ValuEngine upgraded shares of Newfield Exploration (NYSE:NFX) from a sell rating to a hold rating in a report published on Friday morning.
NFX has been the subject of several other reports. Williams Capital reiterated a buy rating and issued a $39.00 price objective on shares of Newfield Exploration in a research report on Wednesday, May 2nd. Seaport Global Securities upgraded Newfield Exploration from a neutral rating to a buy rating in a research report on Friday, June 1st. B. Riley increased their price objective on Newfield Exploration from $36.00 to $48.00 and gave the stock a buy rating in a research report on Monday, June 11th. Stifel Nicolaus set a $43.00 price objective on Newfield Exploration and gave the stock a buy rating in a research report on Monday, April 23rd. Finally, Tudor Pickering lowered Newfield Exploration from a buy rating to a hold rating in a research report on Thursday, May 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company’s stock. Newfield Exploration has an average rating of Buy and a consensus price target of $37.76.
NFX stock opened at $29.68 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $6.14 billion, a PE ratio of 13.80, a P/E/G ratio of 0.75 and a beta of 1.48. Newfield Exploration has a 1 year low of $22.72 and a 1 year high of $35.20.
Newfield Exploration (NYSE:NFX) last posted its quarterly earnings results on Tuesday, May 1st. The energy company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $580.00 million during the quarter, compared to analyst estimates of $552.56 million. Newfield Exploration had a return on equity of 36.67% and a net margin of 18.96%. The business’s revenue was up 39.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 earnings per share. equities research analysts predict that Newfield Exploration will post 3.3 EPS for the current fiscal year.
In related news, Director Roger B. Plank acquired 2,000 shares of Newfield Exploration stock in a transaction dated Wednesday, March 28th. The shares were acquired at an average cost of $23.38 per share, for a total transaction of $46,760.00. Following the completion of the purchase, the director now owns 32,787 shares in the company, valued at $766,560.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.59% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. 180 Wealth Advisors LLC acquired a new stake in shares of Newfield Exploration in the first quarter valued at $434,000. Howard Capital Management Inc. raised its stake in Newfield Exploration by 25.4% in the first quarter. Howard Capital Management Inc. now owns 8,572 shares of the energy company’s stock valued at $203,000 after buying an additional 1,735 shares in the last quarter. Amalgamated Bank raised its stake in Newfield Exploration by 6.4% in the first quarter. Amalgamated Bank now owns 44,052 shares of the energy company’s stock valued at $1,076,000 after buying an additional 2,639 shares in the last quarter. Principal Financial Group Inc. raised its stake in Newfield Exploration by 5.5% in the first quarter. Principal Financial Group Inc. now owns 308,756 shares of the energy company’s stock valued at $7,540,000 after buying an additional 15,965 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV acquired a new stake in Newfield Exploration in the first quarter valued at $351,000. Institutional investors and hedge funds own 99.26% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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