Shares of Newfield Exploration Co. (NYSE:NFX) gapped up before the market opened on Friday . The stock had previously closed at $43.89, but opened at $44.12. Newfield Exploration shares last traded at $44.97, with a volume of 1,012,326 shares.

A number of analysts have issued reports on the stock. Credit Suisse Group AG reissued a “buy” rating and issued a $43.00 price objective on shares of Newfield Exploration in a report on Thursday, May 5th. Barclays PLC reissued a “buy” rating on shares of Newfield Exploration in a report on Sunday, June 26th. Cantor Fitzgerald reissued a “buy” rating on shares of Newfield Exploration in a report on Sunday, May 22nd. Wunderlich boosted their price objective on shares of Newfield Exploration from $42.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, May 5th. Finally, Imperial Capital boosted their price objective on shares of Newfield Exploration from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Newfield Exploration currently has a consensus rating of “Buy” and an average target price of $46.67.

The company’s market cap is $8.84 billion. The stock has a 50-day moving average of $44.69 and a 200 day moving average of $38.28.

Newfield Exploration (NYSE:NFX) last announced its earnings results on Tuesday, August 2nd. The energy company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.24. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The company had revenue of $381 million for the quarter, compared to the consensus estimate of $379.74 million. The company’s revenue for the quarter was down 18.8% compared to the same quarter last year. On average, equities research analysts predict that Newfield Exploration Co. will post $0.78 EPS for the current year.

In other news, Director Juanita F. Romans sold 2,015 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $46.04, for a total value of $92,770.60. Following the completion of the sale, the director now directly owns 36,810 shares in the company, valued at approximately $1,694,732.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Matthew R. Vezza sold 4,600 shares of the business’s stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $43.17, for a total transaction of $198,582.00. Following the completion of the sale, the vice president now owns 41,306 shares of the company’s stock, valued at $1,783,180.02. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Newfield Exploration stock. KBC Group NV raised its position in Newfield Exploration Co. (NYSE:NFX) by 14.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,483 shares of the energy company’s stock after buying an additional 11,450 shares during the period. KBC Group NV owned about 0.06% of Newfield Exploration worth $2,979,000 at the end of the most recent 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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