Newfield Exploration COO Unloads $1,556,100 in Stock (NFX)
Newfield Exploration (NYSE:NFX) COO Gary D. Packer sold 35,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $44.46, for a total transaction of $1,556,100.00. Following the completion of the sale, the chief operating officer now directly owns 227,072 shares of the company’s stock, valued at approximately $10,095,621. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Newfield Exploration (NYSE:NFX) traded down 0.20% during mid-day trading on Wednesday, hitting $44.13. 989,453 shares of the company’s stock traded hands. Newfield Exploration has a one year low of $22.79 and a one year high of $45.43. The stock’s 50-day moving average is $42.26 and its 200-day moving average is $35.74. The company has a market cap of $5.908 billion and a price-to-earnings ratio of 20.95.
Newfield Exploration (NYSE:NFX) last released its earnings data on Tuesday, July 29th. The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.52 by $0.09. The company had revenue of $608.00 million for the quarter, compared to the consensus estimate of $582.60 million. During the same quarter last year, the company posted $0.37 earnings per share. Newfield Exploration’s revenue was up 39.8% compared to the same quarter last year. Analysts expect that Newfield Exploration will post $1.96 EPS for the current fiscal year.
A number of analysts have recently weighed in on NFX shares. Analysts at Barclays raised their price target on shares of Newfield Exploration from $53.00 to $55.00 in a research note on Monday, July 21st. They now have an “overweight” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Newfield Exploration in a research note on Friday, July 18th. They now have a $47.00 price target on the stock, up previously from $42.00. Finally, 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, July 18th. They now have an “outperform” rating on the stock. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $45.85.
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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