Newfield Exploration (NYSE:NFX)‘s stock had its “buy” rating reissued by analysts at Piper Jaffray Companies in a research report issued to clients and investors on Tuesday. They presently have a $48.00 target price on the energy company’s stock. Piper Jaffray Companies’ price objective indicates a potential upside of 38.13% from the company’s current price.
Other research analysts also recently issued research reports about the stock. SunTrust Banks set a $37.00 target price on shares of Newfield Exploration and gave the company a “buy” rating in a research report on Tuesday, October 31st. KeyCorp reaffirmed a “hold” rating on shares of Newfield Exploration in a research report on Thursday, October 12th. Zacks Investment Research downgraded shares of Newfield Exploration from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Barclays raised their target price on shares of Newfield Exploration from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Monday, November 20th. Finally, TheStreet raised shares of Newfield Exploration from a “d+” rating to a “c-” rating in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $38.59.
Shares of Newfield Exploration (NYSE NFX) traded up $0.15 during mid-day trading on Tuesday, hitting $34.75. 2,040,600 shares of the stock traded hands, compared to its average volume of 2,735,211. The company has a market capitalization of $6,910.00, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45. Newfield Exploration has a 52 week low of $24.41 and a 52 week high of $43.74. 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 earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share 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 the consensus estimate of $419.75 million. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. sell-side analysts predict that Newfield Exploration will post 2.14 earnings per share for the current fiscal year.
In other news, CEO Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $31.84, for a total transaction of $382,080.00. Following the completion of the sale, the chief executive officer now owns 223,235 shares in the company, valued at approximately $7,107,802.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,500 shares of company stock valued at $1,243,150. 0.54% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of NFX. Pacer Advisors Inc. lifted its stake in shares of Newfield Exploration by 8.5% during the 2nd quarter. Pacer Advisors Inc. now owns 4,059 shares of the energy company’s stock worth $116,000 after buying an additional 319 shares during the last quarter. Tiedemann Wealth Management LLC lifted its stake in shares of Newfield Exploration by 36.0% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 28,966 shares of the energy company’s stock worth $148,000 after buying an additional 7,664 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in shares of Newfield Exploration by 17.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,922 shares of the energy company’s stock worth $197,000 after buying an additional 1,013 shares during the last quarter. Koch Industries Inc. acquired a new stake in shares of Newfield Exploration during the 2nd quarter worth about $209,000. Finally, Vident Investment Advisory LLC acquired a new stake in shares of Newfield Exploration during the 3rd quarter worth about $212,000. Institutional investors own 99.71% 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.
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