KLR Group upgraded shares of Newfield Exploration (NYSE:NFX) from a hold rating to a buy rating in a report published on Thursday morning, MarketBeat.com reports. The firm currently has $38.00 price objective on the energy company’s stock.
Several other equities analysts have also commented on NFX. Zacks Investment Research upgraded shares of Newfield Exploration from a hold rating to a buy rating and set a $32.00 price target for the company in a research report on Thursday, October 26th. Williams Capital set a $46.00 price objective on shares of Newfield Exploration and gave the stock a buy rating in a report on Wednesday, November 1st. SunTrust Banks set a $37.00 price objective on shares of Newfield Exploration and gave the stock a buy rating in a report on Tuesday, October 31st. Scotiabank reaffirmed a buy rating and issued a $38.00 price objective on shares of Newfield Exploration in a report on Wednesday, November 1st. Finally, Barclays upped their price objective on shares of Newfield Exploration from $25.00 to $27.00 and gave the stock an equal weight rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company. Newfield Exploration has an average rating of Buy and an average price target of $38.27.
Newfield Exploration (NYSE:NFX) opened at $24.66 on Thursday. The company has a market cap of $4,925.14, a PE ratio of 11.58, a PEG ratio of 0.62 and a beta of 1.35. The company has a current ratio of 0.91, a quick ratio of 1.15 and a debt-to-equity ratio of 1.73. Newfield Exploration has a 12-month low of $22.96 and a 12-month high of $37.89.
Newfield Exploration (NYSE:NFX) last released its quarterly earnings results on Tuesday, February 20th. The energy company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.60 by $0.11. The business had revenue of $509.00 million during the quarter, compared to analyst estimates of $497.95 million. Newfield Exploration had a net margin of 24.17% and a return on equity of 35.57%. The company’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. research analysts expect that Newfield Exploration will post 3 EPS for the current fiscal year.
In other Newfield Exploration news, CEO Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $31.84, for a total value of $382,080.00. Following the completion of the sale, the chief executive officer now directly owns 223,235 shares of the company’s stock, valued at approximately $7,107,802.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 36,000 shares of company stock valued at $1,138,680 over the last three months. 0.54% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its holdings in Newfield Exploration by 6.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 143,655 shares of the energy company’s stock valued at $4,529,000 after acquiring an additional 8,680 shares during the last quarter. Ashburton Jersey Ltd lifted its holdings in Newfield Exploration by 4.4% in the 4th quarter. Ashburton Jersey Ltd now owns 72,850 shares of the energy company’s stock valued at $2,297,000 after acquiring an additional 3,100 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in Newfield Exploration by 70.7% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,900 shares of the energy company’s stock valued at $312,000 after acquiring an additional 4,100 shares during the last quarter. Segall Bryant & Hamill LLC lifted its holdings in Newfield Exploration by 7.6% in the 4th quarter. Segall Bryant & Hamill LLC now owns 258,471 shares of the energy company’s stock valued at $8,150,000 after acquiring an additional 18,278 shares during the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in Newfield Exploration in the 4th quarter valued at about $1,943,000. 99.82% 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.
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