Newfield Exploration Co. (NYSE:NFX) – Investment analysts at KeyCorp cut their Q1 2018 earnings per share (EPS) estimates for Newfield Exploration in a report issued on Wednesday, March 14th, according to Zacks Investment Research. KeyCorp analyst D. Deckelbaum now forecasts that the energy company will post earnings per share of $0.65 for the quarter, down from their prior forecast of $0.66. KeyCorp also issued estimates for Newfield Exploration’s Q2 2018 earnings at $0.72 EPS and FY2018 earnings at $2.80 EPS.
NFX has been the topic of a number of other research reports. JPMorgan Chase downgraded shares of Newfield Exploration from an “overweight” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a report on Friday, December 15th. BMO Capital Markets reaffirmed a “hold” rating and set a $36.00 price target on shares of Newfield Exploration in a report on Sunday, January 14th. B. Riley started coverage on shares of Newfield Exploration in a report on Monday, February 5th. They set a “buy” rating and a $46.00 price target on the stock. Seaport Global Securities raised shares of Newfield Exploration from a “sell” rating to a “neutral” rating in a report on Tuesday, December 19th. 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 report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $37.30.
Shares of NFX traded down $0.41 on Friday, reaching $24.25. The company’s stock had a trading volume of 4,230,931 shares, compared to its average volume of 4,200,914. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.73. The company has a market cap of $4,925.15, a price-to-earnings ratio of 11.28, a PEG ratio of 0.70 and a beta of 1.53. Newfield Exploration has a 12-month low of $22.72 and a 12-month high of $37.43.
Newfield Exploration (NYSE:NFX) last posted its quarterly earnings data on Tuesday, February 20th. The energy company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. The company had revenue of $509.00 million for the quarter, compared to the consensus estimate of $497.95 million. Newfield Exploration had a net margin of 24.17% and a return on equity of 35.57%. The firm’s revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 earnings per share.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Assetmark Inc. increased its position in Newfield Exploration by 14,896.2% in the fourth quarter. Assetmark Inc. now owns 3,899 shares of the energy company’s stock worth $123,000 after purchasing an additional 3,873 shares during the last quarter. ETRADE Capital Management LLC bought a new stake in Newfield Exploration in the fourth quarter worth $211,000. Vident Investment Advisory LLC bought a new stake in Newfield Exploration in the third quarter worth $212,000. MAI Capital Management bought a new stake in Newfield Exploration in the fourth quarter worth $240,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in Newfield Exploration in the fourth quarter worth $257,000. Institutional investors own 99.82% of the company’s stock.
In other news, insider Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $31.75, for a total transaction of $381,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Roger B. Plank acquired 2,000 shares of Newfield Exploration stock in a transaction dated Wednesday, March 28th. The shares were bought at an average price of $23.38 per share, for a total transaction of $46,760.00. Following the transaction, the director now owns 32,787 shares of the company’s stock, valued at $766,560.06. The disclosure for this purchase can be found here. Company 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.
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