Newfield Exploration Company (NYSE:NFX) – KeyCorp upped their FY2017 earnings estimates for Newfield Exploration in a research report issued on Wednesday. KeyCorp analyst D. Deckelbaum now forecasts that the energy company will post earnings of $2.09 per share for the year, up from their prior forecast of $2.05. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Newfield Exploration’s Q4 2017 earnings at $0.65 EPS and FY2018 earnings at $1.80 EPS.

Other equities research analysts have also recently issued reports about the stock. 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. Zacks Investment Research raised shares of Newfield Exploration from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Stifel Nicolaus set a $37.00 price target on shares of Newfield Exploration and gave the company a “buy” rating in a research report on Friday, August 18th. BidaskClub cut shares of Newfield Exploration from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Finally, Jefferies Group LLC set a $40.00 price target on shares of Newfield Exploration and gave the company a “buy” rating in a research report on Tuesday, August 29th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.72.

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Newfield Exploration (NYSE:NFX) opened at 29.78 on Monday. Newfield Exploration has a 52-week low of $24.41 and a 52-week high of $50.00. The firm has a market capitalization of $5.88 billion, a P/E ratio of 19.31 and a beta of 1.53. The company has a 50 day moving average price of $28.61 and a 200 day moving average price of $29.85.

Newfield Exploration (NYSE:NFX) last released its earnings results 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 net margin of 18.82% and a return on equity of 33.17%. The firm had revenue of $402.00 million during the quarter, compared to analyst estimates of $413.70 million. During the same period in the previous year, the company earned $0.32 earnings per share. Newfield Exploration’s revenue was up 5.5% on a year-over-year basis.

Institutional investors and hedge funds have recently modified their holdings of the business. Schroder Investment Management Group grew its position in Newfield Exploration by 67.3% during the second quarter. Schroder Investment Management Group now owns 1,236,114 shares of the energy company’s stock worth $35,353,000 after buying an additional 497,431 shares during the period. Atlantic Trust Group LLC grew its position in Newfield Exploration by 22.8% during the second quarter. Atlantic Trust Group LLC now owns 253,908 shares of the energy company’s stock worth $7,226,000 after buying an additional 47,194 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Newfield Exploration by 21.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,229 shares of the energy company’s stock worth $1,458,000 after buying an additional 8,972 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Newfield Exploration by 106.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 144,732 shares of the energy company’s stock worth $4,119,000 after buying an additional 74,768 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in Newfield Exploration by 22.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,065,599 shares of the energy company’s stock worth $30,327,000 after buying an additional 196,405 shares during the period. Institutional investors own 99.15% of the company’s stock.

In related news, Director Roger B. Plank bought 3,000 shares of the stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $25.98 per share, for a total transaction of $77,940.00. Following the completion of the transaction, the director now owns 30,787 shares of the company’s stock, valued at approximately $799,846.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was 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. Corporate insiders own 0.54% 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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