Newfield Exploration (NYSE:NFX)‘s stock had its “neutral” rating reiterated by equities research analysts at Susquehanna Bancshares in a report released on Friday.
Other equities analysts have also recently issued research reports about the company. Seaport Global Securities reissued a “buy” rating on shares of Newfield Exploration in a report on Wednesday, July 25th. Zacks Investment Research raised Newfield Exploration from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Monday, July 16th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $36.00 target price on shares of Newfield Exploration in a report on Friday, July 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $37.00 target price on shares of Newfield Exploration in a report on Wednesday, July 18th. Finally, Williams Capital reaffirmed a “buy” rating and issued a $44.00 target price on shares of Newfield Exploration in a report on Thursday. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $35.81.
Newfield Exploration stock opened at $21.87 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.72 and a debt-to-equity ratio of 1.30. Newfield Exploration has a 52 week low of $18.67 and a 52 week high of $35.20. The firm has a market cap of $4.38 billion, a PE ratio of 6.28, a price-to-earnings-growth ratio of 0.50 and a beta of 1.65.
Newfield Exploration (NYSE:NFX) last posted its quarterly earnings results on Wednesday, October 31st. The energy company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.15. Newfield Exploration had a return on equity of 43.65% and a net margin of 21.14%. The company had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $661.27 million. During the same quarter in the previous year, the firm earned $0.52 EPS. Newfield Exploration’s revenue was up 62.0% on a year-over-year basis. As a group, research analysts forecast that Newfield Exploration will post 3.55 EPS for the current year.
In other news, insider Lee K. Boothby sold 16,161 shares of the stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $29.25, for a total value of $472,709.25. Following the completion of the sale, the insider now owns 194,420 shares of the company’s stock, valued at $5,686,785. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.59% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its stake in shares of Newfield Exploration by 14.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,152,129 shares of the energy company’s stock valued at $34,852,000 after buying an additional 149,303 shares during the period. BP PLC acquired a new stake in shares of Newfield Exploration in the second quarter valued at about $787,000. Korea Investment CORP increased its stake in shares of Newfield Exploration by 41.7% in the second quarter. Korea Investment CORP now owns 24,472 shares of the energy company’s stock valued at $740,000 after buying an additional 7,200 shares during the period. Aperio Group LLC increased its stake in shares of Newfield Exploration by 26.4% in the second quarter. Aperio Group LLC now owns 96,065 shares of the energy company’s stock valued at $2,906,000 after buying an additional 20,044 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of Newfield Exploration by 19.7% in the second quarter. Canada Pension Plan Investment Board now owns 235,200 shares of the energy company’s stock valued at $7,115,000 after buying an additional 38,700 shares during the period. 99.29% of the stock is owned by institutional investors.
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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