading volume of 5,700,000 shares, compared to its average volume of 3,070,000. 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 fifty-two week low of $24.41 and a fifty-two week high of $42.93. The company has a market cap of $5,140.00, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 0.53 and a beta of 1.35.
In related news, insider Lee K. Boothby sold 12,000 shares of the firm’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 this hyperlink. Over the last 90 days, insiders have sold 36,000 shares of company stock worth $1,138,680. 0.54% of the stock is owned by corporate insiders.
Several analysts have weighed in on NFX shares. Royal Bank of Canada reaffirmed a “buy” rating and issued a $39.00 price target on shares of Newfield Exploration in a report on Tuesday, November 7th. Williams Capital set a $46.00 price objective on Newfield Exploration and gave the company a “buy” rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. cut Newfield Exploration from an “overweight” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a report on Friday, December 15th. KeyCorp reissued a “hold” rating on shares of Newfield Exploration in a report on Monday, November 13th. Finally, Zacks Investment Research raised Newfield Exploration from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $39.00.
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.
Receive News & Ratings for Newfield Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newfield Exploration and related companies with MarketBeat.com's FREE daily email newsletter.