Equities researchers at Credit Suisse Group started coverage on shares of Newfield Exploration (NYSE:NFX) in a research note issued to investors on Monday. The firm set a “hold” rating and a $30.00 price target on the energy company’s stock. Credit Suisse Group’s price target points to a potential downside of 1.19% from the stock’s current price.

A number of other research firms also recently issued reports on NFX. Royal Bank of Canada restated a “buy” rating and set a $39.00 target price on shares of Newfield Exploration in a research report on Tuesday, November 7th. TheStreet raised Newfield Exploration from a “d+” rating to a “c-” rating in a research note on Monday, November 6th. Zacks Investment Research cut Newfield Exploration from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. KeyCorp reaffirmed a “hold” rating on shares of Newfield Exploration in a research note on Monday, November 13th. Finally, Wolfe Research cut Newfield Exploration from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $37.81.

Newfield Exploration (NFX) opened at $30.36 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87. Newfield Exploration has a 52-week low of $24.41 and a 52-week high of $50.00. The stock has a market cap of $6,060.00, a PE ratio of 14.62, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44.

Newfield Exploration (NYSE:NFX) last released its earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $419.75 million. During the same period in the prior year, the company posted $0.45 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. equities research analysts anticipate that Newfield Exploration will post 2.1 earnings per share for the current year.

In other Newfield Exploration news, insider Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $31.30, for a total transaction of $375,600.00. Following the completion of the transaction, the insider now owns 243,322 shares of the company’s stock, valued at approximately $7,615,978.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Juanita F. Romans sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $30.02, for a total value of $105,070.00. Following the transaction, the director now directly owns 39,034 shares of the company’s stock, valued at approximately $1,171,800.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,500 shares of company stock valued at $1,210,270. Insiders own 0.54% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Schroder Investment Management Group boosted its position in Newfield Exploration by 67.3% during the 2nd quarter. Schroder Investment Management Group now owns 1,236,114 shares of the energy company’s stock worth $35,353,000 after acquiring an additional 497,431 shares during the last quarter. Atlantic Trust Group LLC boosted its holdings in shares of Newfield Exploration by 22.8% in the 2nd quarter. Atlantic Trust Group LLC now owns 253,908 shares of the energy company’s stock valued at $7,226,000 after buying an additional 47,194 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Newfield Exploration by 21.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,229 shares of the energy company’s stock valued at $1,458,000 after buying an additional 8,972 shares during the last quarter. 361 Capital LLC boosted its holdings in shares of Newfield Exploration by 15.6% in the 2nd quarter. 361 Capital LLC now owns 183,420 shares of the energy company’s stock valued at $5,220,000 after buying an additional 24,812 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Newfield Exploration by 106.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 144,732 shares of the energy company’s stock valued at $4,119,000 after buying an additional 74,768 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

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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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