Newfield Exploration Company (NFX) PT Set at $37.00 by Stifel Nicolaus
Newfield Exploration Company (NYSE:NFX) has been given a $37.00 price objective by investment analysts at Stifel Nicolaus in a research note issued on Thursday. The brokerage currently has a “buy” rating on the energy company’s stock. Stifel Nicolaus’ target price points to a potential upside of 21.43% from the company’s previous close.
Several other brokerages also recently commented on NFX. BidaskClub upgraded shares of Newfield Exploration from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. J P Morgan Chase & Co restated an “overweight” rating and issued 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 restated an “equal weight” rating and issued a $22.00 price target (down previously from $23.00) on shares of Newfield Exploration in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of 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 price target on shares of Newfield Exploration and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nineteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $41.14.
Shares of Newfield Exploration (NYSE:NFX) traded down 0.79% on Thursday, hitting $30.23. The company had a trading volume of 861,307 shares. The company has a 50-day moving average of $27.13 and a 200 day moving average of $30.26. The stock has a market cap of $5.97 billion, a PE ratio of 19.60 and a beta of 1.53. Newfield Exploration has a 12 month low of $24.41 and a 12 month high of $50.00.
Newfield Exploration (NYSE:NFX) last released its earnings results on Tuesday, August 1st. The energy company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). Newfield Exploration had a net margin of 18.82% and a return on equity of 33.17%. The business had revenue of $402.00 million for the quarter, compared to analyst estimates of $413.70 million. During the same period in the prior year, the company earned $0.32 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts anticipate that Newfield Exploration will post $1.88 EPS for the current fiscal year.
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In other news, Director Roger B. Plank bought 3,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $25.98 per share, for a total transaction of $77,940.00. Following the purchase, the director now owns 30,787 shares of the company’s stock, valued at approximately $799,846.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $29.10, for a total transaction of $349,200.00. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.
Large investors have recently bought and sold shares of the stock. PineBridge Investments L.P. grew its stake in Newfield Exploration by 312.2% in the 2nd quarter. PineBridge Investments L.P. now owns 2,333 shares of the energy company’s stock valued at $103,000 after buying an additional 1,767 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in Newfield Exploration by 3.5% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,166 shares of the energy company’s stock valued at $105,000 after buying an additional 108 shares during the last quarter. Pacer Advisors Inc. grew its stake in Newfield Exploration by 8.5% in the 2nd quarter. Pacer Advisors Inc. now owns 4,059 shares of the energy company’s stock valued at $116,000 after buying an additional 319 shares during the last quarter. Mizuho Asset Management Co. Ltd. acquired a new position in Newfield Exploration in the 2nd quarter valued at $119,000. Finally, Advisors Asset Management Inc. grew its stake in Newfield Exploration by 203.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,732 shares of the energy company’s stock valued at $119,000 after buying an additional 1,832 shares during the last quarter. Institutional investors and hedge funds own 99.15% 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.
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