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Newfield Exploration (NYSE:NFX) Director Charles E. Shultz unloaded 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $43.84, for a total value of $438,400.00. Following the sale, the director now directly owns 39,102 shares in the company, valued at approximately $1,714,232. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of research firms have recently commented on NFX. Analysts at KLR Group downgraded shares of Newfield Exploration from an “accumulate” rating to a “hold” rating in a research note on Tuesday. They now have a $41.00 price target on the stock. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $42.54.

Shares of Newfield Exploration (NYSE:NFX) traded down 2.89% during mid-day trading on Tuesday, hitting $42.34. 3,162,723 shares of the company’s stock traded hands. Newfield Exploration has a 1-year low of $22.71 and a 1-year high of $44.01. The stock has a 50-day moving average of $36.98 and a 200-day moving average of $29.85. The company has a market cap of $5.649 billion and a P/E ratio of 14.18.

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.

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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