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Newfield Exploration (NYSE:NFX) hit a new 52-week high on Monday , reports. The company traded as high as $44.01 and last traded at $43.83, with a volume of 1,607,468 shares changing hands. The stock had previously closed at $43.23.

A number of research firms have recently commented on NFX. Analysts at Jefferies Group raised their price target on shares of Newfield Exploration from $41.00 to $61.00 in a research note on Monday, June 16th. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Newfield Exploration in a research note on Wednesday, June 11th. They now have a $42.00 price target on the stock, up previously from $38.00. Finally, 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, June 9th. They now have an “accumulate” rating on the stock. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $42.54.

The stock’s 50-day moving average is $36.69 and its 200-day moving average is $29.73. The company has a market cap of $5.815 billion and a price-to-earnings ratio of 14.06.

Newfield Exploration (NYSE:NFX) last released its earnings data 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. Analysts expect that Newfield Exploration will post $1.95 EPS for the current fiscal year.

In other Newfield Exploration news, EVP Terry W. Rathert sold 12,500 shares of the company’s stock on the open market in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $42.07, for a total transaction of $525,875.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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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