Newfield Exploration Company (NFX) Set to Announce Quarterly Earnings on Tuesday

Newfield Exploration Company (NYSE:NFX) is set to post its quarterly earnings results after the market closes on Tuesday, August 1st. Analysts expect Newfield Exploration to post earnings of $0.44 per share for the quarter.

Newfield Exploration (NYSE:NFX) last released its earnings results on Tuesday, May 2nd. The energy company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.12. Newfield Exploration had a positive return on equity of 33.87% and a negative net margin of 28.60%. The firm had revenue of $417 million during the quarter, compared to analysts’ expectations of $425.44 million. On average, analysts expect Newfield Exploration to post $2.03 EPS for the current fiscal year and $2.34 EPS for the next fiscal year.

Shares of Newfield Exploration Company (NYSE:NFX) opened at 28.66 on Friday. Newfield Exploration Company has a 1-year low of $25.46 and a 1-year high of $50.00. The firm’s 50-day moving average price is $27.94 and its 200 day moving average price is $34.46. The company’s market capitalization is $5.65 billion.

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In other news, insider Lee K. Boothby sold 9,000 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $34.57, for a total transaction of $311,130.00. Following the completion of the transaction, the insider now directly owns 335,047 shares of the company’s stock, valued at $11,582,574.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

A number of research analysts have recently commented on NFX shares. Williams Capital restated a “buy” rating and set a $56.00 price target on shares of Newfield Exploration in a research report on Wednesday, May 3rd. Credit Suisse Group restated an “outperform” rating and set a $47.00 price target on shares of Newfield Exploration in a research report on Friday, June 2nd. J P Morgan Chase & Co restated an “overweight” rating and set a $42.00 price target (down from $48.00) on shares of Newfield Exploration in a research report on Monday, June 5th. Stifel Nicolaus restated a “buy” rating and set a $48.00 price target on shares of Newfield Exploration in a research report on Friday, May 26th. Finally, KLR Group upgraded shares of Newfield Exploration from a “hold” rating to a “buy” rating and boosted their price target for the company from $41.00 to $42.00 in a research report on Monday, May 8th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $44.93.

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.