Newfield Exploration (NYSE:NFX) had its price target trimmed by Morgan Stanley from $23.00 to $20.00 in a report published on Tuesday morning, MarketBeat Ratings reports. The firm currently has a hold rating on the energy company’s stock.

Several other research analysts have also recently commented on the stock. Edward Jones cut shares of Newfield Exploration to a hold rating in a report on Friday, November 2nd. ValuEngine cut shares of Newfield Exploration from a sell rating to a strong sell rating in a report on Tuesday, October 2nd. SunTrust Banks reduced their target price on shares of Newfield Exploration from $30.00 to $23.00 and set a hold rating for the company in a report on Monday, October 29th. Citigroup cut shares of Newfield Exploration from a buy rating to a neutral rating and reduced their target price for the stock from $36.00 to $24.00 in a report on Friday, November 2nd. Finally, Susquehanna Bancshares restated a neutral rating on shares of Newfield Exploration in a report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $35.65.

Newfield Exploration stock opened at $17.68 on Tuesday. The company has a market capitalization of $3.87 billion, a PE ratio of 8.22, a P/E/G ratio of 0.45 and a beta of 1.65. Newfield Exploration has a twelve month low of $17.61 and a twelve month high of $35.20. The company has a quick ratio of 0.70, a current ratio of 0.72 and a debt-to-equity ratio of 1.30.

Newfield Exploration (NYSE:NFX) last released its quarterly earnings results on Wednesday, October 31st. The energy company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.15. The company had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $661.27 million. Newfield Exploration had a net margin of 21.14% and a return on equity of 43.65%. The business’s quarterly revenue was up 62.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share. As a group, equities research analysts predict that Newfield Exploration will post 3.59 EPS for the current fiscal year.

In other Newfield Exploration news, insider Lee K. Boothby sold 16,161 shares of the stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $29.25, for a total value of $472,709.25. Following the completion of the sale, the insider now owns 194,420 shares in the company, valued at $5,686,785. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.59% of the company’s stock.

A number of hedge funds have recently made changes to their positions in NFX. Principal Financial Group Inc. lifted its stake in Newfield Exploration by 5.5% in the first quarter. Principal Financial Group Inc. now owns 308,756 shares of the energy company’s stock valued at $7,540,000 after acquiring an additional 15,965 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Newfield Exploration by 7.1% in the second quarter. Nisa Investment Advisors LLC now owns 61,270 shares of the energy company’s stock valued at $1,853,000 after purchasing an additional 4,070 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of Newfield Exploration by 126.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,660 shares of the energy company’s stock valued at $353,000 after purchasing an additional 6,510 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Newfield Exploration by 11.6% in the second quarter. Janney Montgomery Scott LLC now owns 17,639 shares of the energy company’s stock valued at $534,000 after purchasing an additional 1,835 shares during the period. Finally, Intact Investment Management Inc. raised its position in shares of Newfield Exploration by 90.2% in the second quarter. Intact Investment Management Inc. now owns 15,600 shares of the energy company’s stock valued at $472,000 after purchasing an additional 7,400 shares during the period.

About Newfield Exploration

Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company has operations principally in the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota, and the Uinta Basin of Utah.

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Analyst Recommendations for Newfield Exploration (NYSE:NFX)

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