Newfield Exploration Company (NYSE:NFX) will issue its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.43 per share for the quarter.
Newfield Exploration (NYSE:NFX) last issued its earnings results on Tuesday, August 1st. The energy company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The company had revenue of $402.00 million during the quarter, compared to analyst estimates of $413.70 million. Newfield Exploration had a net margin of 18.82% and a return on equity of 33.17%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 EPS. On average, analysts expect Newfield Exploration to post $1.99 EPS for the current fiscal year and $2.41 EPS for the next fiscal year.
Shares of Newfield Exploration Company (NYSE NFX) opened at 30.10 on Friday. The firm has a market cap of $5.95 billion, a price-to-earnings ratio of 19.52 and a beta of 1.53. Newfield Exploration Company has a 52 week low of $24.41 and a 52 week high of $50.00. The stock has a 50 day moving average of $28.94 and a 200-day moving average of $29.58.
In related news, Director Roger B. Plank acquired 3,000 shares of the stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $25.98 per share, for a total transaction of $77,940.00. Following the transaction, the director now owns 30,787 shares of the company’s stock, valued at approximately $799,846.26. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $26.18, for a total transaction of $314,160.00. Following the completion of the sale, the insider now owns 279,322 shares of the company’s stock, valued at approximately $7,312,649.96. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.
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NFX has been the topic of several research analyst reports. Barclays PLC raised their price target on shares of Newfield Exploration from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 11th. Jefferies Group LLC restated a “buy” rating and issued a $46.00 price target on shares of Newfield Exploration in a research report on Thursday, July 6th. Morgan Stanley raised their price target on shares of Newfield Exploration from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Zacks Investment Research lowered shares of Newfield Exploration from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, 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 report on Friday, July 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $39.37.
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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