FY2018 Earnings Estimate for Newfield Exploration Company Issued By KeyCorp (NYSE:NFX)
Newfield Exploration Company (NYSE:NFX) – Analysts at KeyCorp boosted their FY2018 earnings per share estimates for shares of Newfield Exploration in a research note issued on Tuesday. KeyCorp analyst D. Deckelbaum now anticipates that the energy company will post earnings of $1.77 per share for the year, up from their prior estimate of $1.64.
Newfield Exploration (NYSE:NFX) last issued its quarterly earnings data on Tuesday, August 1st. The energy company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by $0.01. The company had revenue of $402 million during the quarter, compared to analysts’ expectations of $413.70 million. Newfield Exploration had a return on equity of 33.17% and a net margin of 18.82%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share.
A number of other analysts have also recently commented on the company. Williams Capital reissued a “buy” rating and issued a $56.00 price target on shares of Newfield Exploration in a research report on Wednesday, May 3rd. Credit Suisse Group reissued an “outperform” rating and issued a $47.00 price target on shares of Newfield Exploration in a research report on Friday, June 2nd. J P Morgan Chase & Co reissued an “overweight” rating and issued a $42.00 price target (down from $48.00) on shares of Newfield Exploration in a research report on Monday, June 5th. Stifel Nicolaus reissued a “buy” rating and issued a $48.00 price target on shares of Newfield Exploration in a research report on Friday, May 26th. Finally, KLR Group raised Newfield Exploration from a “hold” rating to a “buy” rating and boosted their price target for the stock from $41.00 to $42.00 in a research report on Monday, May 8th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $44.32.
Shares of Newfield Exploration (NYSE:NFX) traded up 5.50% during mid-day trading on Friday, hitting $27.83. The stock had a trading volume of 2,823,443 shares. The firm has a market cap of $5.50 billion, a PE ratio of 18.05 and a beta of 1.48. Newfield Exploration has a 52-week low of $25.46 and a 52-week high of $50.00. The stock’s 50-day moving average price is $27.84 and its 200-day moving average price is $34.15.
A number of hedge funds have recently bought and sold shares of the company. Global X Management Co. LLC raised its stake in Newfield Exploration by 30.5% in the first quarter. Global X Management Co. LLC now owns 3,311 shares of the energy company’s stock worth $122,000 after buying an additional 774 shares during the period. Dupont Capital Management Corp purchased a new stake in Newfield Exploration during the second quarter worth $131,000. Pacer Advisors Inc. raised its stake in Newfield Exploration by 3.3% in the first quarter. Pacer Advisors Inc. now owns 3,740 shares of the energy company’s stock worth $138,000 after buying an additional 121 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in Newfield Exploration during the first quarter worth $175,000. Finally, Mn Services Vermogensbeheer B.V. raised its stake in Newfield Exploration by 6.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,316 shares of the energy company’s stock worth $183,000 after buying an additional 310 shares during the period. 99.12% of the stock is currently owned by institutional investors.
Newfield Exploration Company Profile
Newfield Exploration Company is an independent exploration and production company. It is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. Its operating segments are the United States and China. Its the United States operations are onshore and focus primarily on large scale, liquids resource plays.
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