Newfield Exploration Company (NYSE:NFX) insider Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $31.30, for a total value of $375,600.00. Following the sale, the insider now owns 243,322 shares in the company, valued at approximately $7,615,978.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Newfield Exploration Company (NYSE NFX) traded down $0.84 during trading hours on Tuesday, reaching $30.56. The company had a trading volume of 1,968,000 shares, compared to its average volume of 2,928,522. The stock has a market cap of $6,140.00, a P/E ratio of 15.86, a PEG ratio of 1.31 and a beta of 1.44. 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 Company has a 12-month low of $24.41 and a 12-month high of $50.00.
Newfield Exploration (NYSE:NFX) last released its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. The firm had revenue of $439.00 million for the quarter, compared to the consensus estimate of $419.75 million. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. equities research analysts predict that Newfield Exploration Company will post 2.1 EPS for the current fiscal year.
A number of research analysts have recently commented on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $39.00 price objective on shares of Newfield Exploration in a report on Tuesday, November 7th. TheStreet upgraded Newfield Exploration from a “d+” rating to a “c-” rating in a report on Monday, November 6th. Zacks Investment Research downgraded Newfield Exploration from a “buy” rating to a “hold” rating in a report on Friday, November 10th. KeyCorp reiterated a “hold” rating on shares of Newfield Exploration in a report on Monday, November 13th. Finally, Wolfe Research downgraded Newfield Exploration from an “outperform” rating to a “market perform” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the stock. Newfield Exploration currently has a consensus rating of “Buy” and an average target price of $39.05.
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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