Newfield Exploration Co. (NFX) Forecasted to Post Q2 2018 Earnings of $0.64 Per Share

Newfield Exploration Co. (NYSE:NFX) – Capital One Financial issued their Q2 2018 earnings estimates for Newfield Exploration in a research report issued on Wednesday. Capital One Financial analyst R. Tullis anticipates that the energy company will post earnings of $0.64 per share for the quarter. Capital One Financial also issued estimates for Newfield Exploration’s Q3 2018 earnings at $0.68 EPS and Q4 2018 earnings at $0.71 EPS.

Several other equities analysts have also weighed in on the stock. KLR Group raised shares of Newfield Exploration from a “hold” rating to a “buy” rating in a research report on Thursday. B. Riley set a $36.00 price target on shares of Newfield Exploration and gave the company a “buy” rating in a research report on Thursday. Williams Capital set a $50.00 price target on shares of Newfield Exploration and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research lowered shares of Newfield Exploration from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Morgan Stanley lifted their price target on shares of Newfield Exploration from $33.00 to $37.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.73.

Newfield Exploration (NYSE:NFX) opened at $23.36 on Thursday. The firm has a market cap of $5,138.86, a P/E ratio of 10.89, a P/E/G ratio of 0.52 and a beta of 1.35. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87. Newfield Exploration has a 52-week low of $23.10 and a 52-week high of $39.96.

Newfield Exploration (NYSE:NFX) last issued its quarterly earnings data on Tuesday, February 20th. The energy company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.11. The firm had revenue of $509.00 million for the quarter, compared to analyst estimates of $497.95 million. Newfield Exploration had a net margin of 24.17% and a return on equity of 37.08%. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 earnings per share.

A number of institutional investors and hedge funds have recently bought and sold shares of NFX. Thrivent Financial For Lutherans boosted its stake in Newfield Exploration by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock worth $214,000 after buying an additional 230 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Newfield Exploration by 17.6% during the second quarter. Sterling Capital Management LLC now owns 25,952 shares of the energy company’s stock worth $739,000 after buying an additional 3,882 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Newfield Exploration by 6.0% during the second quarter. Public Employees Retirement System of Ohio now owns 114,242 shares of the energy company’s stock worth $3,251,000 after buying an additional 6,512 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in Newfield Exploration by 21.2% during the third quarter. Mutual of America Capital Management LLC now owns 40,425 shares of the energy company’s stock worth $1,199,000 after buying an additional 7,063 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Newfield Exploration by 1.6% during the third quarter. Assenagon Asset Management S.A. now owns 119,165 shares of the energy company’s stock worth $3,536,000 after buying an additional 1,860 shares in the last quarter. Hedge funds and other institutional investors own 99.82% of the company’s stock.

In other Newfield Exploration news, CEO Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction on Tuesday, January 2nd. The shares were 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 $7,107,802.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 36,000 shares of company stock worth $1,138,680 in the last quarter. Corporate insiders own 0.54% 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.

Earnings History and Estimates for Newfield Exploration (NYSE:NFX)

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