Shares of Newfield Exploration Co. (NYSE:NFX) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $47.00 and last traded at $46.97, with a volume of 1,514,505 shares traded. The stock had previously closed at $45.37.

NFX has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Newfield Exploration in a report on Thursday, May 26th. KLR Group cut shares of Newfield Exploration from a “buy” rating to an “accumulate” rating and set a $42.00 target price on the stock. in a report on Monday, May 16th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $44.00 target price on shares of Newfield Exploration in a report on Wednesday, June 22nd. Wunderlich raised their target price on shares of Newfield Exploration from $59.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Finally, Nomura reaffirmed a “buy” rating and issued a $47.00 target price (up previously from $43.00) on shares of Newfield Exploration in a report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $46.07.

The stock has a 50 day moving average price of $43.74 and a 200 day moving average price of $36.08. The stock’s market capitalization is $9.27 billion.

Newfield Exploration (NYSE:NFX) last issued its earnings results on Tuesday, August 2nd. The energy company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.24. During the same period in the previous year, the company earned $0.46 earnings per share. The firm earned $381 million during the quarter, compared to analyst estimates of $379.74 million. The business’s revenue for the quarter was down 18.8% on a year-over-year basis. On average, equities analysts expect that Newfield Exploration Co. will post $0.76 earnings per share for the current fiscal year.

In other Newfield Exploration news, CAO George W. Fairchild, Jr. sold 8,200 shares of the company’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $40.04, for a total value of $328,328.00. Following the transaction, the chief accounting officer now directly owns 37,084 shares of the company’s stock, valued at approximately $1,484,843.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Roger B. Plank acquired 1,000 shares of the stock in a transaction dated Wednesday, May 18th. The shares were bought at an average cost of $39.22 per share, for a total transaction of $39,220.00. Following the acquisition, the director now owns 22,063 shares in the company, valued at approximately $865,310.86. The disclosure for this purchase can be found here.

Several hedge funds and institutional investors recently modified their holdings of the stock. Aberdeen Asset Management PLC UK raised its position in shares of Newfield Exploration by 23.2% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 28,192 shares of the energy company’s stock worth $1,104,000 after buying an additional 5,300 shares in the last quarter. Comerica Bank raised its position in shares of Newfield Exploration by 1.7% in the fourth quarter. Comerica Bank now owns 57,249 shares of the energy company’s stock worth $1,675,000 after buying an additional 976 shares in the last quarter. US Bancorp DE raised its position in shares of Newfield Exploration by 14.4% in the fourth quarter. US Bancorp DE now owns 76,345 shares of the energy company’s stock worth $2,485,000 after buying an additional 9,593 shares in the last quarter. KBC Group NV raised its position in shares of Newfield Exploration by 14.3% in the fourth quarter. KBC Group NV now owns 91,483 shares of the energy company’s stock worth $2,979,000 after buying an additional 11,450 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its position in shares of Newfield Exploration by 28.5% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 96,082 shares of the energy company’s stock worth $3,129,000 after buying an additional 21,329 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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