Stifel Nicolaus set a $43.00 target price on Newfield Exploration (NYSE:NFX) in a research report sent to investors on Monday morning. The brokerage currently has a buy rating on the energy company’s stock.
NFX has been the subject of a number of other research reports. B. Riley began coverage on Newfield Exploration in a report on Monday, February 5th. They issued a buy rating and a $46.00 price target for the company. BMO Capital Markets restated a hold rating and issued a $36.00 price target on shares of Newfield Exploration in a report on Sunday, January 14th. Deutsche Bank began coverage on Newfield Exploration in a report on Wednesday, April 4th. They issued a hold rating and a $32.00 price target for the company. Cowen set a $40.00 price target on Newfield Exploration and gave the stock a buy rating in a report on Thursday, January 18th. Finally, Bank of America upgraded Newfield Exploration from a neutral rating to a buy rating and set a $46.00 price target for the company in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $37.22.
NYSE NFX opened at $29.38 on Monday. The company has a market capitalization of $5,666.13, a price-to-earnings ratio of 13.67, a P/E/G ratio of 0.76 and a beta of 1.53. Newfield Exploration has a fifty-two week low of $22.72 and a fifty-two week high of $37.00. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.89.
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 Zacks’ consensus estimate of $0.60 by $0.11. The firm had revenue of $509.00 million during the quarter, compared to analysts’ expectations of $497.95 million. Newfield Exploration had a return on equity of 35.57% and a net margin of 24.17%. Newfield Exploration’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. sell-side analysts forecast that Newfield Exploration will post 3.04 earnings per share for the current fiscal year.
In other news, Director Thomas G. Ricks acquired 8,250 shares of Newfield Exploration stock in a transaction that occurred on Thursday, March 1st. The shares were purchased at an average cost of $23.78 per share, for a total transaction of $196,185.00. Following the completion of the purchase, the director now directly owns 66,447 shares of the company’s stock, valued at approximately $1,580,109.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $31.75, for a total value of $381,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. HBK Investments L P lifted its stake in Newfield Exploration by 11.9% during the fourth quarter. HBK Investments L P now owns 18,131 shares of the energy company’s stock worth $572,000 after purchasing an additional 1,932 shares during the last quarter. Amalgamated Bank lifted its stake in Newfield Exploration by 5.3% during the fourth quarter. Amalgamated Bank now owns 41,413 shares of the energy company’s stock worth $1,306,000 after purchasing an additional 2,095 shares during the last quarter. Stifel Financial Corp lifted its stake in Newfield Exploration by 6.6% during the third quarter. Stifel Financial Corp now owns 41,739 shares of the energy company’s stock worth $1,239,000 after purchasing an additional 2,589 shares during the last quarter. Swiss National Bank lifted its stake in 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 during the last quarter. Finally, Ashburton Jersey Ltd lifted its stake in Newfield Exploration by 4.4% during the fourth quarter. Ashburton Jersey Ltd now owns 72,850 shares of the energy company’s stock worth $2,297,000 after purchasing an additional 3,100 shares during 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, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company has operations principally in the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota, and the Uinta Basin of Utah.
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