Analysts expect Newfield Exploration Co. (NYSE:NFX) to report $0.62 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Newfield Exploration’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.95. Newfield Exploration posted earnings per share of $0.49 in the same quarter last year, which would indicate a positive year-over-year growth rate of 26.5%. The business is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, February 20th.
According to Zacks, analysts expect that Newfield Exploration will report full-year earnings of $2.14 per share for the current fiscal year, with EPS estimates ranging from $1.99 to $2.47. For the next financial year, analysts anticipate that the company will report earnings of $2.67 per share, with EPS estimates ranging from $1.29 to $5.29. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Newfield Exploration.
Newfield Exploration (NYSE:NFX) last posted its earnings results on Tuesday, October 31st. The energy company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. The firm had revenue of $439.00 million during 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 company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS.
Newfield Exploration (NFX) opened at $33.92 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $6,770.00, a P/E ratio of 19.61, a PEG ratio of 1.07 and a beta of 1.45. Newfield Exploration has a 52-week low of $24.41 and a 52-week high of $43.74.
In other news, CEO Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $31.84, for a total transaction of $382,080.00. Following the transaction, the chief executive officer now owns 223,235 shares in the company, valued at $7,107,802.40. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 transaction, the director now owns 39,034 shares in the company, valued at approximately $1,171,800.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,500 shares of company stock worth $1,243,150. Insiders own 0.54% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Newfield Exploration by 3.3% during the second quarter. Vanguard Group Inc. now owns 23,677,528 shares of the energy company’s stock valued at $673,862,000 after buying an additional 760,793 shares during the period. BlackRock Inc. increased its stake in shares of Newfield Exploration by 0.4% during the second quarter. BlackRock Inc. now owns 13,843,741 shares of the energy company’s stock valued at $393,993,000 after buying an additional 55,230 shares during the period. State Street Corp increased its stake in shares of Newfield Exploration by 5.6% during the second quarter. State Street Corp now owns 12,109,780 shares of the energy company’s stock valued at $344,646,000 after buying an additional 638,807 shares during the period. FMR LLC increased its stake in shares of Newfield Exploration by 9.9% during the second quarter. FMR LLC now owns 10,459,662 shares of the energy company’s stock valued at $297,683,000 after buying an additional 938,740 shares during the period. Finally, Boston Partners increased its stake in shares of Newfield Exploration by 0.9% during the third quarter. Boston Partners now owns 5,627,037 shares of the energy company’s stock valued at $166,954,000 after buying an additional 51,835 shares during the period. Hedge funds and other institutional investors own 99.71% 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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