Newfield Exploration (NYSE:NFX) was upgraded by analysts at Seaport Global Securities from a “sell” rating to a “neutral” rating in a note issued to investors on Tuesday, The Fly reports.
A number of other analysts have also weighed in on the stock. Jefferies Group set a $40.00 price objective on shares of Newfield Exploration and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Morgan Stanley raised their price target on shares of Newfield Exploration from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Barclays raised their price target on shares of Newfield Exploration from $22.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 11th. Royal Bank of Canada restated a “buy” rating and set a $39.00 price target on shares of Newfield Exploration in a research report on Tuesday, November 7th. Finally, BMO Capital Markets set a $34.00 price target on shares of Newfield Exploration and gave the company a “buy” rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $37.86.
Shares of Newfield Exploration (NYSE:NFX) opened at $28.74 on Tuesday. The firm has a market cap of $5,551.40, a price-to-earnings ratio of 13.84, a PEG ratio of 1.14 and a beta of 1.44. Newfield Exploration has a 52 week low of $24.41 and a 52 week high of $45.21. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.87.
In other Newfield Exploration news, insider Lee K. Boothby sold 12,000 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $29.10, for a total transaction of $349,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Juanita F. Romans sold 3,500 shares of the stock in a transaction 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 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 ninety days, insiders have sold 39,500 shares of company stock worth $1,210,270. Insiders own 0.54% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its holdings in Newfield Exploration by 8.5% during the second quarter. Pacer Advisors Inc. now owns 4,059 shares of the energy company’s stock valued at $116,000 after purchasing an additional 319 shares in the last quarter. Dupont Capital Management Corp purchased a new position in Newfield Exploration during the second quarter valued at $131,000. Riverhead Capital Management LLC lifted its holdings in Newfield Exploration by 17.1% during the second quarter. Riverhead Capital Management LLC now owns 6,922 shares of the energy company’s stock valued at $197,000 after purchasing an additional 1,013 shares in the last quarter. Vident Investment Advisory LLC purchased a new position in Newfield Exploration during the third quarter valued at $212,000. Finally, Thrivent Financial For Lutherans lifted its holdings in Newfield Exploration by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock valued at $214,000 after purchasing an additional 230 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.
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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.
