Newfield Exploration Company (NYSE:NFX) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Wednesday.

Other analysts also recently issued reports about the company. BMO Capital Markets lowered their price target on Newfield Exploration Company from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, February 27th. Barclays PLC restated an “equal weight” rating and issued a $33.00 price target (down from $39.00) on shares of Newfield Exploration Company in a research report on Saturday, April 22nd. J P Morgan Chase & Co restated an “overweight” rating and issued a $42.00 price target (down from $48.00) on shares of Newfield Exploration Company in a research report on Monday, June 5th. Deutsche Bank AG raised their price target on Newfield Exploration Company from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, March 7th. Finally, Royal Bank Of Canada set a $54.00 price target on Newfield Exploration Company and gave the stock a “buy” rating in a research report on Saturday, June 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $48.96.

Analyst Recommendations for Newfield Exploration Company (NYSE:NFX)

Shares of Newfield Exploration Company (NYSE NFX) traded down 3.38% during mid-day trading on Wednesday, reaching $30.06. 4,252,755 shares of the company’s stock traded hands. The stock’s market cap is $5.93 billion. The firm’s 50 day moving average price is $33.29 and its 200-day moving average price is $38.10. Newfield Exploration Company has a 12-month low of $28.69 and a 12-month high of $50.00.

Newfield Exploration Company (NYSE:NFX) last posted its earnings results on Tuesday, May 2nd. The energy company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.12. Newfield Exploration Company had a negative net margin of 28.60% and a positive return on equity of 33.87%. The firm had revenue of $417 million during the quarter, compared to analyst estimates of $425.44 million. Equities research analysts forecast that Newfield Exploration Company will post $2.33 earnings per share for the current year.

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In related news, insider Lee K. Boothby sold 9,000 shares of Newfield Exploration Company stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $34.57, for a total value of $311,130.00. Following the completion of the sale, the insider now directly owns 335,047 shares in the company, valued at $11,582,574.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Cubic Asset Management LLC raised its position in Newfield Exploration Company by 0.6% in the first quarter. Cubic Asset Management LLC now owns 8,880 shares of the energy company’s stock valued at $328,000 after buying an additional 50 shares during the period. Pacer Advisors Inc. raised its position in Newfield Exploration Company by 3.3% in the first quarter. Pacer Advisors Inc. now owns 3,740 shares of the energy company’s stock valued at $138,000 after buying an additional 121 shares during the period. Advantus Capital Management Inc raised its position in Newfield Exploration Company by 1.2% in the first quarter. Advantus Capital Management Inc now owns 19,773 shares of the energy company’s stock valued at $730,000 after buying an additional 237 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in Newfield Exploration Company by 6.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,316 shares of the energy company’s stock valued at $183,000 after buying an additional 310 shares during the period. Finally, Bbva Compass Bancshares Inc. raised its position in Newfield Exploration Company by 1.5% in the first quarter. Bbva Compass Bancshares Inc. now owns 22,488 shares of the energy company’s stock valued at $831,000 after buying an additional 343 shares during the period. Institutional investors own 99.40% of the company’s stock.

Newfield Exploration Company Company Profile

Newfield Exploration Company is an independent exploration and production company. It is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. Its operating segments are the United States and China. Its the United States operations are onshore and focus primarily on large scale, liquids resource plays.

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