Shares of Newfield Exploration Co. (NYSE:NFX) gapped up prior to trading 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 traded.

Several analysts have commented on NFX shares. KLR Group lowered shares of Newfield Exploration from a “buy” rating to an “accumulate” rating and set a $42.00 price objective on the stock. in a research report on Monday, May 16th. Simmons reaffirmed a “buy” rating and issued a $47.00 price objective (up previously from $42.00) on shares of Newfield Exploration in a research report on Thursday, May 19th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Newfield Exploration in a research report on Sunday, May 22nd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Newfield Exploration in a research report on Thursday, May 26th. Finally, Deutsche Bank AG lifted their price objective on shares of Newfield Exploration from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Newfield Exploration presently has an average rating of “Buy” and an average price target of $46.67.

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

Newfield Exploration (NYSE:NFX) last released its quarterly earnings data 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. The company had revenue of $381 million for the quarter, compared to the consensus estimate of $379.74 million. During the same quarter in the previous year, the business earned $0.46 EPS. The company’s quarterly revenue was down 18.8% on a year-over-year basis. Equities research analysts predict that Newfield Exploration Co. will post $0.78 earnings per share for the current fiscal year.

In related news, Director Juanita F. Romans sold 2,015 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 36,810 shares of the company’s stock, valued at $1,694,732.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Pamela J. Gardner sold 10,685 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $46.22, for a total transaction of $493,860.70. Following the completion of the transaction, the director now directly owns 43,749 shares of the company’s stock, valued at $2,022,078.78. The disclosure for this sale can be found here.

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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