Newfield Exploration (NFX) Upgraded by KLR Group to “Buy”

Newfield Exploration (NYSE:NFX) was upgraded by analysts at KLR Group from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, The Fly reports.

NFX has been the topic of several other research reports. Royal Bank of Canada reiterated a “buy” rating and issued a $39.00 target price on shares of Newfield Exploration in a research report on Tuesday, November 7th. Williams Capital set a $46.00 target price on shares of Newfield Exploration and gave the company a “buy” rating in a research report on Wednesday, November 1st. JPMorgan Chase & Co. lowered shares of Newfield Exploration from an “overweight” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research report on Friday, December 15th. KeyCorp reiterated a “hold” rating on shares of Newfield Exploration in a research report on Monday, November 13th. Finally, Zacks Investment Research upgraded shares of Newfield Exploration from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. Newfield Exploration currently has a consensus rating of “Buy” and a consensus target price of $38.73.

Shares of Newfield Exploration (NYSE NFX) opened at $23.20 on Thursday. The company has a market cap of $5,138.86, a price-to-earnings ratio of 10.89, a P/E/G ratio of 0.52 and a beta of 1.35. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87. Newfield Exploration has a 52-week low of $23.10 and a 52-week high of $40.82.

Newfield Exploration (NYSE:NFX) last released its quarterly earnings results on Tuesday, February 20th. The energy company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.11. The company had revenue of $509.00 million for the quarter, compared to analyst estimates of $497.95 million. Newfield Exploration had a net margin of 24.17% and a return on equity of 37.08%. The firm’s revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the business earned $0.49 earnings per share. equities analysts expect that Newfield Exploration will post 2.97 EPS for the current year.

In related news, insider Lee K. Boothby sold 12,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $31.75, for a total transaction of $381,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 36,000 shares of company stock worth $1,138,680 over the last 90 days. 0.54% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of NFX. Janus Henderson Group PLC boosted its position in Newfield Exploration by 3,994.5% during the third quarter. Janus Henderson Group PLC now owns 1,899,262 shares of the energy company’s stock worth $56,351,000 after acquiring an additional 1,852,876 shares during the last quarter. Prudential Financial Inc. raised its stake in Newfield Exploration by 26.9% during the third quarter. Prudential Financial Inc. now owns 4,114,290 shares of the energy company’s stock worth $122,071,000 after purchasing an additional 872,434 shares during the period. Schroder Investment Management Group raised its stake in Newfield Exploration by 70.3% during the third quarter. Schroder Investment Management Group now owns 2,105,206 shares of the energy company’s stock worth $62,209,000 after purchasing an additional 869,092 shares during the period. OppenheimerFunds Inc. raised its stake in Newfield Exploration by 210.1% during the fourth quarter. OppenheimerFunds Inc. now owns 1,002,611 shares of the energy company’s stock worth $31,612,000 after purchasing an additional 679,300 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Newfield Exploration by 110.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,278,674 shares of the energy company’s stock worth $37,938,000 after purchasing an additional 671,123 shares during the period. Hedge funds and other institutional investors own 99.82% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Newfield Exploration (NYSE:NFX)

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