Newfield Exploration Company (NYSE:NFX)‘s stock had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co in a research note issued to investors on Wednesday. They presently have a $36.00 target price on the energy company’s stock, down from their previous target price of $40.00. J P Morgan Chase & Co’s target price points to a potential upside of 35.34% from the stock’s current price.

NFX has been the subject of a number of other reports. Stifel Nicolaus reissued a “buy” rating and issued a $48.00 target price on shares of Newfield Exploration in a report on Wednesday, April 12th. Barclays PLC reaffirmed an “equal weight” rating and set a $33.00 price target (down from $39.00) on shares of Newfield Exploration in a report on Saturday, April 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $54.00 price target on shares of Newfield Exploration in a report on Tuesday, April 25th. Williams Capital reaffirmed a “buy” rating and set a $56.00 price target on shares of Newfield Exploration in a report on Wednesday, May 3rd. Finally, BMO Capital Markets set a $40.00 price target on Newfield Exploration and gave the company a “buy” rating in a report on Tuesday, May 2nd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $43.21.

Shares of Newfield Exploration (NFX) traded up 0.99% during mid-day trading on Wednesday, reaching $26.60. 2,601,664 shares of the company’s stock were exchanged. Newfield Exploration has a 52 week low of $25.46 and a 52 week high of $50.00. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 17.25 and a beta of 1.48. The stock has a 50 day moving average price of $27.57 and a 200 day moving average price of $34.00.

Newfield Exploration (NYSE:NFX) last posted its quarterly earnings results on Tuesday, August 1st. The energy company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by $0.01. The firm had revenue of $402 million during the quarter, compared to analyst estimates of $413.70 million. Newfield Exploration had a net margin of 18.82% and a return on equity of 33.17%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.32 EPS. Equities research analysts predict that Newfield Exploration will post $1.91 EPS for the current year.

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Several large investors have recently bought and sold shares of NFX. ProShare Advisors LLC raised its stake in Newfield Exploration by 2.6% in the first quarter. ProShare Advisors LLC now owns 46,321 shares of the energy company’s stock valued at $1,710,000 after buying an additional 1,158 shares during the period. Guinness Asset Management Ltd raised its stake in shares of Newfield Exploration by 35.1% in the first quarter. Guinness Asset Management Ltd now owns 325,875 shares of the energy company’s stock valued at $12,028,000 after buying an additional 84,700 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Newfield Exploration by 6.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,316 shares of the energy company’s stock valued at $183,000 after buying an additional 310 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Newfield Exploration by 8.8% in the first quarter. Nationwide Fund Advisors now owns 59,026 shares of the energy company’s stock valued at $2,179,000 after buying an additional 4,786 shares during the last quarter. Finally, Retirement Systems of Alabama raised its stake in shares of Newfield Exploration by 1.3% in the first quarter. Retirement Systems of Alabama now owns 205,542 shares of the energy company’s stock valued at $7,587,000 after buying an additional 2,644 shares during the last quarter. Institutional investors own 99.05% 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.

Analyst Recommendations for Newfield Exploration (NYSE:NFX)

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