Newfield Exploration (NYSE:NFX) was downgraded by analysts at Wolfe Research from an “outperform” rating to a “market perform” rating in a report released on Tuesday, The Fly reports.

A number of other equities analysts have also commented on NFX. Barclays reissued an “equal weight” rating and issued a $22.00 price target (down previously from $23.00) on shares of Newfield Exploration in a research report on Wednesday, August 9th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $36.00 target price (down previously from $40.00) on shares of Newfield Exploration in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Newfield Exploration from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub lowered shares of Newfield Exploration from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, Stifel Nicolaus set a $37.00 target price on shares of Newfield Exploration and gave the company a “buy” rating in a research note on Friday, August 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $39.05.

Newfield Exploration (NFX) traded down $0.48 during mid-day trading on Tuesday, hitting $31.40. 1,945,800 shares of the company traded hands, compared to its average volume of 2,932,645. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.17. The firm has a market capitalization of $6,363.85, a PE ratio of 15.86, a P/E/G ratio of 1.31 and a beta of 1.44. Newfield Exploration has a twelve month low of $24.41 and a twelve month high of $50.00.

Newfield Exploration (NYSE:NFX) last posted its earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.09. The firm had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $419.75 million. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. analysts predict that Newfield Exploration will post 2.1 EPS for the current fiscal year.

In other Newfield Exploration news, insider Lee K. Boothby sold 12,000 shares of the firm’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Juanita F. Romans sold 3,500 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $30.02, for a total value of $105,070.00. Following the sale, the director now directly owns 39,034 shares of the company’s stock, valued at approximately $1,171,800.68. The disclosure for this sale can be found here. Insiders have sold a total of 27,500 shares of company stock valued at $834,670 in the last ninety days. Insiders own 0.54% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. increased its position in Newfield Exploration by 8.5% during the 2nd quarter. Pacer Advisors Inc. now owns 4,059 shares of the energy company’s stock worth $116,000 after buying an additional 319 shares during the period. Dupont Capital Management Corp bought a new position in shares of Newfield Exploration in the second quarter worth $131,000. Tiedemann Wealth Management LLC increased its position in shares of Newfield Exploration by 36.0% in the third quarter. Tiedemann Wealth Management LLC now owns 28,966 shares of the energy company’s stock worth $148,000 after purchasing an additional 7,664 shares during the period. Riverhead Capital Management LLC increased its position in shares of Newfield Exploration by 17.1% in the second quarter. Riverhead Capital Management LLC now owns 6,922 shares of the energy company’s stock worth $197,000 after purchasing an additional 1,013 shares during the period. Finally, Koch Industries Inc. bought a new position in shares of Newfield Exploration in the second quarter worth $209,000. 99.83% of the stock is owned by institutional investors and hedge funds.

WARNING: “Newfield Exploration (NFX) Stock Rating Lowered by Wolfe Research” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/12/05/newfield-exploration-nfx-stock-rating-lowered-by-wolfe-research.html.

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.

The Fly

Analyst Recommendations for Newfield Exploration (NYSE:NFX)

Receive News & Ratings for Newfield Exploration Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newfield Exploration Company and related companies with MarketBeat.com's FREE daily email newsletter.