Newfield Exploration Given New $45.00 Price Target at RBC Capital (NFX)
Equities researchers at RBC Capital upped their price objective on shares of Newfield Exploration (NYSE:NFX) from $40.00 to $45.00 in a research report issued on Friday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective suggests a potential upside of 1.97% from the stock’s previous close.
A number of other analysts have also recently weighed in on NFX. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Newfield Exploration in a research note on Monday. They now have a $46.00 price target on the stock, up previously from $36.00. Separately, analysts at Zacks upgraded shares of Newfield Exploration from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 3rd. They now have a $53.00 price target on the stock. Finally, analysts at Societe Generale downgraded shares of Newfield Exploration from a “buy” rating to a “hold” rating in a research note on Thursday, July 3rd. They now have a $47.00 price target on the stock, up previously from $42.00. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Newfield Exploration currently has a consensus rating of “Buy” and an average target price of $45.21.
Newfield Exploration (NYSE:NFX) traded up 1.33% during mid-day trading on Friday, hitting $44.13. 2,448,232 shares of the company’s stock traded hands. Newfield Exploration has a one year low of $22.71 and a one year high of $44.60. The stock’s 50-day moving average is $41.04 and its 200-day moving average is $32.15. The company has a market cap of $5.888 billion and a price-to-earnings ratio of 14.16.
Newfield Exploration (NYSE:NFX) last announced its earnings results on Tuesday, April 29th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 49.5% on a year-over-year basis. On average, analysts predict that Newfield Exploration will post $2.10 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.