Weekly Research Analysts’ Ratings Changes for Newfield Exploration (NFX)

Several brokerages have updated their recommendations and price targets on shares of Newfield Exploration (NYSE: NFX) in the last few weeks:

  • 2/5/2018 – Newfield Exploration is now covered by analysts at B. Riley. They set a “buy” rating and a $46.00 price target on the stock.
  • 1/31/2018 – Newfield Exploration was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Newfield Exploration is well positioned to benefit from its holding in the Anadarko Basin.  The company has substantial acres of land in the Oklahoma region, which gives it the financial flexibility and a sizeable acreage position in the region. This has helped the company to produce at higher-than-average levels. We appreciate the company’s measures to reduce cost related to core operations, especially in an unfavorable business scenario. However, the company has significant exposure to debt as its debt-to-capitalization ratio is 65.2%, much higher than 49.3% of the broader industry.  The company’s price chart has underperformed the broader indices over the last year.  On top of that, Newfield is primarily focused on the U.S. shale plays, with little exposure to China. Hence, less exposure to more profitable international oil resources is a drag.”
  • 1/24/2018 – Newfield Exploration had its price target raised by analysts at Morgan Stanley from $33.00 to $37.00. They now have an “equal weight” rating on the stock.
  • 1/23/2018 – Newfield Exploration was downgraded by analysts at KLR Group from a “buy” rating to a “hold” rating. They now have a $36.00 price target on the stock.
  • 1/18/2018 – Newfield Exploration was given a new $40.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 1/15/2018 – Newfield Exploration was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “Newfield Exploration is well positioned to benefit from its holding in the Anadarko Basin. The company has substantial acres of land in the Oklahoma region, which lends it financial flexibility and a sizeable acreage position in the region. This has helped the company achieve higher-than-average level of production. We appreciate the company’s measures to reduce cost related to core operations, especially in a volatile business scenario. Through the nine-month ended Sep 30, 2017, the company’s total operating expenses plunged almost 56%. Newfield has no current debt, while long-term debt fell significantly from the high mark attained at 2014-beginning. The pricing chart for the last six months looks impressive as the stock has rallied 29.1%, outperforming the industry’s 20.7% gain.”
  • 1/14/2018 – Newfield Exploration had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $36.00 price target on the stock.
  • 1/9/2018 – Newfield Exploration had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $48.00 price target on the stock.
  • 1/4/2018 – Newfield Exploration was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating. They now have a $46.00 price target on the stock.
  • 12/20/2017 – Newfield Exploration was given a new $40.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 12/19/2017 – Newfield Exploration was upgraded by analysts at Seaport Global Securities from a “sell” rating to a “neutral” rating.
  • 12/15/2017 – Newfield Exploration was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $37.00 price target on the stock.

Newfield Exploration Co. (NFX) opened at $25.98 on Monday. Newfield Exploration Co. has a 52 week low of $24.41 and a 52 week high of $43.74. 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 $5,186.10, a P/E ratio of 15.02, a PEG ratio of 0.53 and a beta of 1.35.

In related news, insider Lee K. Boothby sold 12,000 shares of the company’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 in the company, valued at $7,615,978.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 36,000 shares of company stock valued at $1,138,680 in the last ninety days. 0.54% of the stock is currently owned by insiders.

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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