Newfield Exploration Company (NYSE:NFX) – Investment analysts at KeyCorp boosted their FY2017 earnings per share (EPS) estimates for Newfield Exploration in a note issued to investors on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the energy company will earn $2.20 per share for the year, up from their previous forecast of $2.11. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Newfield Exploration’s Q4 2017 earnings at $0.68 EPS, Q1 2019 earnings at $0.67 EPS, Q2 2019 earnings at $0.67 EPS, Q3 2019 earnings at $0.73 EPS and FY2019 earnings at $2.80 EPS.

NFX has been the topic of a number of other reports. Williams Capital set a $46.00 price objective on shares of Newfield Exploration and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Royal Bank of Canada reissued a “buy” rating and issued a $39.00 price objective on shares of Newfield Exploration in a research report on Tuesday, November 7th. Morgan Stanley increased their price objective on shares of Newfield Exploration from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Barclays increased their price objective on shares of Newfield Exploration from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 11th. Finally, Jefferies Group reissued a “buy” rating and issued a $39.00 price objective on shares of Newfield Exploration in a research report on Thursday, October 12th. Two equities research analysts have 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 “Hold” and a consensus target price of $37.86.

Newfield Exploration (NYSE NFX) opened at $27.81 on Thursday. 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 has a 1-year low of $24.41 and a 1-year high of $45.53. The company has a market cap of $5,720.00, a PE ratio of 14.46, a P/E/G ratio of 1.19 and a beta of 1.44.

Newfield Exploration (NYSE:NFX) last announced its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.09. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $419.75 million. During the same quarter last year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year.

In other news, Director Juanita F. Romans sold 3,500 shares of Newfield Exploration stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $30.02, for a total transaction of $105,070.00. Following the completion of the sale, the director now directly owns 39,034 shares in the company, valued at $1,171,800.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $29.10, for a total transaction of $349,200.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,500 shares of company stock valued at $1,210,270. 0.54% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of NFX. CIBC Asset Management Inc lifted its position in Newfield Exploration by 0.4% during the second quarter. CIBC Asset Management Inc now owns 17,727 shares of the energy company’s stock valued at $505,000 after purchasing an additional 70 shares during the period. Utah Retirement Systems lifted its position in Newfield Exploration by 0.3% during the second quarter. Utah Retirement Systems now owns 36,416 shares of the energy company’s stock valued at $1,037,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System lifted its position in Newfield Exploration by 0.4% during the second quarter. Arizona State Retirement System now owns 49,400 shares of the energy company’s stock valued at $1,406,000 after purchasing an additional 200 shares during the period. Louisiana State Employees Retirement System lifted its position in Newfield Exploration by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the energy company’s stock valued at $353,000 after purchasing an additional 200 shares during the period. Finally, Thrivent Financial For Lutherans lifted its position in Newfield Exploration by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock valued at $214,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

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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.

Earnings History and Estimates for Newfield Exploration (NYSE:NFX)

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