Newfield Exploration Company (NYSE:NFX) – Equities researchers at Jefferies Group reduced their Q3 2017 earnings estimates for Newfield Exploration in a research report issued on Monday. Jefferies Group analyst M. Hsu now expects that the energy company will earn $0.37 per share for the quarter, down from their previous estimate of $0.47. Jefferies Group has a “Buy” rating and a $46.00 price target on the stock. Jefferies Group also issued estimates for Newfield Exploration’s Q4 2017 earnings at $0.40 EPS, FY2017 earnings at $1.77 EPS, Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.59 EPS and Q4 2018 earnings at $0.60 EPS.

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

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A number of other equities analysts also recently weighed in on the company. Zacks Investment Research raised Newfield Exploration from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $36.00 price target (down previously from $40.00) on shares of Newfield Exploration in a research report on Wednesday, August 9th. Barclays PLC reaffirmed an “equal weight” rating and set a $22.00 price target (down previously from $23.00) on shares of Newfield Exploration in a research report on Wednesday, August 9th. BMO Capital Markets reaffirmed a “buy” rating and set a $34.00 price target on shares of Newfield Exploration in a research report on Friday, August 4th. Finally, Williams Capital set a $45.00 price target on Newfield Exploration and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have assigned a buy rating to the company’s stock. Newfield Exploration presently has a consensus rating of “Buy” and an average price target of $43.21.

Newfield Exploration (NYSE NFX) opened at 25.49 on Wednesday. Newfield Exploration has a 12 month low of $25.03 and a 12 month high of $50.00. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 16.53 and a beta of 1.48. The company’s 50-day moving average is $27.13 and its 200 day moving average is $33.09.

In other news, Director Roger B. Plank acquired 3,000 shares of the stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $25.98 per share, for a total transaction of $77,940.00. Following the transaction, the director now directly owns 30,787 shares of the company’s stock, valued at $799,846.26. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of NFX. Glen Harbor Capital Management LLC boosted its position in Newfield Exploration by 29.6% in the first quarter. Glen Harbor Capital Management LLC now owns 17,578 shares of the energy company’s stock valued at $649,000 after buying an additional 4,012 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its position in Newfield Exploration by 14.5% in the first quarter. Independent Portfolio Consultants Inc. now owns 43,941 shares of the energy company’s stock valued at $1,622,000 after buying an additional 5,565 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management boosted its position in Newfield Exploration by 4.0% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 23,325 shares of the energy company’s stock valued at $861,000 after buying an additional 892 shares during the last quarter. ProShare Advisors LLC boosted its position in Newfield Exploration by 2.6% in the first quarter. ProShare Advisors LLC now owns 46,321 shares of the energy company’s stock valued at $1,710,000 after buying an additional 1,158 shares during the last quarter. Finally, Guinness Asset Management Ltd boosted its position in Newfield Exploration by 35.1% in the first quarter. Guinness Asset Management Ltd now owns 325,875 shares of the energy company’s stock valued at $12,028,000 after buying an additional 84,700 shares during the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Newfield Exploration 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.

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

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