Shares of Newfield Exploration Co. (NYSE:NFX) reached a new 52-week low during trading on Thursday . The stock traded as low as $16.13 and last traded at $16.43, with a volume of 434542 shares changing hands. The stock had previously closed at $17.23.
Several research firms have recently commented on NFX. Morgan Stanley lifted their price target on shares of Newfield Exploration from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, September 26th. Susquehanna Bancshares reaffirmed a “neutral” rating on shares of Newfield Exploration in a research report on Friday, November 2nd. ValuEngine lowered shares of Newfield Exploration from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. UBS Group downgraded shares of Newfield Exploration from a “positive” rating to a “neutral” rating in a report on Friday, November 2nd. Finally, Edward Jones downgraded shares of Newfield Exploration to a “hold” rating in a report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.47.
The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.70 and a current ratio of 0.72. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 0.40 and a beta of 1.66.
Newfield Exploration (NYSE:NFX) last posted its earnings results 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. The firm had revenue of $711.00 million during the quarter, compared to the consensus estimate of $661.27 million. Newfield Exploration had a net margin of 21.14% and a return on equity of 43.65%. The firm’s revenue for the quarter was up 62.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. As a group, research analysts expect that Newfield Exploration Co. will post 3.58 earnings per share for the current year.
In other Newfield Exploration news, insider Lee K. Boothby sold 16,161 shares of the business’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 completion of the transaction, the insider now owns 194,420 shares in the company, valued at $5,686,785. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.59% of the company’s stock.
Large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew 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 worth $34,852,000 after acquiring an additional 149,303 shares in the last quarter. Korea Investment CORP grew 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 worth $740,000 after acquiring an additional 7,200 shares in the last quarter. Aperio Group LLC grew 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 worth $2,906,000 after acquiring an additional 20,044 shares in the last quarter. Canada Pension Plan Investment Board grew 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 worth $7,115,000 after acquiring an additional 38,700 shares in the last quarter. Finally, Reinhart Partners Inc. grew its stake in shares of Newfield Exploration by 4.0% in the third quarter. Reinhart Partners Inc. now owns 469,018 shares of the energy company’s stock worth $13,522,000 after acquiring an additional 17,992 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.
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About Newfield Exploration (NYSE:NFX)
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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