Newfield Exploration Co. (NYSE:NFX)’s share price reached a new 52-week high during 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 changing hands. The stock had previously closed at $45.37.

Several equities research analysts recently issued reports on NFX shares. Nomura reaffirmed a “buy” rating and issued a $47.00 price objective (up previously from $43.00) on shares of Newfield Exploration in a research note on Tuesday, July 5th. Simmons lifted their price objective on shares of Newfield Exploration from $50.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, July 6th. Royal Bank Of Canada lifted their price objective on shares of Newfield Exploration from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, July 11th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Newfield Exploration in a research note on Wednesday, August 3rd. Finally, Barclays PLC lifted their price objective on shares of Newfield Exploration from $28.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, June 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $46.07.

The firm has a 50 day moving average of $43.97 and a 200 day moving average of $36.32. The stock’s market cap is $9.23 billion.

Newfield Exploration (NYSE:NFX) last posted its earnings results on Tuesday, August 2nd. The energy company reported $0.32 earnings per share (EPS) 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 analyst estimates of $379.74 million. The business’s quarterly revenue was down 18.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. Equities analysts predict that Newfield Exploration Co. will post $0.76 EPS for the current fiscal year.

In related news, Director Roger B. Plank bought 1,000 shares of the business’s stock in a transaction dated Wednesday, May 18th. The stock was bought at an average price of $39.22 per share, for a total transaction of $39,220.00. Following the purchase, the director now owns 22,063 shares in the company, valued at approximately $865,310.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Juanita F. Romans sold 2,015 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $46.04, for a total transaction of $92,770.60. Following the sale, the director now owns 36,810 shares of the company’s stock, valued at approximately $1,694,732.40. The disclosure for this sale can be found here.

Other hedge funds recently bought and sold shares of the company. KBC Group NV boosted its stake in 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. I.G. Investment Management LTD. boosted its stake 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 worth $10,665,000 after buying an additional 77,114 shares in the last quarter. US Bancorp DE boosted its stake in 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. Aberdeen Asset Management PLC UK boosted its stake in 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. Finally, Bank of Montreal Can boosted its stake in Newfield Exploration by 5.0% in the fourth quarter. Bank of Montreal Can now owns 123,023 shares of the energy company’s stock worth $4,006,000 after buying an additional 5,832 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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