Newfield Exploration Co. (NYSE:NFX) – Equities researchers at Piper Jaffray Companies dropped their Q4 2018 earnings per share estimates for shares of Newfield Exploration in a research report issued to clients and investors on Wednesday, January 9th. Piper Jaffray Companies analyst R. Todd now anticipates that the energy company will post earnings of $0.75 per share for the quarter, down from their prior estimate of $0.78. Piper Jaffray Companies has a “Overweight” rating on the stock.

Several other research analysts have also commented on NFX. Morgan Stanley boosted their price objective on shares of Newfield Exploration from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Wednesday, September 26th. ValuEngine lowered shares of Newfield Exploration from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Zacks Investment Research upgraded shares of Newfield Exploration from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday, October 18th. SunTrust Banks cut their price target on shares of Newfield Exploration from $30.00 to $23.00 and set a “hold” rating on the stock in a research note on Monday, October 29th. Finally, Williams Capital restated a “buy” rating and set a $44.00 price target on shares of Newfield Exploration in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $31.94.

NYSE NFX opened at $17.55 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.72 and a quick ratio of 0.70. The company has a market cap of $3.41 billion, a P/E ratio of 8.16, a PEG ratio of 0.32 and a beta of 1.65. Newfield Exploration has a 52 week low of $12.45 and a 52 week high of $35.12.

Newfield Exploration (NYSE:NFX) last posted its quarterly earnings data on Wednesday, October 31st. The energy company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.86 by $0.15. The firm had revenue of $711.00 million during the quarter, compared to analyst estimates of $661.27 million. Newfield Exploration had a net margin of 21.14% and a return on equity of 43.65%. Newfield Exploration’s revenue was up 62.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 EPS.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Newfield Exploration by 2.1% in the third quarter. Vanguard Group Inc. now owns 22,202,400 shares of the energy company’s stock worth $640,096,000 after acquiring an additional 458,863 shares during the period. Vanguard Group Inc increased its stake in shares of Newfield Exploration by 2.1% in the third quarter. Vanguard Group Inc now owns 22,202,400 shares of the energy company’s stock worth $640,096,000 after acquiring an additional 458,863 shares during the period. LSV Asset Management increased its stake in shares of Newfield Exploration by 10.0% in the third quarter. LSV Asset Management now owns 6,123,641 shares of the energy company’s stock worth $176,544,000 after acquiring an additional 554,266 shares during the period. Schroder Investment Management Group increased its stake in shares of Newfield Exploration by 20.5% in the second quarter. Schroder Investment Management Group now owns 2,601,454 shares of the energy company’s stock worth $78,824,000 after acquiring an additional 442,324 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Newfield Exploration by 10.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,508,298 shares of the energy company’s stock worth $72,318,000 after acquiring an additional 232,555 shares during the period. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Newfield Exploration Company Profile

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.

Featured Story: Investing strategies using the yield curve

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

Receive News & Ratings for Newfield Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newfield Exploration and related companies with MarketBeat.com's FREE daily email newsletter.