Newfield Exploration Co. (NYSE:NFX) shares were down 2.5% during mid-day trading on Monday . The stock traded as low as $45.16 and last traded at $45.24, with a volume of 1,077,277 shares. The stock had previously closed at $46.40.

Several research analysts have recently issued reports on NFX shares. KLR Group cut Newfield Exploration from a “buy” rating to an “accumulate” rating and set a $42.00 price objective for the company. in a research report on Monday, May 16th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Newfield Exploration in a research report on Saturday, June 4th. Royal Bank Of Canada reissued a “buy” rating on shares of Newfield Exploration in a research report on Thursday, May 26th. Simmons reissued a “buy” rating and issued a $47.00 target price (up from $42.00) on shares of Newfield Exploration in a research report on Thursday, May 19th. Finally, Credit Suisse Group AG reissued a “buy” rating and issued a $43.00 target price on shares of Newfield Exploration in a research report on Thursday, May 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Newfield Exploration currently has an average rating of “Buy” and an average price target of $46.07.

The firm has a 50-day moving average of $44.54 and a 200-day moving average of $37.26. The company’s market capitalization is $8.86 billion.

Newfield Exploration (NYSE:NFX) last issued its quarterly earnings data on Tuesday, August 2nd. The energy company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.24. The business had revenue of $381 million for the quarter, compared to analyst estimates of $379.74 million. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The business’s quarterly revenue was down 18.8% on a year-over-year basis. On average, analysts forecast that Newfield Exploration Co. will post $0.78 EPS for the current fiscal year.

In other news, VP John H. Jasek sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $40.93, for a total transaction of $1,023,250.00. Following the completion of the transaction, the vice president now directly owns 105,149 shares in the company, valued at $4,303,748.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lee K. Boothby sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $40.95, for a total value of $2,047,500.00. Following the transaction, the chief executive officer now owns 298,596 shares of the company’s stock, valued at $12,227,506.20. The disclosure for this sale can be found here.

Several institutional investors have modified their holdings of the company. US Bancorp DE increased 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 valued at $2,485,000 after buying an additional 9,593 shares in the last quarter. KBC Group NV increased 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 valued at $2,979,000 after buying an additional 11,450 shares in the last quarter. Finally, I.G. Investment Management LTD. increased its position 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 valued at $10,665,000 after buying an additional 77,114 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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