Newfield Exploration (NYSE:NFX) has been assigned a $40.00 price objective by equities research analysts at Cowen in a research note issued to investors on Thursday. The brokerage presently has a “buy” rating on the energy company’s stock. Cowen’s target price points to a potential upside of 18.55% from the stock’s current price.

Several other research analysts also recently commented on the stock. Credit Suisse Group started coverage on shares of Newfield Exploration in a research note on Monday, December 11th. They set a “neutral” rating and a $30.00 price target on the stock. Jefferies Group reaffirmed a “buy” rating and issued a $39.00 target price on shares of Newfield Exploration in a research note on Thursday, October 12th. Morgan Stanley lifted their target price on shares of Newfield Exploration from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Barclays lifted their target price on shares of Newfield Exploration from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 11th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $39.00 target price on shares of Newfield Exploration in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Newfield Exploration presently has a consensus rating of “Buy” and a consensus target price of $39.27.

Newfield Exploration (NYSE NFX) opened at $33.74 on Thursday. The company has a market cap of $6,740.00, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 0.73 and a beta of 1.45. Newfield Exploration has a one year low of $24.41 and a one year high of $43.74. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.17.

Newfield Exploration (NYSE:NFX) last posted its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.43 by $0.09. The firm had revenue of $439.00 million for the quarter, compared to the consensus estimate of $419.75 million. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. sell-side analysts predict that Newfield Exploration will post 2.14 EPS for the current fiscal year.

In other Newfield Exploration news, CEO Lee K. Boothby sold 12,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $31.70, for a total transaction of $380,400.00. Following the transaction, the chief executive officer now directly owns 255,322 shares of the company’s stock, valued at approximately $8,093,707.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Juanita F. Romans sold 3,500 shares of the business’s 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 transaction, the director now directly owns 39,034 shares in the company, valued at $1,171,800.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,500 shares of company stock worth $1,243,150. Insiders own 0.54% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Riverhead Capital Management LLC boosted its holdings in shares of Newfield Exploration by 17.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,922 shares of the energy company’s stock valued at $197,000 after buying an additional 1,013 shares in the last quarter. Vident Investment Advisory LLC bought a new stake in shares of Newfield Exploration during the 3rd quarter valued at $212,000. Thrivent Financial For Lutherans boosted its holdings in shares of Newfield Exploration by 3.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock valued at $214,000 after buying an additional 230 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Newfield Exploration by 43.0% during the 2nd quarter. Neuberger Berman Group LLC now owns 8,243 shares of the energy company’s stock valued at $235,000 after buying an additional 2,480 shares in the last quarter. Finally, Commerce Bank bought a new stake in shares of Newfield Exploration during the 3rd quarter valued at $246,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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About Newfield Exploration

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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