Newfield Exploration Co. (NYSE:NFX) gapped down prior to trading on Monday . The stock had previously closed at $43.89, but opened at $44.12. Newfield Exploration shares last traded at $44.90, with a volume of 2,268,600 shares traded.

Several equities research analysts have recently weighed in on NFX shares. Williams Capital started coverage on shares of Newfield Exploration in a research report on Monday, August 29th. They issued a “buy” rating and a $58.00 price target for the company. Canaccord Genuity started coverage on shares of Newfield Exploration in a research report on Wednesday, June 29th. They issued a “buy” rating and a $48.00 price target for the company. Simmons upped their price target on shares of Newfield Exploration from $50.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 6th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $44.00 price target on shares of Newfield Exploration in a research report on Wednesday, June 22nd. Finally, Stifel Nicolaus upped their price target on shares of Newfield Exploration from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, June 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $46.67.

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

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

In related news, VP Matthew R. Vezza sold 4,600 shares of the company’s stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $43.17, for a total value of $198,582.00. Following the completion of the sale, the vice president now owns 41,306 shares in the company, valued at approximately $1,783,180.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Pamela J. Gardner sold 10,685 shares of the company’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 sale, the director now owns 43,749 shares of the company’s stock, valued at approximately $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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