Shares of Newfield Exploration Co. (NYSE:NFX) were down 4.6% during trading on Monday . The company traded as low as $41.25 and last traded at $41.31, with a volume of 1,462,747 shares changing hands. The stock had previously closed at $43.30.

A number of analysts recently commented on NFX shares. Deutsche Bank AG reiterated a “buy” rating on shares of Newfield Exploration in a research report on Wednesday, April 6th. Wunderlich started coverage on Newfield Exploration in a research report on Wednesday, April 27th. They set a “buy” rating and a $42.00 price objective for the company. Topeka Capital Markets upped their price objective on Newfield Exploration from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, May 4th. Cantor Fitzgerald reiterated a “buy” rating on shares of Newfield Exploration in a research report on Wednesday, May 4th. Finally, Citigroup Inc. upped their price target on Newfield Exploration from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $44.14.

The company’s market cap is $8.49 billion. The stock’s 50-day moving average price is $42.83 and its 200 day moving average price is $35.33.

Newfield Exploration (NYSE:NFX) last posted its quarterly earnings data on Tuesday, August 2nd. The energy company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.24. The company had revenue of $381 million for the quarter, compared to analysts’ expectations of $379.74 million. During the same period in the prior year, the company posted $0.46 EPS. The firm’s revenue was down 18.8% compared to the same quarter last year. Analysts anticipate that Newfield Exploration Co. will post $0.57 earnings per share for the current fiscal year.

In other news, CEO Lee K. Boothby sold 50,000 shares of the company’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $40.95, for a total transaction of $2,047,500.00. Following the sale, the chief executive officer now owns 298,596 shares of the company’s stock, valued at $12,227,506.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stephen C. Campbell sold 25,606 shares of the company’s stock in a transaction on Friday, May 6th. The stock was sold at an average price of $37.63, for a total value of $963,553.78. Following the sale, the vice president now directly owns 68,042 shares in the company, valued at approximately $2,560,420.46. The disclosure for this sale can be found here.

A number of institutional investors have bought and sold shares of NFX. Vanguard Group Inc. raised its position in Newfield Exploration by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 13,750,032 shares of the energy company’s stock valued at $447,702,000 after buying an additional 355,289 shares during the period. New York State Common Retirement Fund raised its position in Newfield Exploration by 0.7% in the fourth quarter. New York State Common Retirement Fund now owns 425,837 shares of the energy company’s stock valued at $13,865,000 after buying an additional 3,000 shares during the period. Marshall Wace LLP raised its position in Newfield Exploration by 50.9% in the fourth quarter. Marshall Wace LLP now owns 412,951 shares of the energy company’s stock valued at $13,446,000 after buying an additional 139,234 shares during the period. I.G. Investment Management LTD. raised its position in 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 valued at $10,665,000 after buying an additional 77,114 shares during the period. Finally, Guinness Asset Management Ltd raised its position in Newfield Exploration by 6.3% in the fourth quarter. Guinness Asset Management Ltd now owns 240,575 shares of the energy company’s stock valued at $7,833,000 after buying an additional 14,275 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.