Wall Street analysts predict that Newfield Exploration Co. (NYSE:NFX) will post earnings per share of $0.81 for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Newfield Exploration’s earnings. The highest EPS estimate is $0.95 and the lowest is $0.65. Newfield Exploration posted earnings of $0.52 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 55.8%. The firm is expected to announce its next quarterly earnings report on Tuesday, October 30th.

On average, analysts expect that Newfield Exploration will report full year earnings of $3.44 per share for the current financial year, with EPS estimates ranging from $3.10 to $3.65. For the next fiscal year, analysts expect that the business will report earnings of $4.13 per share, with EPS estimates ranging from $3.15 to $5.20. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Newfield Exploration.

Newfield Exploration (NYSE:NFX) last posted its quarterly earnings results on Tuesday, July 31st. The energy company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.12. The business had revenue of $679.00 million during the quarter, compared to analysts’ expectations of $619.07 million. Newfield Exploration had a net margin of 17.53% and a return on equity of 41.07%. The business’s revenue for the quarter was up 68.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 EPS.

A number of equities analysts recently weighed in on the stock. ValuEngine raised shares of Newfield Exploration from a “sell” rating to a “hold” rating in a research report on Friday, June 22nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $36.00 price objective on shares of Newfield Exploration in a research report on Friday, July 13th. Seaport Global Securities raised shares of Newfield Exploration from a “neutral” rating to a “buy” rating in a research report on Friday, June 1st. BMO Capital Markets reaffirmed a “hold” rating and set a $33.00 price objective on shares of Newfield Exploration in a research report on Thursday, July 12th. Finally, Morgan Stanley assumed coverage on shares of Newfield Exploration in a research report on Thursday, July 12th. They set an “equal weight” rating and a $32.00 price objective for the company. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $37.50.

A number of institutional investors have recently added to or reduced their stakes in the business. Fondren Management LP acquired a new stake in Newfield Exploration during the 2nd quarter worth approximately $605,000. Royal London Asset Management Ltd. acquired a new stake in Newfield Exploration during the 2nd quarter worth approximately $3,249,000. Schroder Investment Management Group raised its holdings in shares of Newfield Exploration by 20.5% in the 2nd quarter. Schroder Investment Management Group now owns 2,601,454 shares of the energy company’s stock valued at $78,824,000 after purchasing an additional 442,324 shares in the last quarter. HWG Holdings LP acquired a new stake in shares of Newfield Exploration in the 2nd quarter valued at $1,033,000. Finally, Energy Opportunities Capital Management LLC raised its holdings in shares of Newfield Exploration by 21.7% in the 2nd quarter. Energy Opportunities Capital Management LLC now owns 56,207 shares of the energy company’s stock valued at $1,700,000 after purchasing an additional 10,025 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

NYSE:NFX opened at $29.03 on Thursday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.72 and a quick ratio of 0.70. The company has a market cap of $5.80 billion, a P/E ratio of 9.71, a P/E/G ratio of 0.68 and a beta of 1.44. Newfield Exploration has a fifty-two week low of $22.72 and a fifty-two week high of $35.20.

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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