Equities research analysts expect Newfield Exploration Company (NYSE:NFX) to announce sales of $480.66 million for the current quarter, according to Zacks. Eight analysts have provided estimates for Newfield Exploration’s earnings. The highest sales estimate is $511.40 million and the lowest is $407.10 million. Newfield Exploration posted sales of $415.00 million in the same quarter last year, which suggests a positive year over year growth rate of 15.8%. The business is expected to issue its next quarterly earnings results on Tuesday, February 20th.

On average, analysts expect that Newfield Exploration will report full year sales of $480.66 million for the current financial year, with estimates ranging from $1.64 billion to $1.81 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.12 billion per share, with estimates ranging from $1.55 billion to $2.48 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Newfield Exploration.

Newfield Exploration (NYSE:NFX) last issued its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. The business had revenue of $439.00 million during the quarter, compared to analyst estimates of $419.75 million. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. Newfield Exploration’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share.

A number of brokerages have issued reports on NFX. Jefferies Group set a $40.00 price objective on shares of Newfield Exploration and gave the company a “buy” rating in a research note on Tuesday, August 29th. Royal Bank Of Canada set a $42.00 price objective on shares of Newfield Exploration and gave the company a “buy” rating in a research note on Thursday, August 24th. Stifel Nicolaus set a $37.00 price objective on shares of Newfield Exploration and gave the company a “buy” rating in a research note on Friday, August 18th. BMO Capital Markets set a $34.00 price objective on shares of Newfield Exploration and gave the company a “buy” rating in a research note on Tuesday, October 10th. Finally, Zacks Investment Research raised shares of Newfield Exploration from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $39.05.

Shares of Newfield Exploration (NYSE:NFX) opened at $31.88 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.87. The firm has a market cap of $6,363.85, a P/E ratio of 15.86, a P/E/G ratio of 1.31 and a beta of 1.44. Newfield Exploration has a fifty-two week low of $24.41 and a fifty-two week high of $50.00.

In other news, Director Juanita F. Romans sold 3,500 shares of Newfield Exploration stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $30.02, for a total transaction of $105,070.00. Following the transaction, the director now directly owns 39,034 shares of the company’s stock, valued at $1,171,800.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction on 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. Over the last three months, insiders have sold 27,500 shares of company stock worth $834,670. Insiders own 0.54% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CIBC Asset Management Inc lifted its position in Newfield Exploration by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 17,727 shares of the energy company’s stock valued at $505,000 after acquiring an additional 70 shares in the last quarter. Utah Retirement Systems lifted its position in Newfield Exploration by 0.3% in the 2nd quarter. Utah Retirement Systems now owns 36,416 shares of the energy company’s stock valued at $1,037,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System lifted its position in Newfield Exploration by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 49,400 shares of the energy company’s stock valued at $1,406,000 after acquiring an additional 200 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Newfield Exploration by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the energy company’s stock valued at $353,000 after acquiring an additional 200 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its position in Newfield Exploration by 3.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock valued at $214,000 after acquiring an additional 230 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

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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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