Credit Suisse Group began coverage on shares of Newfield Exploration (NYSE:NFX) in a report released on Monday, MarketBeat reports. The brokerage issued a neutral rating and a $30.00 price target on the energy company’s stock.

Other research analysts also recently issued reports about the company. Zacks Investment Research raised Newfield Exploration from a hold rating to a buy rating and set a $32.00 price target on the stock in a research note on Thursday, October 26th. Jefferies Group set a $40.00 price target on Newfield Exploration and gave the stock a buy rating in a research note on Tuesday, August 29th. Royal Bank of Canada set a $42.00 price target on Newfield Exploration and gave the stock a buy rating in a research note on Thursday, August 24th. Stifel Nicolaus set a $37.00 price target on Newfield Exploration and gave the stock a buy rating in a research note on Friday, August 18th. Finally, BMO Capital Markets set a $34.00 price target on Newfield Exploration and gave the stock a buy rating in a research note on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $37.81.

Newfield Exploration (NYSE:NFX) opened at $28.63 on Monday. Newfield Exploration has a 52 week low of $24.41 and a 52 week high of $45.53. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.17. The firm has a market capitalization of $6,033.48, a P/E ratio of 15.04, a P/E/G ratio of 1.24 and a beta of 1.44.

Newfield Exploration (NYSE:NFX) last posted its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $419.75 million. During the same period in the prior year, the business earned $0.45 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. analysts anticipate that Newfield Exploration will post 2.1 earnings per share for the current year.

In other news, CEO Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $31.70, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Juanita F. Romans sold 3,500 shares of the company’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 value 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 $1,171,800.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,500 shares of company stock valued at $1,210,270. 0.54% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Schroder Investment Management Group grew its holdings in shares of Newfield Exploration by 67.3% in the second quarter. Schroder Investment Management Group now owns 1,236,114 shares of the energy company’s stock valued at $35,353,000 after acquiring an additional 497,431 shares in the last quarter. Atlantic Trust Group LLC grew its stake in shares of Newfield Exploration by 22.8% during the second quarter. Atlantic Trust Group LLC now owns 253,908 shares of the energy company’s stock valued at $7,226,000 after buying an additional 47,194 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Newfield Exploration by 21.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,229 shares of the energy company’s stock valued at $1,458,000 after buying an additional 8,972 shares during the last quarter. 361 Capital LLC grew its stake in shares of Newfield Exploration by 15.6% during the second quarter. 361 Capital LLC now owns 183,420 shares of the energy company’s stock valued at $5,220,000 after buying an additional 24,812 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Newfield Exploration by 106.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 144,732 shares of the energy company’s stock valued at $4,119,000 after buying an additional 74,768 shares during the last quarter. 99.83% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Newfield Exploration (NYSE:NFX)

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