Jefferies Group Analysts Give Newfield Exploration (NFX) a $35.00 Price Target

Newfield Exploration (NYSE:NFX) has been given a $35.00 price objective by stock analysts at Jefferies Group in a report issued on Friday. The brokerage presently has a “buy” rating on the energy company’s stock. Jefferies Group’s price target points to a potential upside of 41.93% from the company’s current price.

A number of other brokerages also recently commented on NFX. BMO Capital Markets lowered their price objective on Newfield Exploration from $36.00 to $29.00 and set a “market perform” rating for the company in a research report on Friday. KLR Group raised Newfield Exploration from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Thursday. B. Riley set a $36.00 price objective on Newfield Exploration and gave the company a “buy” rating in a research report on Thursday. Williams Capital set a $50.00 price objective on Newfield Exploration and gave the company a “buy” rating in a research report on Wednesday. Finally, Zacks Investment Research downgraded Newfield Exploration from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $38.27.

Newfield Exploration (NYSE:NFX) opened at $24.66 on Friday. The company has a current ratio of 0.91, a quick ratio of 1.15 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $4,920.00, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 0.59 and a beta of 1.35. Newfield Exploration has a 1 year low of $22.96 and a 1 year high of $37.89.

Newfield Exploration (NYSE:NFX) last released its quarterly earnings results on Tuesday, February 20th. The energy company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.11. The company 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 35.57% and a net margin of 24.17%. Newfield Exploration’s revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. sell-side analysts forecast that Newfield Exploration will post 3.02 EPS for the current fiscal year.

In related news, insider Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction on Friday, December 1st. The stock was sold at an average price of $31.30, for a total value of $375,600.00. Following the transaction, the insider now owns 243,322 shares in the company, valued at $7,615,978.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 36,000 shares of company stock worth $1,138,680 in the last quarter. 0.54% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Creative Planning acquired a new position in Newfield Exploration in the fourth quarter valued at $1,394,000. Neuberger Berman Group LLC lifted its stake in shares of Newfield Exploration by 52.7% during the third quarter. Neuberger Berman Group LLC now owns 12,588 shares of the energy company’s stock worth $373,000 after purchasing an additional 4,345 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Newfield Exploration by 9.1% during the third quarter. California Public Employees Retirement System now owns 425,649 shares of the energy company’s stock worth $12,629,000 after purchasing an additional 35,549 shares in the last quarter. Atlantic Trust Group LLC lifted its stake in shares of Newfield Exploration by 10.1% during the third quarter. Atlantic Trust Group LLC now owns 279,646 shares of the energy company’s stock worth $8,297,000 after purchasing an additional 25,738 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of Newfield Exploration by 0.4% during the fourth quarter. Swiss National Bank now owns 734,900 shares of the energy company’s stock worth $23,171,000 after purchasing an additional 2,700 shares in the last quarter. 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.

Analyst Recommendations for Newfield Exploration (NYSE:NFX)

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