Newfield Exploration Company (NYSE:NFX) had its target price raised by Barclays PLC from $25.00 to $27.00 in a report released on Thursday, November 2nd. Barclays PLC currently has an equal weight rating on the energy company’s stock.
A number of other equities research analysts have also recently issued reports on NFX. Jefferies Group LLC reissued a buy rating and set a $46.00 price target on shares of Newfield Exploration in a research report on Thursday, July 6th. Zacks Investment Research cut shares of Newfield Exploration from a hold rating to a sell rating in a research report on Wednesday, July 19th. Cowen and Company set a $35.00 price objective on shares of Newfield Exploration and gave the stock a buy rating in a report on Tuesday, July 18th. Royal Bank Of Canada restated a buy rating and issued a $42.00 price objective on shares of Newfield Exploration in a report on Thursday, July 20th. Finally, Citigroup Inc. decreased their price objective on shares of Newfield Exploration from $50.00 to $36.00 and set a buy rating for the company in a report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $39.00.
Newfield Exploration (NFX) opened at $30.18 on Thursday. Newfield Exploration has a 52 week low of $24.41 and a 52 week high of $50.00. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.17 and a quick ratio of 1.15. The firm has a market cap of $5,990.56, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.26 and a beta of 1.47.
Newfield Exploration (NYSE:NFX) last posted its 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 net margin of 20.62% and a return on equity of 35.28%. The business had revenue of $439.00 million for the quarter, compared to analyst estimates of $419.75 million. During the same quarter in the prior year, the firm posted $0.45 EPS. Newfield Exploration’s revenue was up 12.0% on a year-over-year basis. equities research analysts anticipate that Newfield Exploration will post 2.06 EPS for the current year.
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In other Newfield Exploration news, Director Juanita F. Romans sold 3,500 shares of Newfield Exploration stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $30.02, for a total transaction of $105,070.00. Following the completion of the transaction, the director now directly owns 39,034 shares of the company’s stock, valued at $1,171,800.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $29.10, for a total transaction of $349,200.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,500 shares of company stock worth $1,148,830. Company insiders own 0.54% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. boosted its stake in Newfield Exploration by 8.5% during the second quarter. Pacer Advisors Inc. now owns 4,059 shares of the energy company’s stock worth $116,000 after buying an additional 319 shares during the period. Dupont Capital Management Corp purchased a new stake in shares of Newfield Exploration during the second quarter valued at $131,000. Riverhead Capital Management LLC boosted its stake in shares of Newfield Exploration by 17.1% during the second quarter. Riverhead Capital Management LLC now owns 6,922 shares of the energy company’s stock valued at $197,000 after purchasing an additional 1,013 shares during the period. Vident Investment Advisory LLC purchased a new stake in shares of Newfield Exploration during the third quarter valued at $212,000. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Newfield Exploration by 5.5% during the first quarter. Thrivent Financial For Lutherans now owns 7,300 shares of the energy company’s stock valued at $269,000 after purchasing an additional 380 shares during the period. 98.76% of the stock is owned by institutional investors.
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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