Newfield Exploration Company (NYSE:NFX) shares dropped 3.7% on Tuesday . The company traded as low as $29.77 and last traded at $32.09. Approximately 3,122,100 shares traded hands during trading, an increase of 4% from the average daily volume of 2,994,308 shares. The stock had previously closed at $33.31.

NFX has been the topic of a number of research reports. Barclays PLC reaffirmed an “equal weight” rating and set a $22.00 price target (down from $23.00) on shares of Newfield Exploration in a research note on Wednesday, August 9th. Williams Capital set a $45.00 price target on Newfield Exploration and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $39.00 price target on shares of Newfield Exploration in a research note on Thursday, October 12th. Zacks Investment Research raised Newfield Exploration from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Stifel Nicolaus set a $37.00 price target on Newfield Exploration and gave the stock a “buy” rating in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Newfield Exploration presently has a consensus rating of “Buy” and an average target price of $38.96.

The firm has a market cap of $5,952.63, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 1.25 and a beta of 1.47. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.17.

Newfield Exploration (NYSE:NFX) last announced its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.09. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The business had revenue of $439.00 million during the quarter, compared to analyst estimates of $419.75 million. During the same period in the prior year, the company earned $0.45 earnings per share. Newfield Exploration’s revenue was up 12.0% compared to the same quarter last year. analysts anticipate that Newfield Exploration Company will post 2.06 EPS for the current fiscal year.

In other Newfield Exploration news, CEO Lee K. Boothby sold 12,000 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $31.70, for a total transaction of $380,400.00. Following the completion of the transaction, the chief executive officer now directly owns 255,322 shares of the company’s stock, valued at $8,093,707.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Juanita F. Romans sold 3,500 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $30.02, for a total value of $105,070.00. Following the transaction, the director now directly owns 39,034 shares of the company’s stock, valued at $1,171,800.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,500 shares of company stock valued at $1,148,830. 0.54% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. grew its holdings in Newfield Exploration by 8.5% during the second quarter. Pacer Advisors Inc. now owns 4,059 shares of the energy company’s stock valued at $116,000 after purchasing an additional 319 shares during the period. Dupont Capital Management Corp purchased a new stake in shares of Newfield Exploration during the second quarter worth $131,000. Riverhead Capital Management LLC lifted its position in shares of Newfield Exploration by 17.1% during the second quarter. Riverhead Capital Management LLC now owns 6,922 shares of the energy company’s stock worth $197,000 after acquiring an additional 1,013 shares in the last quarter. Vident Investment Advisory LLC purchased a new stake in shares of Newfield Exploration during the third quarter worth $212,000. Finally, Thrivent Financial For Lutherans lifted its position in shares of Newfield Exploration by 5.5% during the first quarter. Thrivent Financial For Lutherans now owns 7,300 shares of the energy company’s stock worth $269,000 after acquiring an additional 380 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

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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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