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Newfield Exploration (NYSE:NFX) SVP William D. Schneider sold 5,000 shares of the stock on the open market in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $34.54, for a total transaction of $172,700.00. Following the completion of the transaction, the senior vice president now directly owns 76,394 shares of the company’s stock, valued at approximately $2,638,649. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A number of analysts have recently weighed in on NFX shares. 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 assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $38.55.

Newfield Exploration (NYSE:NFX) traded up 1.54% during mid-day trading on Tuesday, hitting $34.96. 3,210,790 shares of the company’s stock traded hands. Newfield Exploration has a one year low of $22.15 and a one year high of $34.62. The stock’s 50-day moving average is $32.92 and its 200-day moving average is $28.27. The company has a market cap of $4.665 billion and a price-to-earnings ratio of 11.20.

Newfield Exploration (NYSE:NFX) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 49.5% on a year-over-year basis. Analysts expect that Newfield Exploration will post $1.94 EPS for the current fiscal year.

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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