Newfield Exploration Company (NYSE:NFX)‘s stock had its “hold” rating reiterated by equities research analysts at KeyCorp in a research note issued to investors on Thursday.

Other analysts also recently issued research reports about the company. BidaskClub upgraded Newfield Exploration from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Stifel Nicolaus set a $37.00 price objective on Newfield Exploration and gave the stock a “buy” rating in a report on Thursday, October 5th. Jefferies Group LLC restated a “buy” rating and set a $39.00 price objective on shares of Newfield Exploration in a report on Thursday. BMO Capital Markets set a $34.00 price objective on Newfield Exploration and gave the stock a “buy” rating in a report on Tuesday. Finally, Barclays PLC boosted their price objective on Newfield Exploration from $22.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $41.23.

Shares of Newfield Exploration (NYSE NFX) traded down 1.49% during midday trading on Thursday, reaching $29.78. 1,919,956 shares of the company were exchanged. Newfield Exploration has a 52-week low of $24.41 and a 52-week high of $50.00. The company has a market capitalization of $5.88 billion, a PE ratio of 19.31 and a beta of 1.53. The firm’s 50 day moving average is $27.73 and its 200-day moving average is $30.13.

Newfield Exploration (NYSE:NFX) last issued its quarterly 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 return on equity of 33.17% and a net margin of 18.82%. The business had revenue of $402.00 million during the quarter, compared to the consensus estimate of $413.70 million. During the same quarter last year, the firm posted $0.32 earnings per share. Newfield Exploration’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts forecast that Newfield Exploration will post $1.89 earnings per share for the current fiscal year.

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In other news, insider Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $29.10, for a total transaction of $349,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roger B. Plank purchased 3,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $25.98 per share, with a total value of $77,940.00. Following the completion of the acquisition, the director now owns 30,787 shares of the company’s stock, valued at $799,846.26. The disclosure for this purchase can be found here. 0.54% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of NFX. UBS Asset Management Americas Inc. lifted its holdings in shares of Newfield Exploration by 4.7% during the first quarter. UBS Asset Management Americas Inc. now owns 506,734 shares of the energy company’s stock worth $18,704,000 after buying an additional 22,660 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Newfield Exploration in the first quarter valued at $175,000. Pacer Advisors Inc. raised its stake in shares of Newfield Exploration 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 purchasing an additional 121 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Newfield Exploration by 33.0% in the first quarter. Stifel Financial Corp now owns 35,545 shares of the energy company’s stock valued at $1,316,000 after purchasing an additional 8,810 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in shares of Newfield Exploration by 16.9% in the first quarter. Stephens Inc. AR now owns 6,901 shares of the energy company’s stock valued at $255,000 after purchasing an additional 997 shares in the last quarter. Institutional investors 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.

Analyst Recommendations for Newfield Exploration (NYSE:NFX)

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