Newfield Exploration Reaches New 1-Year High at $35.20 (NFX)
Newfield Exploration (NYSE:NFX)’s share price hit a new 52-week high on Tuesday , AnalystRatingsNetwork.com reports. The stock traded as high as $35.20 and last traded at $35.12, with a volume of 1,314,607 shares changing hands. The stock had previously closed at $34.43.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Newfield Exploration from $36.00 to $39.00 in a research note on Friday, May 2nd. Separately, analysts at Howard Weil raised their price target on shares of Newfield Exploration from $41.00 to $45.00 in a research note on Thursday, May 1st. They now have a “sector outperform” rating on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Newfield Exploration from $40.00 to $50.00 in a research note on Thursday, May 1st. They now have an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Newfield Exploration presently has a consensus rating of “Buy” and an average price target of $38.55.
The stock has a 50-day moving average of $32.92 and a 200-day moving average of $28.27. The company has a market cap of $4.670 billion and a price-to-earnings ratio of 11.20.
Newfield Exploration (NYSE:NFX) last announced its earnings results on Tuesday, April 29th. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.40 by $0.04. The company had revenue of $553.00 million for the quarter, compared to the consensus estimate of $513.71 million. During the same quarter last year, the company posted $0.45 earnings per share. Newfield Exploration’s revenue was up 49.5% compared to the same quarter last year. On average, analysts predict that Newfield Exploration will post $1.94 earnings per share for the current fiscal year.
In other Newfield Exploration news, CEO Lee Boothby sold 10,000 shares of the company’s stock on the open market in a transaction dated Thursday, May 8th. The shares were sold at an average price of $33.70, for a total transaction of $337,000.00. Following the transaction, the chief executive officer now directly owns 205,004 shares of the company’s stock, valued at approximately $6,908,635. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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