Newfield Exploration (NYSE:NFX) received a $50.00 target price from Williams Capital in a note issued to investors on Wednesday. The firm presently has a “buy” rating on the energy company’s stock. Williams Capital’s price objective indicates a potential upside of 94.33% from the company’s current price.
NFX has been the subject of several other reports. Royal Bank of Canada restated a “buy” rating and set a $39.00 target price on shares of Newfield Exploration in a research report on Tuesday, November 7th. JPMorgan Chase & Co. cut Newfield Exploration from an “overweight” rating to a “neutral” rating and set a $37.00 target price for the company. in a research report on Friday, December 15th. KeyCorp restated a “hold” rating on shares of Newfield Exploration in a research report on Monday, November 13th. Zacks Investment Research upgraded Newfield Exploration from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Thursday, October 26th. Finally, BMO Capital Markets restated a “hold” rating and set a $36.00 target price on shares of Newfield Exploration in a research report on Sunday, January 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $39.18.
Newfield Exploration (NFX) opened at $25.73 on Wednesday. The firm has a market capitalization of $5,170.13, a price-to-earnings ratio of 14.87, a PEG ratio of 0.53 and a beta of 1.35. Newfield Exploration has a 52-week low of $24.41 and a 52-week high of $40.82. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.17 and a quick ratio of 1.15.
Newfield Exploration (NYSE:NFX) last posted its earnings results on Tuesday, February 20th. The energy company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.11. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The business had revenue of $509.00 million during the quarter, compared to analysts’ expectations of $497.95 million. During the same period in the previous year, the business earned $0.49 earnings per share. The firm’s revenue was up 22.7% on a year-over-year basis. analysts anticipate that Newfield Exploration will post 2.12 EPS for the current year.
In other news, insider Lee K. Boothby sold 12,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $31.30, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 36,000 shares of company stock valued at $1,138,680 over the last quarter. Company insiders own 0.54% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFX. Janus Henderson Group PLC lifted its stake in shares of Newfield Exploration by 3,994.5% in the 3rd quarter. Janus Henderson Group PLC now owns 1,899,262 shares of the energy company’s stock valued at $56,351,000 after acquiring an additional 1,852,876 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Newfield Exploration by 26.9% in the 3rd quarter. Prudential Financial Inc. now owns 4,114,290 shares of the energy company’s stock valued at $122,071,000 after acquiring an additional 872,434 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of Newfield Exploration by 70.3% in the 3rd quarter. Schroder Investment Management Group now owns 2,105,206 shares of the energy company’s stock valued at $62,209,000 after acquiring an additional 869,092 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in shares of Newfield Exploration by 210.1% in the 4th quarter. OppenheimerFunds Inc. now owns 1,002,611 shares of the energy company’s stock valued at $31,612,000 after acquiring an additional 679,300 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Newfield Exploration by 110.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,278,674 shares of the energy company’s stock valued at $37,938,000 after acquiring an additional 671,123 shares during the last quarter. 99.82% of the stock is owned by 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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