B. Riley Begins Coverage on Newfield Exploration (NFX)
B. Riley assumed coverage on shares of Newfield Exploration (NYSE:NFX) in a research report released on Monday. The firm issued a buy rating and a $46.00 price objective on the energy company’s stock.
Several other equities research analysts have also recently weighed in on NFX. Zacks Investment Research cut Newfield Exploration from a strong-buy rating to a hold rating in a research report on Wednesday, January 31st. Morgan Stanley upped their price target on Newfield Exploration from $33.00 to $37.00 and gave the company an equal weight rating in a research report on Wednesday, January 24th. KLR Group cut Newfield Exploration from a buy rating to a hold rating and set a $36.00 price target on the stock. in a research report on Tuesday, January 23rd. Williams Capital set a $46.00 price target on Newfield Exploration and gave the company a buy rating in a research report on Wednesday, November 1st. Finally, BMO Capital Markets set a $34.00 price target on Newfield Exploration and gave the company a hold rating in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of Buy and an average price target of $39.48.
Shares of Newfield Exploration (NFX) opened at $29.41 on Monday. Newfield Exploration has a 52-week low of $24.41 and a 52-week high of $43.74. The firm has a market capitalization of $6,060.43, a PE ratio of 17.00, a PEG ratio of 0.64 and a beta of 1.35. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Essex Investment Management Co. LLC boosted its stake in Newfield Exploration by 145.4% in the fourth quarter. Essex Investment Management Co. LLC now owns 39,024 shares of the energy company’s stock worth $1,230,000 after buying an additional 23,123 shares in the last quarter. AT Bancorp purchased a new stake in Newfield Exploration in the fourth quarter worth approximately $835,000. American Century Companies Inc. purchased a new stake in Newfield Exploration in the fourth quarter worth approximately $3,572,000. Gabelli Funds LLC boosted its stake in Newfield Exploration by 27.0% in the fourth quarter. Gabelli Funds LLC now owns 65,000 shares of the energy company’s stock worth $2,049,000 after buying an additional 13,800 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Newfield Exploration by 47.0% in the fourth quarter. US Bancorp DE now owns 46,199 shares of the energy company’s stock worth $1,457,000 after buying an additional 14,773 shares in the last quarter. 99.53% 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.
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