Newfield Exploration Co. (NYSE:NFX) reached a new 52-week low during trading on Wednesday . The company traded as low as $23.36 and last traded at $23.39, with a volume of 7756463 shares traded. The stock had previously closed at $25.73.
A number of equities research analysts have recently commented on NFX shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $39.00 price target on shares of Newfield Exploration in a research report on Tuesday, November 7th. Williams Capital set a $46.00 price target on Newfield Exploration and gave the stock a “buy” rating in a research report on Wednesday, November 1st. JPMorgan Chase & Co. lowered Newfield Exploration from an “overweight” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research report on Friday, December 15th. KeyCorp reaffirmed a “hold” rating on shares of Newfield Exploration in a research report on Monday, November 13th. Finally, Zacks Investment Research raised Newfield Exploration from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. Newfield Exploration currently has an average rating of “Buy” and an average price target of $39.18.
The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $5,170.13, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 0.53 and a beta of 1.35.
Newfield Exploration (NYSE:NFX) last posted its quarterly earnings results on Tuesday, February 20th. The energy company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.11. The firm had revenue of $509.00 million during the quarter, compared to the consensus estimate of $497.95 million. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The business’s revenue was up 22.7% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. equities research analysts predict that Newfield Exploration Co. will post 2.12 earnings per share for the current fiscal year.
In other Newfield Exploration news, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $31.75, for a total value of $381,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 36,000 shares of company stock valued at $1,138,680. Corporate insiders own 0.54% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Assetmark Inc. boosted its stake in shares of Newfield Exploration by 14,896.2% during the 4th quarter. Assetmark Inc. now owns 3,899 shares of the energy company’s stock worth $123,000 after acquiring an additional 3,873 shares during the period. ETRADE Capital Management LLC bought a new position in shares of Newfield Exploration during the 4th quarter worth approximately $211,000. Vident Investment Advisory LLC bought a new position in shares of Newfield Exploration during the 3rd quarter worth approximately $212,000. Thrivent Financial For Lutherans boosted its stake in shares of Newfield Exploration by 3.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock worth $214,000 after acquiring an additional 230 shares during the period. Finally, MAI Capital Management bought a new position in shares of Newfield Exploration during the 4th quarter worth approximately $240,000. Hedge funds and other institutional investors own 99.82% 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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