Newfield Exploration (NFX) Posts Quarterly Results
Newfield Exploration (NYSE:NFX) issued its quarterly earnings data on Tuesday. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04, AnalystRatingsNetwork.com reports. The company had revenue of $498.00 million for the quarter, compared to the consensus estimate of $584.36 million.
NFX has been the subject of a number of recent research reports. Analysts at Ned Davis Research upgraded shares of Newfield Exploration from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 18th. On the ratings front, analysts at BMO Capital Markets upgraded shares of Newfield Exploration from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 18th. They now have a $30.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Stifel Nicolaus upgraded shares of Newfield Exploration from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. They now have a $32.00 price target on the stock. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $32.00.
Newfield Exploration (NYSE:NFX) traded up 1.34% on Tuesday, hitting $25.66. The stock had a trading volume of 4,106,886 shares. Newfield Exploration has a 52-week low of $19.57 and a 52-week high of $32.55. The stock’s 50-day moving average is $24.76 and its 200-day moving average is $26.35. The company’s market cap is $3.416 billion.
Newfield Exploration Company (NYSE:NFX) is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids.
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