Newfield Exploration Co. (NYSE:NFX) – KeyCorp dropped their Q1 2019 earnings estimates for shares of Newfield Exploration in a report released on Sunday. KeyCorp analyst D. Deckelbaum now expects that the energy company will post earnings per share of $0.66 for the quarter, down from their prior estimate of $0.67. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Newfield Exploration’s Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.72 EPS, Q4 2019 earnings at $0.73 EPS and FY2019 earnings at $2.77 EPS.
Newfield Exploration (NYSE:NFX) last issued its earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.09. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. The firm had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $419.75 million. During the same quarter last year, the company posted $0.45 earnings per share. Newfield Exploration’s revenue was up 12.0% on a year-over-year basis.
Shares of Newfield Exploration (NFX) traded down $0.28 during midday trading on Tuesday, reaching $33.86. 1,893,867 shares of the company’s stock were exchanged, compared to its average volume of 2,544,493. 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 has a 1 year low of $24.41 and a 1 year high of $43.74. The company has a market capitalization of $6,760.00, a PE ratio of 19.57, a P/E/G ratio of 0.71 and a beta of 1.45.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cerebellum GP LLC acquired a new position in shares of Newfield Exploration during the fourth quarter valued at approximately $1,707,000. Hennessy Advisors Inc. acquired a new position in shares of Newfield Exploration during the fourth quarter valued at approximately $406,000. CENTRAL TRUST Co increased its stake in shares of Newfield Exploration by 51.2% during the fourth quarter. CENTRAL TRUST Co now owns 9,171 shares of the energy company’s stock valued at $289,000 after acquiring an additional 3,104 shares during the period. Reinhart Partners Inc. grew its position in Newfield Exploration by 1.8% in the fourth quarter. Reinhart Partners Inc. now owns 759,808 shares of the energy company’s stock worth $23,957,000 after buying an additional 13,195 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in Newfield Exploration by 51.6% in the fourth quarter. State of Alaska Department of Revenue now owns 36,770 shares of the energy company’s stock worth $1,159,000 after buying an additional 12,510 shares during the last quarter. Institutional investors and hedge funds own 99.68% of the company’s stock.
In related news, 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 transaction of $105,070.00. Following the transaction, the director now owns 39,034 shares in the company, valued at $1,171,800.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $31.30, for a total transaction of $375,600.00. Following the transaction, the insider now owns 243,322 shares in the company, valued at approximately $7,615,978.60. The disclosure for this sale can be found here. Insiders have sold 39,500 shares of company stock worth $1,243,150 in the last quarter. Company insiders own 0.54% of the company’s stock.
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.
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