Newfield Exploration Co. (NFX) Expected to Announce Earnings of $0.60 Per Share

Wall Street brokerages predict that Newfield Exploration Co. (NYSE:NFX) will report earnings of $0.60 per share for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Newfield Exploration’s earnings, with estimates ranging from $0.42 to $0.85. Newfield Exploration posted earnings of $0.49 per share in the same quarter last year, which suggests a positive year over year growth rate of 22.4%. The firm is expected to report 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 $2.12 per share for the current financial year, with EPS estimates ranging from $1.94 to $2.37. For the next fiscal year, analysts expect that the business will report earnings of $2.97 per share, with EPS estimates ranging from $2.05 to $4.78. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Newfield Exploration.

Several research firms recently weighed in on NFX. B. Riley began coverage on Newfield Exploration in a report on Monday. They set a “buy” rating and a $46.00 price target for the company. Zacks Investment Research cut Newfield Exploration from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 31st. Morgan Stanley lifted their price target on Newfield Exploration from $33.00 to $37.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. KLR Group cut Newfield Exploration from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a report on Tuesday, January 23rd. Finally, Cowen set a $40.00 price target on Newfield Exploration and gave the stock a “buy” rating in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $39.48.

In other Newfield Exploration news, CEO Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $31.84, for a total value of $382,080.00. Following the completion of the transaction, the chief executive officer now directly owns 223,235 shares of the company’s stock, valued at approximately $7,107,802.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 36,000 shares of company stock valued at $1,138,680 over the last ninety days. Insiders own 0.54% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Tiedemann Wealth Management LLC raised its holdings in shares of Newfield Exploration by 36.0% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 28,966 shares of the energy company’s stock worth $148,000 after buying an additional 7,664 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of Newfield Exploration during the 2nd quarter worth $209,000. Vident Investment Advisory LLC acquired a new position in shares of Newfield Exploration during the 3rd quarter worth $212,000. Thrivent Financial For Lutherans raised its holdings in shares of Newfield Exploration by 3.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock worth $214,000 after buying an additional 230 shares in the last quarter. Finally, MAI Capital Management acquired a new position in shares of Newfield Exploration during the 4th quarter worth $240,000. 99.53% of the stock is owned by institutional investors.

Shares of Newfield Exploration (NYSE:NFX) opened at $26.07 on Friday. The firm has a market capitalization of $5,695.13, a P/E ratio of 15.07, a P/E/G ratio of 0.58 and a beta of 1.35. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.17. Newfield Exploration has a fifty-two week low of $24.41 and a fifty-two week high of $43.74.

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

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