Newfield Exploration Co. (NYSE:NFX) traded down 4.7% during trading on Monday . The company traded as low as $42.02 and last traded at $42.34, with a volume of 1,246,205 shares trading hands. The stock had previously closed at $44.43.

A number of equities research analysts have recently commented on the stock. Imperial Capital upped their target price on shares of Newfield Exploration from $42.00 to $53.00 and gave the company an “outperform” rating in a report on Thursday, June 30th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Newfield Exploration in a report on Monday, July 4th. Zacks Investment Research raised shares of Newfield Exploration from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Tuesday, July 5th. Nomura reissued a “buy” rating and set a $47.00 price target (up from $43.00) on shares of Newfield Exploration in a report on Tuesday, July 5th. Finally, Royal Bank Of Canada increased their price target on shares of Newfield Exploration from $45.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $43.93.

The firm’s market cap is $8.38 billion. The company’s 50-day moving average price is $42.46 and its 200 day moving average price is $34.58.

Newfield Exploration (NYSE:NFX) last posted its earnings results on Tuesday, May 3rd. The energy company reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. The firm earned $284 million during the quarter, compared to the consensus estimate of $342.91 million. During the same period in the previous year, the company posted $0.02 EPS. The firm’s revenue for the quarter was down 18.6% compared to the same quarter last year. On average, analysts forecast that Newfield Exploration Co. will post $0.53 earnings per share for the current year.

In related news, Director Roger B. Plank acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, May 18th. The shares were purchased at an average price of $39.22 per share, with a total value of $39,220.00. Following the acquisition, the director now directly owns 22,063 shares in the company, valued at $865,310.86. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Matthew R. Vezza sold 4,600 shares of the stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $43.17, for a total transaction of $198,582.00. Following the sale, the vice president now directly owns 41,306 shares in the company, valued at approximately $1,783,180.02. The disclosure for this sale can be found here.

Other large investors recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Newfield Exploration by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 13,750,032 shares of the energy company’s stock worth $447,702,000 after buying an additional 355,289 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Newfield Exploration by 50.9% in the fourth quarter. Marshall Wace LLP now owns 412,951 shares of the energy company’s stock worth $13,446,000 after buying an additional 139,234 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of Newfield Exploration by 13.2% in the fourth quarter. OppenheimerFunds Inc. now owns 800,449 shares of the energy company’s stock worth $26,060,000 after buying an additional 93,338 shares in the last quarter. I.G. Investment Management LTD. raised its stake in shares of Newfield Exploration by 30.8% in the fourth quarter. I.G. Investment Management LTD. now owns 327,563 shares of the energy company’s stock worth $10,665,000 after buying an additional 77,114 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Newfield Exploration by 9.1% in the fourth quarter. California Public Employees Retirement System now owns 523,332 shares of the energy company’s stock worth $17,040,000 after buying an additional 43,600 shares in the last quarter.

Newfield Exploration Company is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids (NGLs). The Company’s operations are focused primarily on large scale, onshore liquids-rich resource plays in the United States. Its segments are the United States and China.

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