Newfield Exploration (NYSE:NFX) was upgraded by investment analysts at Seaport Global Securities from a “sell” rating to a “neutral” rating in a research note issued to investors on Tuesday. Seaport Global Securities also issued estimates for Newfield Exploration’s Q4 2017 earnings at $0.58 EPS and FY2017 earnings at $2.10 EPS.

Several other research firms have also issued reports on NFX. Royal Bank of Canada reaffirmed a “buy” rating and issued a $39.00 target price on shares of Newfield Exploration in a report on Tuesday, November 7th. TheStreet raised Newfield Exploration from a “d+” rating to a “c-” rating in a report on Monday, November 6th. Zacks Investment Research lowered Newfield Exploration from a “buy” rating to a “hold” rating in a report on Friday, November 10th. KeyCorp reaffirmed a “hold” rating on shares of Newfield Exploration in a report on Monday, November 13th. Finally, Wolfe Research lowered Newfield Exploration from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the stock. Newfield Exploration presently has an average rating of “Buy” and a consensus target price of $37.90.

Shares of Newfield Exploration (NYSE NFX) opened at $30.43 on Tuesday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.17. The company has a market capitalization of $6,070.00, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 1.22 and a beta of 1.44. Newfield Exploration has a twelve month low of $24.41 and a twelve month high of $44.21.

Newfield Exploration (NYSE:NFX) last released its earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.09. The company had revenue of $439.00 million during the quarter, compared to analyst estimates of $419.75 million. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. Newfield Exploration’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. sell-side analysts predict that Newfield Exploration will post 2.11 earnings per share for the current fiscal year.

In other Newfield Exploration news, Director Juanita F. Romans sold 3,500 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $30.02, for a total transaction of $105,070.00. Following the sale, the director now owns 39,034 shares in the company, valued at $1,171,800.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lee K. Boothby sold 12,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $31.30, for a total value of $375,600.00. Following the sale, the insider now owns 243,322 shares in the company, valued at approximately $7,615,978.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,500 shares of company stock worth $1,210,270. Company insiders own 0.54% of the company’s stock.

Large investors have recently bought and sold shares of the business. Pacer Advisors Inc. raised its position in shares of Newfield Exploration by 8.5% in the second quarter. Pacer Advisors Inc. now owns 4,059 shares of the energy company’s stock worth $116,000 after buying an additional 319 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Newfield Exploration in the second quarter worth $131,000. Tiedemann Wealth Management LLC raised its position in shares of Newfield Exploration by 36.0% in the third quarter. Tiedemann Wealth Management LLC now owns 28,966 shares of the energy company’s stock worth $148,000 after buying an additional 7,664 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of Newfield Exploration by 17.1% in the second quarter. Riverhead Capital Management LLC now owns 6,922 shares of the energy company’s stock worth $197,000 after buying an additional 1,013 shares in the last quarter. Finally, Koch Industries Inc. purchased a new stake in shares of Newfield Exploration in the second quarter worth $209,000. Hedge funds and other institutional investors own 99.71% 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.

Analyst Recommendations for Newfield Exploration (NYSE:NFX)

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