Newfield Exploration (NYSE:NFX) – Research analysts at KeyCorp raised their Q1 2018 earnings per share estimates for Newfield Exploration in a research report issued on Sunday, April 22nd. KeyCorp analyst D. Deckelbaum now anticipates that the energy company will post earnings of $0.66 per share for the quarter, up from their previous estimate of $0.65. KeyCorp also issued estimates for Newfield Exploration’s FY2018 earnings at $2.86 EPS, Q1 2019 earnings at $0.88 EPS, Q2 2019 earnings at $0.90 EPS, Q3 2019 earnings at $0.97 EPS, Q4 2019 earnings at $1.01 EPS and FY2019 earnings at $3.70 EPS.
Other analysts have also recently issued research reports about the company. 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 report on Tuesday, January 23rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $29.00 price target (down previously from $36.00) on shares of Newfield Exploration in a report on Friday, February 23rd. Jefferies Group set a $35.00 price target on Newfield Exploration and gave the company a “buy” rating in a report on Friday, February 23rd. Zacks Investment Research cut Newfield Exploration from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Piper Jaffray reaffirmed a “buy” rating and issued a $48.00 price target on shares of Newfield Exploration in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $37.22.
NYSE:NFX opened at $28.42 on Wednesday. Newfield Exploration has a twelve month low of $22.72 and a twelve month high of $37.00. The stock has a market capitalization of $5,666.13, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 0.76 and a beta of 1.53. 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 issued its quarterly earnings data on Tuesday, February 20th. The energy company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. Newfield Exploration had a return on equity of 35.57% and a net margin of 24.17%. The business had revenue of $509.00 million for the quarter, compared to analysts’ expectations of $497.95 million. During the same quarter in the prior year, the firm posted $0.49 EPS. The firm’s quarterly revenue was up 22.7% on a year-over-year basis.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. HBK Investments L P raised its holdings in shares of Newfield Exploration by 11.9% during the 4th quarter. HBK Investments L P now owns 18,131 shares of the energy company’s stock valued at $572,000 after buying an additional 1,932 shares in the last quarter. Amalgamated Bank grew its position in Newfield Exploration by 5.3% during the 4th quarter. Amalgamated Bank now owns 41,413 shares of the energy company’s stock worth $1,306,000 after acquiring an additional 2,095 shares during the last quarter. Stifel Financial Corp grew its position in Newfield Exploration by 6.6% during the 3rd quarter. Stifel Financial Corp now owns 41,739 shares of the energy company’s stock worth $1,239,000 after acquiring an additional 2,589 shares during the last quarter. Swiss National Bank grew its position in Newfield Exploration by 0.4% during the 4th quarter. Swiss National Bank now owns 734,900 shares of the energy company’s stock worth $23,171,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Ashburton Jersey Ltd grew its position in Newfield Exploration by 4.4% during the 4th quarter. Ashburton Jersey Ltd now owns 72,850 shares of the energy company’s stock worth $2,297,000 after acquiring an additional 3,100 shares during the last quarter. 99.82% of the stock is currently owned by institutional investors.
In related news, insider Lee K. Boothby sold 12,000 shares of the firm’s 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas G. Ricks acquired 8,250 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were purchased at an average cost of $23.78 per share, for a total transaction of $196,185.00. Following the completion of the acquisition, the director now owns 66,447 shares in the company, valued at approximately $1,580,109.66. The disclosure for this purchase can be found here. Company insiders own 0.59% of the company’s stock.
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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