Newfield Exploration Co. (NFX) Given Average Recommendation of “Buy” by Brokerages
Newfield Exploration Co. (NYSE:NFX) has received a consensus recommendation of “Buy” from the twenty-five brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $39.37.
A number of research analysts recently issued reports on the company. Stifel Nicolaus set a $45.00 target price on Newfield Exploration and gave the company a “buy” rating in a report on Friday. Jefferies Group set a $35.00 target price on Newfield Exploration and gave the company a “buy” rating in a report on Friday, February 23rd. BMO Capital Markets reiterated a “market perform” rating and issued a $29.00 target price (down from $36.00) on shares of Newfield Exploration in a report on Friday, February 23rd. KLR Group upgraded Newfield Exploration from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Thursday, February 22nd. Finally, B. Riley set a $36.00 price target on Newfield Exploration and gave the stock a “buy” rating in a report on Thursday, February 22nd.
In other news, insider Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $31.75, for a total transaction of $381,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.54% of the stock is currently owned by insiders.
Newfield Exploration (NFX) traded up $0.61 during trading hours on Friday, reaching $23.96. The company had a trading volume of 3,770,954 shares, compared to its average volume of 4,150,000. The stock has a market capitalization of $4,780.00, a price-to-earnings ratio of 12.48, a PEG ratio of 0.60 and a beta of 1.56. Newfield Exploration has a 52-week low of $22.96 and a 52-week high of $37.61. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.89 and a current ratio of 0.91.
Newfield Exploration (NYSE:NFX) last released its earnings results on Tuesday, February 20th. The energy company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.11. The firm had revenue of $509.00 million during the quarter, compared to analyst estimates of $497.95 million. Newfield Exploration had a return on equity of 35.57% and a net margin of 24.17%. Newfield Exploration’s revenue was up 22.7% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. equities analysts anticipate that Newfield Exploration will post 2.95 earnings per share for the current fiscal year.
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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