Shares of Newfield Exploration Company (NYSE:NFX) have been assigned an average rating of “Buy” from the twenty-eight analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $43.32.
Several analysts have recently weighed in on NFX shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $46.00 price objective on shares of Newfield Exploration in a report on Thursday, July 6th. Credit Suisse Group reissued an “outperform” rating and set a $47.00 price target on shares of Newfield Exploration in a research note on Friday, June 2nd. Citigroup Inc. decreased their price target on shares of Newfield Exploration from $50.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Zacks Investment Research cut shares of Newfield Exploration from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Barclays PLC reissued a “hold” rating and set a $34.00 price target on shares of Newfield Exploration in a research note on Friday, May 5th.
Institutional investors have recently modified their holdings of the stock. Quadrature Capital Ltd purchased a new position in shares of Newfield Exploration during the fourth quarter valued at approximately $235,000. Kentucky Retirement Systems acquired a new stake in Newfield Exploration during the fourth quarter worth $580,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Newfield Exploration during the fourth quarter worth $259,000. Highbridge Capital Management LLC raised its stake in Newfield Exploration by 839.1% in the fourth quarter. Highbridge Capital Management LLC now owns 72,931 shares of the energy company’s stock worth $2,954,000 after buying an additional 65,165 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in Newfield Exploration by 10.9% in the fourth quarter. Macquarie Group Ltd. now owns 412,371 shares of the energy company’s stock worth $16,701,000 after buying an additional 40,500 shares during the last quarter. Institutional investors own 99.12% of the company’s stock.
Newfield Exploration (NYSE:NFX) opened at 27.83 on Friday. The firm has a market capitalization of $5.50 billion, a P/E ratio of 18.05 and a beta of 1.48. Newfield Exploration has a 12 month low of $25.46 and a 12 month high of $50.00. The stock’s 50 day moving average price is $27.84 and its 200 day moving average price is $34.15.
Newfield Exploration (NYSE:NFX) last posted its quarterly earnings data on Tuesday, August 1st. The energy company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The firm had revenue of $402 million for the quarter, compared to analyst estimates of $413.70 million. Newfield Exploration had a return on equity of 33.17% and a net margin of 18.82%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS. On average, analysts forecast that Newfield Exploration will post $1.93 earnings per share for the current year.
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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.
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