Williams Capital reissued their buy rating on shares of Newfield Exploration (NYSE:NFX) in a report released on Thursday morning. Williams Capital currently has a $44.00 target price on the energy company’s stock.
Other equities analysts have also issued research reports about the stock. BMO Capital Markets reaffirmed a hold rating and set a $33.00 target price on shares of Newfield Exploration in a report on Thursday, July 12th. SunTrust Banks lowered shares of Newfield Exploration from a buy rating to a hold rating in a report on Friday, July 27th. Morgan Stanley increased their target price on shares of Newfield Exploration from $32.00 to $33.00 and gave the company a hold rating in a report on Wednesday, September 26th. Jefferies Financial Group reaffirmed a buy rating and set a $37.00 target price on shares of Newfield Exploration in a report on Wednesday, July 18th. Finally, Zacks Investment Research lowered shares of Newfield Exploration from a buy rating to a hold rating in a report on Tuesday, July 17th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have issued a buy rating to the stock. Newfield Exploration currently has an average rating of Hold and an average price target of $35.81.
Shares of Newfield Exploration stock traded down $1.59 on Thursday, hitting $21.87. 17,247,718 shares of the company traded hands, compared to its average volume of 3,647,437. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.70 and a current ratio of 0.72. The stock has a market cap of $3.88 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 0.44 and a beta of 1.39. Newfield Exploration has a 12-month low of $18.67 and a 12-month high of $35.20.
Newfield Exploration (NYSE:NFX) last posted its quarterly earnings data on Wednesday, October 31st. The energy company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.15. Newfield Exploration had a net margin of 17.53% and a return on equity of 41.07%. The firm had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $661.27 million. During the same quarter last year, the company posted $0.52 EPS. The business’s quarterly revenue was up 62.0% on a year-over-year basis. On average, analysts predict that Newfield Exploration will post 3.55 earnings per share for the current year.
In other Newfield Exploration news, insider Lee K. Boothby sold 16,161 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $29.25, for a total value of $472,709.25. Following the sale, the insider now owns 194,420 shares of the company’s stock, valued at approximately $5,686,785. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.59% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in NFX. LSV Asset Management grew its holdings in Newfield Exploration by 604.9% in the 2nd quarter. LSV Asset Management now owns 5,569,375 shares of the energy company’s stock worth $168,473,000 after acquiring an additional 4,779,275 shares during the last quarter. BlueMountain Capital Management LLC bought a new stake in Newfield Exploration in the 2nd quarter worth $66,428,000. Scout Investments Inc. boosted its stake in shares of Newfield Exploration by 153.8% during the 2nd quarter. Scout Investments Inc. now owns 2,700,782 shares of the energy company’s stock valued at $81,699,000 after purchasing an additional 1,636,795 shares in the last quarter. Carillon Tower Advisers Inc. boosted its stake in shares of Newfield Exploration by 167.8% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 1,736,992 shares of the energy company’s stock valued at $52,544,000 after purchasing an additional 1,088,350 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Newfield Exploration during the 2nd quarter valued at about $30,365,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.
About Newfield Exploration
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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