Newfield Exploration Company (NYSE:NFX) insider Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $31.30, for a total value of $375,600.00. Following the sale, the insider now owns 243,322 shares in the company, valued at approximately $7,615,978.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Newfield Exploration Company (NYSE NFX) traded down $0.84 during trading hours on Tuesday, reaching $30.56. The company had a trading volume of 1,968,000 shares, compared to its average volume of 2,928,522. The stock has a market cap of $6,140.00, a P/E ratio of 15.86, a PEG ratio of 1.31 and a beta of 1.44. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.87. Newfield Exploration Company has a 12-month low of $24.41 and a 12-month high of $50.00.
Newfield Exploration (NYSE:NFX) last released its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. The firm had revenue of $439.00 million for the quarter, compared to the consensus estimate of $419.75 million. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. equities research analysts predict that Newfield Exploration Company will post 2.1 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Newfield Exploration by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 23,677,528 shares of the energy company’s stock worth $673,862,000 after buying an additional 760,793 shares during the last quarter. BlackRock Inc. lifted its position in Newfield Exploration by 0.4% during the 2nd quarter. BlackRock Inc. now owns 13,843,741 shares of the energy company’s stock worth $393,993,000 after acquiring an additional 55,230 shares during the period. State Street Corp lifted its position in Newfield Exploration by 5.6% during the 2nd quarter. State Street Corp now owns 12,109,780 shares of the energy company’s stock worth $344,646,000 after acquiring an additional 638,807 shares during the period. FMR LLC lifted its position in Newfield Exploration by 9.9% during the 2nd quarter. FMR LLC now owns 10,459,662 shares of the energy company’s stock worth $297,683,000 after acquiring an additional 938,740 shares during the period. Finally, Boston Partners lifted its position in Newfield Exploration by 0.9% during the 3rd quarter. Boston Partners now owns 5,627,037 shares of the energy company’s stock worth $166,954,000 after acquiring an additional 51,835 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.
A number of research analysts have recently commented on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $39.00 price objective on shares of Newfield Exploration in a report on Tuesday, November 7th. TheStreet upgraded Newfield Exploration from a “d+” rating to a “c-” rating in a report on Monday, November 6th. Zacks Investment Research downgraded Newfield Exploration from a “buy” rating to a “hold” rating in a report on Friday, November 10th. KeyCorp reiterated a “hold” rating on shares of Newfield Exploration in a report on Monday, November 13th. Finally, Wolfe Research downgraded Newfield Exploration from an “outperform” rating to a “market perform” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the stock. Newfield Exploration currently has a consensus rating of “Buy” and an average target price of $39.05.
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.
Receive News & Ratings for Newfield Exploration Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newfield Exploration Company and related companies with MarketBeat.com's FREE daily email newsletter.