Analysts expect Newfield Exploration Company (NYSE:NFX) to post earnings per share of $0.60 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Newfield Exploration’s earnings. The highest EPS estimate is $0.95 and the lowest is $0.37. Newfield Exploration reported earnings per share of $0.49 during the same quarter last year, which would indicate a positive year over year growth rate of 22.4%. The company is expected to announce its next earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Newfield Exploration will report full-year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $1.88 to $2.47. For the next fiscal year, analysts anticipate that the company will report earnings of $2.46 per share, with EPS estimates ranging from $0.66 to $5.29. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Newfield Exploration.

Newfield Exploration (NYSE:NFX) last released its earnings results on Tuesday, October 31st. The energy company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.09. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The business had revenue of $439.00 million for the quarter, compared to the consensus estimate of $419.75 million. During the same period in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year.

NFX has been the topic of several analyst reports. Jefferies Group set a $40.00 target price on Newfield Exploration and gave the stock a “buy” rating in a report on Tuesday, August 29th. Barclays boosted their target price on Newfield Exploration from $22.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 11th. Morgan Stanley boosted their target price on Newfield Exploration from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $39.00 price target on shares of Newfield Exploration in a report on Tuesday, November 7th. Finally, BMO Capital Markets set a $34.00 price target on Newfield Exploration and gave the company a “buy” rating in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the stock. Newfield Exploration currently has a consensus rating of “Buy” and a consensus target price of $39.05.

Newfield Exploration (NYSE NFX) traded up $0.95 during trading on Friday, reaching $31.88. The company’s stock had a trading volume of 2,320,000 shares, compared to its average volume of 2,840,000. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.87. Newfield Exploration has a twelve month low of $24.41 and a twelve month high of $50.00. The company has a market capitalization of $6,360.00, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 1.27 and a beta of 1.47.

In related news, Director Juanita F. Romans sold 3,500 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $30.02, for a total transaction of $105,070.00. Following the completion of the sale, the director now owns 39,034 shares in the company, valued at $1,171,800.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $31.70, for a total value of $380,400.00. Following the sale, the chief executive officer now owns 255,322 shares of the company’s stock, valued at approximately $8,093,707.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,500 shares of company stock valued at $834,670. 0.54% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. CIBC Asset Management Inc increased its position in Newfield Exploration by 0.4% in the second quarter. CIBC Asset Management Inc now owns 17,727 shares of the energy company’s stock worth $505,000 after buying an additional 70 shares in the last quarter. Utah Retirement Systems increased its position in Newfield Exploration by 0.3% in the second quarter. Utah Retirement Systems now owns 36,416 shares of the energy company’s stock worth $1,037,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System increased its position in Newfield Exploration by 0.4% in the second quarter. Arizona State Retirement System now owns 49,400 shares of the energy company’s stock worth $1,406,000 after buying an additional 200 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Newfield Exploration by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the energy company’s stock worth $353,000 after buying an additional 200 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its position in Newfield Exploration by 3.2% in the second quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock worth $214,000 after buying an additional 230 shares in the last quarter. Institutional investors own 99.86% of the company’s stock.

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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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Earnings History and Estimates for Newfield Exploration (NYSE:NFX)

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