Newfield Exploration Company (NYSE:NFX) – Equities research analysts at SunTrust Banks decreased their Q3 2017 earnings per share estimates for Newfield Exploration in a note issued to investors on Wednesday. SunTrust Banks analyst N. Dingmann now forecasts that the energy company will earn $0.45 per share for the quarter, down from their previous estimate of $0.54. SunTrust Banks also issued estimates for Newfield Exploration’s Q4 2017 earnings at $0.54 EPS, FY2017 earnings at $1.98 EPS, FY2019 earnings at $3.45 EPS and FY2020 earnings at $4.07 EPS.

Newfield Exploration (NYSE:NFX) last issued its quarterly earnings data on Tuesday, August 1st. The energy company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $402 million for the quarter, compared to the consensus estimate of $413.70 million. Newfield Exploration had a return on equity of 33.17% and a net margin of 18.82%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 earnings per share.

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Other equities analysts have also issued reports about the stock. Barclays PLC reiterated a “hold” rating and set a $34.00 target price on shares of Newfield Exploration in a report on Monday, May 15th. Royal Bank Of Canada set a $54.00 price target on shares of Newfield Exploration and gave the company a “buy” rating in a research report on Saturday, June 3rd. Cowen and Company set a $35.00 price target on shares of Newfield Exploration and gave the company a “buy” rating in a research report on Tuesday, July 18th. Williams Capital reissued a “buy” rating and set a $56.00 price target on shares of Newfield Exploration in a research report on Wednesday, May 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $48.00 price target on shares of Newfield Exploration in a research report on Wednesday, April 12th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $43.46.

Shares of Newfield Exploration (NYSE:NFX) opened at 27.83 on Monday. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 18.05 and a beta of 1.48. The firm’s 50-day moving average price is $27.84 and its 200-day moving average price is $34.15. Newfield Exploration has a one year low of $25.46 and a one year high of $50.00.

Several hedge funds and other institutional investors have recently modified their holdings of NFX. Quadrature Capital Ltd acquired a new position in shares of Newfield Exploration during the fourth quarter valued at $235,000. Kentucky Retirement Systems acquired a new position in shares of Newfield Exploration during the fourth quarter valued at $580,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Newfield Exploration during the fourth quarter valued at $259,000. Macquarie Group Ltd. boosted its position in shares of Newfield Exploration by 10.9% in the fourth quarter. Macquarie Group Ltd. now owns 412,371 shares of the energy company’s stock valued at $16,701,000 after buying an additional 40,500 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its position in shares of Newfield Exploration by 4.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 171,450 shares of the energy company’s stock valued at $6,328,000 after buying an additional 6,628 shares in the last quarter. Institutional investors and hedge funds own 99.12% of the company’s stock.

About Newfield Exploration

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.

Earnings History and Estimates for Newfield Exploration (NYSE:NFX)

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