Newfield Exploration Company (NYSE:NFX) shares were down 3.7% on Tuesday . The stock traded as low as $29.77 and last traded at $32.09. Approximately 3,122,100 shares were traded during trading, an increase of 4% from the average daily volume of 2,994,308 shares. The stock had previously closed at $33.31.

Several research analysts have weighed in on NFX shares. Barclays PLC reaffirmed an “equal weight” rating and set a $22.00 target price (down previously from $23.00) on shares of Newfield Exploration in a research note on Wednesday, August 9th. Williams Capital set a $45.00 target price on shares of Newfield Exploration and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Cowen and Company set a $35.00 target price on shares of Newfield Exploration and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $39.00 target price on shares of Newfield Exploration in a research note on Thursday, October 12th. Finally, Zacks Investment Research raised shares of Newfield Exploration from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $38.87.

The company has a debt-to-equity ratio of 1.87, a current ratio of 1.17 and a quick ratio of 1.15. The firm has a market capitalization of $6,030.00, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 1.40 and a beta of 1.47.

Newfield Exploration (NYSE:NFX) last released its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. The company had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $419.75 million. During the same quarter last year, the company earned $0.45 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. research analysts forecast that Newfield Exploration Company will post 2.06 EPS for the current year.

In other news, insider Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $29.10, for a total value of $349,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Juanita F. Romans sold 3,500 shares of Newfield Exploration 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 completion of 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. In the last three months, insiders have sold 39,500 shares of company stock worth $1,148,830. 0.54% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in NFX. Pacer Advisors Inc. increased its holdings in shares of Newfield Exploration by 8.5% in the 2nd quarter. Pacer Advisors Inc. now owns 4,059 shares of the energy company’s stock valued at $116,000 after acquiring an additional 319 shares during the period. Dupont Capital Management Corp acquired a new position in shares of Newfield Exploration in the 2nd quarter valued at $131,000. Tiedemann Wealth Management LLC increased its holdings in shares of Newfield Exploration by 36.0% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 28,966 shares of the energy company’s stock valued at $148,000 after acquiring an additional 7,664 shares during the period. Riverhead Capital Management LLC increased its holdings in shares of Newfield Exploration by 17.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,922 shares of the energy company’s stock valued at $197,000 after acquiring an additional 1,013 shares during the period. Finally, Koch Industries Inc. acquired a new position in shares of Newfield Exploration in the 2nd quarter valued at $209,000. 98.76% 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.

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