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Newfield Exploration (NYSE:NFX) was down 2.5% during trading on Tuesday after an insider sold shares in the company, Analyst RN reports. The company traded as low as $42.41 and last traded at $42.50, with a volume of 1,647,151 shares traded. The stock had previously closed at $43.60.

Specifically, Director Charles E. Shultz unloaded 10,000 shares of Newfield Exploration stock on the open market 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

NFX has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $42.54.

The stock’s 50-day moving average is $37.12 and its 200-day moving average is $29.95. The company has a market cap of $5.640 billion and a price-to-earnings ratio of 14.18.

Newfield Exploration (NYSE:NFX) last released its earnings data 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. On average, analysts predict that Newfield Exploration will post $1.95 earnings per share 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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