Newfield Exploration Company (NFX) Scheduled to Post Earnings on Tuesday
Newfield Exploration Company (NYSE:NFX) will be posting its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect Newfield Exploration to post earnings of $0.43 per share for the quarter.
Newfield Exploration (NYSE:NFX) last announced its quarterly earnings data on Tuesday, August 1st. The energy company reported $0.43 earnings per share for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $413.70 million. During the same period in the prior year, the firm posted $0.32 EPS. Newfield Exploration’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts expect Newfield Exploration to post $1.97 EPS for the current fiscal year and $2.34 EPS for the next fiscal year.
Shares of Newfield Exploration Company (NYSE NFX) opened at 28.52 on Tuesday. The firm has a 50-day moving average price of $28.68 and a 200-day moving average price of $29.69. Newfield Exploration Company has a one year low of $24.41 and a one year high of $50.00. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 18.50 and a beta of 1.53.
In other news, Director Roger B. Plank purchased 3,000 shares of Newfield Exploration stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $25.98 per share, for a total transaction of $77,940.00. Following the transaction, the director now owns 30,787 shares in the company, valued at $799,846.26. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction that occurred 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.
NFX has been the subject of several recent analyst reports. Citigroup Inc. decreased their target price on shares of Newfield Exploration from $50.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Royal Bank Of Canada restated a “buy” rating and issued a $42.00 target price on shares of Newfield Exploration in a research report on Thursday, July 20th. Cowen and Company set a $35.00 target price on shares of Newfield Exploration and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and issued a $46.00 target price on shares of Newfield Exploration in a research report on Thursday, July 6th. Finally, Scotiabank restated a “buy” rating and issued a $39.00 target price on shares of Newfield Exploration in a research report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $39.72.
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.
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