Newfield Exploration Co. (NFX) was Initiated by Wunderlich to “Buy” and the brokerage firm has set the Price Target at $42. Wunderlich advised their investors in a research report released on Apr 27, 2016.
Many Wall Street Analysts have commented on Newfield Exploration Co.. Topeka Capital Markets Initiated Newfield Exploration Co. on Mar 23, 2016 to “Buy”, Price Target of the shares are set at $42.Company shares were Reiterated by Stifel on Mar 22, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $35 .RBC Capital Mkts Resumed Newfield Exploration Co. on Mar 18, 2016 to “Outperform”, Price Target of the shares are set at $42.
On the company’s financial health, Newfield Exploration Co. reported $-4.06 EPS for the quarter, missing the analyst consensus estimate by $ -4.08 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $0.02. The company had revenue of $362.00 million for the quarter, compared to analysts expectations of $411.81 million. The company’s revenue was down -26.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.
Newfield Exploration Co. opened for trading at $36.24 and hit $37.12 on the upside on Friday, eventually ending the session at $36.86, with a gain of 2.13% or 0.77 points. The heightened volatility saw the trading volume jump to 39,61,426 shares. Company has a market cap of $6,032 M.
In a different news, on Nov 19, 2015, George T Dunn (Sr VP – Development) sold 20,000 shares at $41.01 per share price. According to the SEC, on Nov 13, 2015, Valerie A Mitchell (VP-Mid-Continent) sold 10,713 shares at $38.50 per share price. On Nov 12, 2015, Gary D Packer (EVP and COO) sold 40,000 shares at $39.69 per share price, according to the Form-4 filing with the securities and exchange commission.
Newfield Exploration Company (Newfield) is an independent energy company engaged in the exploration development and production of crude oil natural gas and natural gas liquids. The Companys principal areas of operation are oil and liquids-rich resource plays in the Mid-Continent Rocky Mountains and onshore Gulf Coast regions of the United States. The Company operates through two segments: the United States and China. Approximately 46% of the Companys proved reserves are located in Mid-Continent region. The Companys assets consist of more than 400000 net acres in the Anadarko and Arkoma basins. Approximately 43% of its proved reserves are located in the Rocky Mountains region. The Company has approximately 92000 net acres in the Williston Basin. The Company has approximately 225000 net acres in the Uinta Basin. About 7% of the Companys proved reserves are located in the onshore Gulf Coast region. Approximately 4% of the Companys proved reserves are located in China.