Newfield Exploration Co. (NYSE:NFX) – Analysts at Jefferies Group upped their Q1 2017 earnings per share estimates for shares of Newfield Exploration in a research report issued on Tuesday. Jefferies Group analyst M. Hsu now expects that the energy company will earn $0.33 per share for the quarter, up from their previous forecast of $0.31. Jefferies Group has a “Buy” rating and a $53.00 price objective on the stock. Jefferies Group also issued estimates for Newfield Exploration’s FY2017 earnings at $1.52 EPS.

Newfield Exploration (NYSE:NFX) last announced its quarterly earnings results on Tuesday, February 21st. The energy company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.12. Newfield Exploration had a negative net margin of 134.32% and a positive return on equity of 12.41%. The firm earned $415 million during the quarter, compared to analysts’ expectations of $397.74 million. During the same period in the prior year, the company posted ($4.06) EPS. The company’s revenue was up 14.6% on a year-over-year basis.

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

A number of other research analysts also recently issued reports on NFX. Canaccord Genuity set a $50.00 price objective on shares of Newfield Exploration and gave the company a “buy” rating in a research report on Saturday, February 11th. Stifel Nicolaus reissued a “buy” rating and set a $48.00 price objective on shares of Newfield Exploration in a research report on Wednesday, April 12th. Bank of America Corp downgraded shares of Newfield Exploration from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 4th. Zacks Investment Research raised shares of Newfield Exploration from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Thursday, January 5th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $56.00 price objective on shares of Newfield Exploration in a research report on Tuesday, January 3rd. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Newfield Exploration currently has a consensus rating of “Buy” and an average target price of $50.12.

Newfield Exploration (NYSE:NFX) opened at 34.90 on Thursday. The firm’s market capitalization is $6.89 billion. The firm has a 50-day moving average of $35.44 and a 200 day moving average of $40.28. Newfield Exploration has a 12 month low of $33.00 and a 12 month high of $50.00.

A number of institutional investors have recently bought and sold shares of NFX. Geneva Advisors LLC boosted its position in Newfield Exploration by 0.5% in the third quarter. Geneva Advisors LLC now owns 27,390 shares of the energy company’s stock valued at $1,190,000 after buying an additional 145 shares in the last quarter. Intrust Bank NA boosted its position in Newfield Exploration by 0.8% in the third quarter. Intrust Bank NA now owns 20,556 shares of the energy company’s stock valued at $893,000 after buying an additional 156 shares in the last quarter. Chelsea Counsel Co. boosted its position in Newfield Exploration by 1.5% in the third quarter. Chelsea Counsel Co. now owns 18,875 shares of the energy company’s stock valued at $821,000 after buying an additional 275 shares in the last quarter. Norinchukin Bank The boosted its position in Newfield Exploration by 3.1% in the third quarter. Norinchukin Bank The now owns 10,633 shares of the energy company’s stock valued at $462,000 after buying an additional 316 shares in the last quarter. Finally, Advantus Capital Management Inc boosted its position in Newfield Exploration by 2.7% in the third quarter. Advantus Capital Management Inc now owns 19,483 shares of the energy company’s stock valued at $847,000 after buying an additional 504 shares in the last quarter. Institutional investors and hedge funds own 96.67% of the company’s stock.

In other Newfield Exploration news, insider Lee K. Boothby sold 9,000 shares of the company’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $36.88, for a total transaction of $331,920.00. Following the transaction, the insider now owns 263,817 shares in the company, valued at approximately $9,729,570.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Kent Wells bought 3,000 shares of the stock in a transaction on Monday, February 27th. The shares were bought at an average price of $36.94 per share, for a total transaction of $110,820.00. Following the purchase, the director now directly owns 11,563 shares in the company, valued at approximately $427,137.22. The disclosure for this purchase can be found here. Insiders own 0.44% of the company’s stock.

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.

5 Day Chart for NYSE:NFX

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