Newfield Exploration Co. (NYSE:NFX) – Analysts at SunTrust Banks lowered their FY2017 earnings per share (EPS) estimates for shares of Newfield Exploration in a note issued to investors on Tuesday. SunTrust Banks analyst N. Dingmann now expects that the energy company will post earnings of $2.10 per share for the year, down from their prior estimate of $2.12. SunTrust Banks has a “Buy” rating and a $37.00 price objective on the stock. SunTrust Banks also issued estimates for Newfield Exploration’s Q4 2017 earnings at $0.58 EPS and FY2020 earnings at $4.23 EPS.

Newfield Exploration (NYSE:NFX) last announced its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.52 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $419.75 million. During the same period last year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year.

Several other research analysts have also recently weighed in on the company. Jefferies Group set a $40.00 price target on Newfield Exploration and gave the company a “buy” rating in a research report on Wednesday, December 20th. Seaport Global Securities upgraded Newfield Exploration from a “sell” rating to a “neutral” rating in a research report on Tuesday, December 19th. JPMorgan Chase & Co. cut Newfield Exploration from an “overweight” rating to a “neutral” rating and set a $37.00 price target for the company. in a research report on Friday, December 15th. Credit Suisse Group began coverage on Newfield Exploration in a research report on Monday, December 11th. They set a “neutral” rating and a $30.00 price target for the company. Finally, Wolfe Research cut Newfield Exploration from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $37.90.

Newfield Exploration (NYSE:NFX) opened at $33.10 on Thursday. 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 stock has a market capitalization of $6,567.46, a PE ratio of 19.13, a PEG ratio of 1.06 and a beta of 1.45. Newfield Exploration has a 12 month low of $24.41 and a 12 month high of $43.74.

In other Newfield Exploration news, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 243,322 shares of the company’s stock, valued at $7,615,978.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Juanita F. Romans sold 3,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 39,034 shares in the company, valued at $1,171,800.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,500 shares of company stock worth $861,070. 0.54% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Pacer Advisors Inc. boosted its stake in shares of Newfield Exploration by 8.5% in the second quarter. Pacer Advisors Inc. now owns 4,059 shares of the energy company’s stock worth $116,000 after acquiring an additional 319 shares during the last quarter. Riverhead Capital Management LLC boosted its stake 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 acquiring an additional 1,013 shares during the last quarter. Vident Investment Advisory LLC acquired a new stake in shares of Newfield Exploration in the third quarter worth approximately $212,000. Thrivent Financial For Lutherans boosted its stake in shares of 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 acquiring an additional 230 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of Newfield Exploration by 43.0% in the second quarter. Neuberger Berman Group LLC now owns 8,243 shares of the energy company’s stock worth $235,000 after acquiring an additional 2,480 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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Newfield Exploration Company Profile

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.

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

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