KeyCorp reissued their hold rating on shares of Newfield Exploration Company (NYSE:NFX) in a report released on Monday morning.

A number of other research firms also recently commented on NFX. BidaskClub upgraded Newfield Exploration from a strong sell rating to a sell rating in a research report on Monday, July 31st. Barclays PLC reiterated an equal weight rating and issued a $22.00 target price (down from $23.00) on shares of Newfield Exploration in a research report on Wednesday, August 9th. Zacks Investment Research downgraded Newfield Exploration from a buy rating to a hold rating in a research report on Friday, November 10th. J P Morgan Chase & Co reiterated an overweight rating and issued a $36.00 target price (down from $40.00) on shares of Newfield Exploration in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $39.00 target price on shares of Newfield Exploration in a research report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $38.96.

Newfield Exploration (NYSE:NFX) opened at $29.44 on Monday. Newfield Exploration has a 52-week low of $24.41 and a 52-week high of $50.00. The company has a market capitalization of $5,900.00, a PE ratio of 14.84, a PEG ratio of 1.25 and a beta of 1.47. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.17 and a quick ratio of 1.15.

Newfield Exploration (NYSE:NFX) last announced its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.09. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The business had revenue of $439.00 million for the quarter, compared to the consensus estimate of $419.75 million. During the same period in the previous year, the business earned $0.45 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. sell-side analysts predict that Newfield Exploration will post 2.06 EPS for the current fiscal year.

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In related news, Director Juanita F. Romans sold 3,500 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $30.02, for a total value of $105,070.00. Following the transaction, the director now owns 39,034 shares of the company’s stock, valued at $1,171,800.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Lee K. Boothby sold 12,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $31.70, for a total value of $380,400.00. Following the completion of the transaction, the chief executive officer now directly owns 255,322 shares in the company, valued at approximately $8,093,707.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,500 shares of company stock worth $1,148,830. Insiders own 0.54% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Schroder Investment Management Group grew its stake in Newfield Exploration by 67.3% in the second quarter. Schroder Investment Management Group now owns 1,236,114 shares of the energy company’s stock worth $35,353,000 after purchasing an additional 497,431 shares in the last quarter. Atlantic Trust Group LLC grew its stake in Newfield Exploration by 22.8% in the second quarter. Atlantic Trust Group LLC now owns 253,908 shares of the energy company’s stock worth $7,226,000 after purchasing an additional 47,194 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Newfield Exploration by 21.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,229 shares of the energy company’s stock worth $1,458,000 after purchasing an additional 8,972 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Newfield Exploration by 106.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 144,732 shares of the energy company’s stock worth $4,119,000 after purchasing an additional 74,768 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Newfield Exploration by 3.3% in the second quarter. Vanguard Group Inc. now owns 23,677,528 shares of the energy company’s stock worth $673,862,000 after purchasing an additional 760,793 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Newfield Exploration (NYSE:NFX)

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