Newfield Exploration Co. (NYSE:NFX) has earned an average recommendation of “Hold” from the twenty-four research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $35.36.
Several equities research analysts recently commented on NFX shares. Morgan Stanley raised their target price on Newfield Exploration from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, September 26th. Susquehanna Bancshares reissued a “neutral” rating on shares of Newfield Exploration in a research report on Friday, November 2nd. ValuEngine cut Newfield Exploration from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. UBS Group cut Newfield Exploration from a “positive” rating to a “neutral” rating in a research report on Friday, November 2nd. Finally, Edward Jones cut Newfield Exploration to a “hold” rating in a research report on Friday, November 2nd.
NFX traded down $0.37 during trading on Monday, reaching $16.44. The stock had a trading volume of 5,173,279 shares, compared to its average volume of 7,466,391. The company has a current ratio of 0.72, a quick ratio of 0.70 and a debt-to-equity ratio of 1.30. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 7.65, a price-to-earnings-growth ratio of 0.39 and a beta of 1.66. Newfield Exploration has a one year low of $16.13 and a one year high of $35.20.
Newfield Exploration (NYSE:NFX) last released its earnings results on Wednesday, October 31st. The energy company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.15. Newfield Exploration had a return on equity of 43.65% and a net margin of 21.14%. The firm had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $661.27 million. During the same period in the prior year, the firm posted $0.52 earnings per share. The company’s quarterly revenue was up 62.0% on a year-over-year basis. On average, analysts predict that Newfield Exploration will post 3.58 EPS for the current year.
In other Newfield Exploration news, insider Lee K. Boothby sold 16,161 shares of Newfield Exploration stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $29.25, for a total value of $472,709.25. Following the sale, the insider now owns 194,420 shares of the company’s stock, valued at approximately $5,686,785. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.59% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of the stock. Rehmann Capital Advisory Group boosted its holdings in Newfield Exploration by 435.4% in the third quarter. Rehmann Capital Advisory Group now owns 7,003 shares of the energy company’s stock valued at $202,000 after purchasing an additional 5,695 shares during the period. Vanguard Group Inc. boosted its holdings in Newfield Exploration by 2.1% in the third quarter. Vanguard Group Inc. now owns 22,202,400 shares of the energy company’s stock valued at $640,096,000 after purchasing an additional 458,863 shares during the period. Morgan Stanley boosted its holdings in Newfield Exploration by 24.0% in the third quarter. Morgan Stanley now owns 618,973 shares of the energy company’s stock valued at $17,844,000 after purchasing an additional 119,735 shares during the period. Csenge Advisory Group purchased a new position in Newfield Exploration in the third quarter valued at $112,000. Finally, Teachers Advisors LLC boosted its holdings in Newfield Exploration by 8.9% in the third quarter. Teachers Advisors LLC now owns 477,216 shares of the energy company’s stock valued at $13,758,000 after purchasing an additional 38,966 shares during the period. Institutional investors own 97.70% of the company’s stock.
About Newfield Exploration
Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company has operations principally in the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota, and the Uinta Basin of Utah.
Read More: What is the NASDAQ?
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.