Newfield Exploration (NYSE:NFX) issued its quarterly earnings data on Tuesday. The energy company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.11, Bloomberg Earnings reports. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The business had revenue of $509.00 million during the quarter, compared to analyst estimates of $497.95 million. During the same period in the previous year, the firm earned $0.49 EPS. Newfield Exploration’s quarterly revenue was up 22.7% compared to the same quarter last year.
Shares of Newfield Exploration (NYSE:NFX) opened at $25.73 on Wednesday. Newfield Exploration has a 12 month low of $24.41 and a 12 month high of $40.82. The stock has a market capitalization of $5,170.13, a P/E ratio of 14.87, a PEG ratio of 0.53 and a beta of 1.35. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.17.
Several brokerages recently issued reports on NFX. Piper Jaffray Companies reiterated a “buy” rating and issued a $48.00 price objective on shares of Newfield Exploration in a research report on Tuesday, January 9th. BMO Capital Markets restated a “hold” rating and issued a $36.00 target price on shares of Newfield Exploration in a research note on Sunday, January 14th. Zacks Investment Research upgraded Newfield Exploration from a “hold” rating to a “strong-buy” rating and set a $40.00 target price on the stock in a research note on Monday, January 15th. KLR Group cut Newfield Exploration from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a research note on Tuesday, January 23rd. Finally, Morgan Stanley boosted their target price on Newfield Exploration from $33.00 to $37.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. Newfield Exploration presently has an average rating of “Buy” and an average target price of $39.18.
In other news, CEO Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $31.84, for a total transaction of $382,080.00. Following the sale, the chief executive officer now owns 223,235 shares in the company, valued at approximately $7,107,802.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 36,000 shares of company stock worth $1,138,680. Company insiders own 0.54% of the company’s stock.
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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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