Wolfe Research lowered shares of Newfield Exploration (NYSE:NFX) from an outperform rating to a market perform rating in a report released on Tuesday, The Fly reports.

Several other brokerages also recently weighed in on NFX. Royal Bank Of Canada reaffirmed a buy rating and issued a $39.00 target price on shares of Newfield Exploration in a report on Tuesday, November 7th. TheStreet raised shares of Newfield Exploration from a d+ rating to a c- rating in a report on Monday, November 6th. Zacks Investment Research downgraded shares of Newfield Exploration from a buy rating to a hold rating in a report on Friday, November 10th. KeyCorp reaffirmed a hold rating on shares of Newfield Exploration in a report on Monday, November 13th. Finally, SunTrust Banks set a $37.00 target price on shares of Newfield Exploration and gave the company a buy rating in a report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $38.62.

Shares of Newfield Exploration (NYSE:NFX) traded up $0.54 during trading hours on Tuesday, hitting $29.39. 2,780,000 shares of the stock traded hands, compared to its average volume of 2,000,244. The stock has a market capitalization of $5,761.00, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 1.19 and a beta of 1.44. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87. Newfield Exploration has a 1-year low of $24.41 and a 1-year high of $50.00.

Newfield Exploration (NYSE:NFX) last issued its earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.09. The business had revenue of $439.00 million for the quarter, compared to the consensus estimate of $419.75 million. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. sell-side analysts forecast that Newfield Exploration will post 2.1 earnings per share for the current fiscal year.

In other news, insider Lee K. Boothby sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $29.10, for a total value of $349,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Juanita F. Romans sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $30.02, for a total transaction of $105,070.00. Following the completion of the transaction, the director now directly owns 39,034 shares of the company’s stock, valued at approximately $1,171,800.68. The disclosure for this sale can be found here. In the last three months, insiders sold 39,500 shares of company stock valued at $1,210,270. Company insiders own 0.54% of the company’s stock.

Large investors have recently bought and sold shares of the company. CIBC Asset Management Inc grew its holdings in Newfield Exploration by 0.4% in the second quarter. CIBC Asset Management Inc now owns 17,727 shares of the energy company’s stock valued at $505,000 after purchasing an additional 70 shares during the period. Utah Retirement Systems grew its stake in Newfield Exploration by 0.3% during the second quarter. Utah Retirement Systems now owns 36,416 shares of the energy company’s stock worth $1,037,000 after buying an additional 100 shares during the period. Arizona State Retirement System grew its stake in Newfield Exploration by 0.4% during the second quarter. Arizona State Retirement System now owns 49,400 shares of the energy company’s stock worth $1,406,000 after buying an additional 200 shares during the period. Louisiana State Employees Retirement System grew its stake in Newfield Exploration by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the energy company’s stock worth $353,000 after buying an additional 200 shares during the period. Finally, Thrivent Financial For Lutherans grew its stake in Newfield Exploration by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock worth $214,000 after buying an additional 230 shares during the period. 99.83% of the stock is owned by institutional investors and hedge funds.

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About Newfield Exploration

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.

The Fly

Analyst Recommendations for Newfield Exploration (NYSE:NFX)

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