Newfield Exploration (NFX) Earning Somewhat Positive Press Coverage, Report Shows
Media coverage about Newfield Exploration (NYSE:NFX) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Newfield Exploration earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news coverage about the energy company an impact score of 45.4416556682467 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- What the sentiment indicator is Signaling: Northwest Biotherapeutics, Inc. (NWBO), Newfield Exploration Company (NFX) – Market Movers (financialqz.com)
- Free Post Earnings Research Report: Newfield’s Quarterly Revenue Jumped 12%; EPS Soared 83% (finance.yahoo.com)
- Newfield Exploration Company: Newfield Provides Fourth Quarter / Full Year 2017 Conference Call Information (twst.com)
- Hot Tickers: Enbridge Energy Partners, LP (EEP), Newfield Exploration Company (NFX) – Market Movers (financialqz.com)
Shares of Newfield Exploration (NFX) traded up $0.54 during midday trading on Friday, hitting $29.39. The company had a trading volume of 2,780,000 shares, compared to its average volume of 2,000,244. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.87. The firm has a market cap of $5,866.80, a PE ratio of 14.62, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. Newfield Exploration has a twelve month low of $24.41 and a twelve month high of $50.00.
Newfield Exploration (NYSE:NFX) last issued its earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.09. The business had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $419.75 million. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. sell-side analysts expect that Newfield Exploration will post 2.1 EPS for the current year.
Several brokerages have recently issued reports on NFX. Piper Jaffray Companies lowered their price target on Newfield Exploration from $53.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. BMO Capital Markets set a $34.00 price target on Newfield Exploration and gave the company a “buy” rating in a research report on Tuesday, October 10th. Zacks Investment Research cut Newfield Exploration from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Jefferies Group set a $40.00 price target on Newfield Exploration and gave the company a “buy” rating in a research report on Tuesday, August 29th. Finally, Stifel Nicolaus set a $37.00 price target on Newfield Exploration and gave the company a “buy” rating in a research report on Friday, August 18th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.62.
In other news, Director Juanita F. Romans sold 3,500 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 39,034 shares of the company’s stock, valued at $1,171,800.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $29.10, for a total value of $349,200.00. The disclosure for this sale can be found here. Insiders sold a total of 39,500 shares of company stock worth $1,210,270 over the last 90 days. Insiders own 0.54% 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.
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