Analysts Set Newfield Exploration Co. (NFX) PT at $37.63

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Newfield Exploration Co. (NYSE:NFX) has received a consensus rating of “Hold” from the twenty-seven ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $37.63.

Several brokerages have recently commented on NFX. BMO Capital Markets reiterated a “market perform” rating and issued a $29.00 target price (down previously from $36.00) on shares of Newfield Exploration in a research report on Friday, February 23rd. Stifel Nicolaus set a $45.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research report on Friday, March 2nd. Jefferies Financial Group set a $35.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research report on Friday, February 23rd. KLR Group upgraded Newfield Exploration from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Thursday, February 22nd. Finally, Williams Capital reiterated a “buy” rating and issued a $39.00 target price on shares of Newfield Exploration in a research report on Wednesday, May 2nd.

Shares of Newfield Exploration opened at $27.88 on Monday, according to Marketbeat. Newfield Exploration has a fifty-two week low of $22.72 and a fifty-two week high of $35.20. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 1.62. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 0.71 and a beta of 1.48.

Newfield Exploration (NYSE:NFX) last issued its quarterly earnings data on Tuesday, May 1st. The energy company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Newfield Exploration had a return on equity of 36.67% and a net margin of 18.96%. The firm had revenue of $580.00 million during the quarter, compared to analyst estimates of $552.56 million. During the same quarter last year, the firm earned $0.57 EPS. Newfield Exploration’s quarterly revenue was up 39.1% on a year-over-year basis. equities analysts expect that Newfield Exploration will post 3.29 earnings per share for the current fiscal year.

In related news, Director Roger B. Plank purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 28th. The shares were acquired at an average price of $23.38 per share, with a total value of $46,760.00. Following the acquisition, the director now owns 32,787 shares in the company, valued at approximately $766,560.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.59% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in NFX. Rampart Investment Management Company LLC raised its stake in Newfield Exploration by 84.7% during the 1st quarter. Rampart Investment Management Company LLC now owns 4,513 shares of the energy company’s stock valued at $110,000 after acquiring an additional 2,070 shares in the last quarter. Assetmark Inc. raised its stake in Newfield Exploration by 14,896.2% during the 4th quarter. Assetmark Inc. now owns 3,899 shares of the energy company’s stock valued at $123,000 after acquiring an additional 3,873 shares in the last quarter. Penserra Capital Management LLC raised its stake in Newfield Exploration by 495.7% during the 1st quarter. Penserra Capital Management LLC now owns 5,016 shares of the energy company’s stock valued at $130,000 after acquiring an additional 4,174 shares in the last quarter. Intact Investment Management Inc. bought a new stake in Newfield Exploration during the 1st quarter valued at $200,000. Finally, Howard Capital Management Inc. raised its stake in Newfield Exploration by 25.4% during the 1st quarter. Howard Capital Management Inc. now owns 8,572 shares of the energy company’s stock valued at $203,000 after acquiring an additional 1,735 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Newfield Exploration Company Profile

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.

Analyst Recommendations for Newfield Exploration (NYSE:NFX)

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