Newfield Exploration Company (NFX) Given a $34.00 Price Target by BMO Capital Markets Analysts

BMO Capital Markets set a $34.00 price objective on Newfield Exploration Company (NYSE:NFX) in a research note released on Tuesday. The brokerage currently has a hold rating on the energy company’s stock.

A number of other research analysts also recently issued reports on the company. Jefferies Group LLC set a $40.00 price objective on Newfield Exploration and gave the company a buy rating in a research note on Tuesday, August 29th. Citigroup Inc. reduced their price objective on Newfield Exploration from $50.00 to $36.00 and set a buy rating for the company in a research note on Friday, July 21st. Barclays PLC upped their price objective on Newfield Exploration from $22.00 to $25.00 and gave the company an equal weight rating in a research note on Wednesday, October 11th. Morgan Stanley upped their price objective on Newfield Exploration from $31.00 to $33.00 and gave the company an equal weight rating in a research note on Wednesday, October 18th. Finally, Cowen and Company set a $35.00 price objective on Newfield Exploration and gave the company a buy rating in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, seven have given 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 $38.96.

Shares of Newfield Exploration (NYSE NFX) opened at $30.30 on Tuesday. The company has a market capitalization of $5,900.00, a price-to-earnings ratio of 14.84, a P/E/G ratio of 1.25 and a beta of 1.47. Newfield Exploration has a 12-month low of $24.41 and a 12-month 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.

Newfield Exploration (NYSE:NFX) last released its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. The business had revenue of $439.00 million during the quarter, compared to analyst estimates of $419.75 million. Newfield Exploration had a return on equity of 27.83% and a net margin of 19.82%. Newfield Exploration’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 EPS. equities analysts anticipate that Newfield Exploration will post 2.06 earnings per share for the current fiscal year.

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In other Newfield Exploration news, Director Juanita F. Romans sold 3,500 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $30.02, for a total value of $105,070.00. Following the sale, the director now owns 39,034 shares of the company’s stock, valued at approximately $1,171,800.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $29.10, for a total value of $349,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,500 shares of company stock worth $1,148,830. Insiders own 0.54% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Schroder Investment Management Group raised its holdings in shares of Newfield Exploration by 67.3% in the 2nd quarter. Schroder Investment Management Group now owns 1,236,114 shares of the energy company’s stock valued at $35,353,000 after acquiring an additional 497,431 shares in the last quarter. Atlantic Trust Group LLC raised its holdings in shares of Newfield Exploration by 22.8% in the 2nd quarter. Atlantic Trust Group LLC now owns 253,908 shares of the energy company’s stock valued at $7,226,000 after acquiring an additional 47,194 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Newfield Exploration by 21.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,229 shares of the energy company’s stock valued at $1,458,000 after acquiring an additional 8,972 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Newfield Exploration by 106.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 144,732 shares of the energy company’s stock valued at $4,119,000 after acquiring an additional 74,768 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Newfield Exploration by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 23,677,528 shares of the energy company’s stock valued at $673,862,000 after acquiring an additional 760,793 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Newfield Exploration (NYSE:NFX)

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