Newfield Exploration Company (NYSE:NFX) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday.

Several other research analysts have also weighed in on NFX. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $36.00 target price (down from $40.00) on shares of Newfield Exploration in a research report on Wednesday, August 9th. Royal Bank Of Canada set a $54.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Barclays PLC reaffirmed an “equal weight” rating and issued a $22.00 target price (down from $23.00) on shares of Newfield Exploration in a research report on Wednesday, August 9th. Zacks Investment Research raised Newfield Exploration from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Williams Capital set a $45.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $42.75.

Newfield Exploration (NYSE:NFX) traded up 1.36% during midday trading on Friday, reaching $25.31. The company’s stock had a trading volume of 2,837,719 shares. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 16.41 and a beta of 1.48. The company has a 50 day moving average price of $26.89 and a 200 day moving average price of $32.87. Newfield Exploration has a 1-year low of $24.91 and a 1-year high of $50.00.

Newfield Exploration (NYSE:NFX) last posted its quarterly earnings data on Tuesday, August 1st. The energy company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.01. Newfield Exploration had a return on equity of 33.17% and a net margin of 18.82%. The business had revenue of $402 million for the quarter, compared to analyst estimates of $413.70 million. During the same quarter last year, the business earned $0.32 EPS. Newfield Exploration’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts expect that Newfield Exploration will post $1.92 EPS for the current year.

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In other Newfield Exploration news, Director Roger B. Plank bought 3,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $25.98 per share, with a total value of $77,940.00. Following the completion of the transaction, the director now owns 30,787 shares in the company, valued at $799,846.26. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in Newfield Exploration by 8.5% in the second quarter. Pacer Advisors Inc. now owns 4,059 shares of the energy company’s stock worth $116,000 after buying an additional 319 shares during the period. Global X Management Co. LLC increased its position in Newfield Exploration by 30.5% in the first quarter. Global X Management Co. LLC now owns 3,311 shares of the energy company’s stock worth $122,000 after buying an additional 774 shares during the period. Dupont Capital Management Corp purchased a new position in Newfield Exploration during the second quarter worth approximately $131,000. Ameritas Investment Partners Inc. purchased a new position in Newfield Exploration during the first quarter worth approximately $175,000. Finally, Mn Services Vermogensbeheer B.V. increased its position in Newfield Exploration by 6.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,316 shares of the energy company’s stock worth $183,000 after buying an additional 310 shares during the period. Institutional investors and hedge funds own 98.33% 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.

Analyst Recommendations for Newfield Exploration (NYSE:NFX)

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