Newfield Exploration Price Target Raised to $55.00 at Barclays (NFX)
Analysts at Barclays boosted their target price on shares of Newfield Exploration (NYSE:NFX) from $53.00 to $55.00 in a research report issued to clients and investors on Monday. The firm currently has an “overweight” rating on the stock. Barclays’ price target would indicate a potential upside of 23.65% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Newfield Exploration in a research note on Friday. They now have a $47.00 price target on the stock, up previously from $42.00. Separately, analysts at RBC Capital raised their price target on shares of Newfield Exploration from $40.00 to $45.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Newfield Exploration in a research note on Monday, July 14th. They now have a $46.00 price target on the stock, up previously from $36.00. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Newfield Exploration currently has a consensus rating of “Buy” and a consensus target price of $46.36.
Shares of Newfield Exploration (NYSE:NFX) traded up 0.79% on Monday, hitting $44.48. 1,177,376 shares of the company’s stock traded hands. Newfield Exploration has a 1-year low of $22.71 and a 1-year high of $44.60. The stock’s 50-day moving average is $41.40 and its 200-day moving average is $32.29. The company has a market cap of $5.935 billion and a price-to-earnings ratio of 14.35.
Newfield Exploration (NYSE:NFX) last announced its earnings results 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 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 $2.13 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.