Headlines about Newfield Exploration (NYSE:NFX) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Newfield Exploration earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media stories about the energy company an impact score of 45.2347547381001 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s scoring:
Shares of Newfield Exploration (NYSE:NFX) opened at $31.40 on Tuesday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.17 and a quick ratio of 1.15. The firm has a market cap of $6,363.85, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.31 and a beta of 1.44. Newfield Exploration has a one year low of $24.41 and a one year high of $50.00.
Newfield Exploration (NYSE:NFX) last posted its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.09. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $419.75 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. equities analysts anticipate that Newfield Exploration will post 2.1 EPS for the current fiscal year.
Several research firms have recently commented on NFX. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $36.00 target price (down previously from $40.00) on shares of Newfield Exploration in a research report on Wednesday, August 9th. Piper Jaffray Companies cut their price target on Newfield Exploration from $53.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. BMO Capital Markets set a $34.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Zacks Investment Research downgraded shares of Newfield Exploration from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Jefferies Group set a $40.00 price target on shares of Newfield Exploration and gave the stock a “buy” rating in a report on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $39.05.
In other Newfield Exploration news, Director Juanita F. Romans sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $30.02, for a total transaction of $105,070.00. Following the completion of the sale, the director now directly owns 39,034 shares of the company’s stock, valued at $1,171,800.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lee K. Boothby sold 12,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $29.10, for a total transaction of $349,200.00. The disclosure for this sale can be found here. Insiders have sold 27,500 shares of company stock worth $834,670 in the last quarter. 0.54% of the stock is owned by corporate insiders.
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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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