Investors Purchase Large Volume of Newfield Exploration Put Options (NFX)
Shares of Newfield Exploration (NYSE:NFX) saw some unusual options trading activity on Monday. Investors purchased 3,795 put options on the stock, StockRatingsNetwork.com reports. This represents an increase of 186% compared to the typical volume of 1,328 put options.
In other Newfield Exploration news, VP John H. Jasek sold 10,000 shares of Newfield Exploration stock on the open market in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $36.10, for a total transaction of $361,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on NFX shares. Analysts at KLR Group raised their price target on shares of Newfield Exploration from $4.00 to $41.00 in a research note on Monday. They now have an “accumulate” rating on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Newfield Exploration from $50.00 to $60.00 in a research note on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Newfield Exploration in a research note on Wednesday, June 4th. They now have a $38.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $40.67.
Shares of Newfield Exploration (NYSE:NFX) traded up 2.12% during mid-day trading on Monday, hitting $38.07. 2,606,757 shares of the company’s stock traded hands. Newfield Exploration has a 52 week low of $22.15 and a 52 week high of $37.42. The stock has a 50-day moving average of $34.4 and a 200-day moving average of $28.88. The company has a market cap of $5.079 billion and a price-to-earnings ratio of 12.12.
Newfield Exploration (NYSE:NFX) last announced its 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 $1.96 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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