Newfield Exploration Co. (NYSE:NFX) – Research analysts at Piper Jaffray Companies reduced their Q1 2019 EPS estimates for Newfield Exploration in a report issued on Wednesday, January 9th. Piper Jaffray Companies analyst R. Todd now anticipates that the energy company will earn $0.50 per share for the quarter, down from their prior estimate of $0.96. Piper Jaffray Companies currently has a “Overweight” rating on the stock. Piper Jaffray Companies also issued estimates for Newfield Exploration’s Q2 2019 earnings at $0.48 EPS, Q3 2019 earnings at $0.55 EPS, Q4 2019 earnings at $0.65 EPS, FY2019 earnings at $2.18 EPS, Q1 2020 earnings at $0.69 EPS, Q2 2020 earnings at $0.62 EPS, Q3 2020 earnings at $0.68 EPS, Q4 2020 earnings at $0.80 EPS and FY2020 earnings at $2.79 EPS.

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

Several other research firms have also commented on NFX. Edward Jones lowered Newfield Exploration to a “hold” rating in a research report on Friday, November 2nd. ValuEngine lowered Newfield Exploration from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. Capital One Financial lowered Newfield Exploration from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. SunTrust Banks lowered their price objective on Newfield Exploration from $30.00 to $23.00 and set a “hold” rating on the stock in a research report on Monday, October 29th. Finally, Morgan Stanley set a $31.00 target price on Newfield Exploration and gave the company a “hold” rating in a research report on Friday, October 12th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have given a buy rating to the stock. Newfield Exploration has an average rating of “Hold” and a consensus target price of $31.94.

Newfield Exploration stock opened at $17.55 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.70 and a current ratio of 0.72. Newfield Exploration has a 12 month low of $12.45 and a 12 month high of $35.12. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 8.16, a P/E/G ratio of 0.32 and a beta of 1.65.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Csenge Advisory Group acquired a new position in Newfield Exploration in the 3rd quarter valued at $112,000. Rehmann Capital Advisory Group raised its stake in Newfield Exploration by 435.4% in the 3rd quarter. Rehmann Capital Advisory Group now owns 7,003 shares of the energy company’s stock valued at $202,000 after purchasing an additional 5,695 shares during the last quarter. Algert Global LLC acquired a new position in Newfield Exploration in the 3rd quarter valued at $208,000. Piedmont Investment Advisors Inc. raised its stake in Newfield Exploration by 215.8% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 7,298 shares of the energy company’s stock valued at $210,000 after purchasing an additional 4,987 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its stake in Newfield Exploration by 588.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 55,219 shares of the energy company’s stock valued at $228,000 after purchasing an additional 47,198 shares during the last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.

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

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