Stocks of Newfield Exploration Company (NYSE:NFX) rallied by 0.7% during the past week but lost 1.21% on a 4-week basis. The company has outperformed the S&P 500 by 1.91% in the past week but underperformed the index by 2.11% in the last 4 weeks.
Newfield Exploration Company (NYSE:NFX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.75 and $39.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.14, notching a gain of 2.58% for the day. The total traded volume was 3,086,104 . The stock had closed at $39.13 on the previous day.
The company shares have rallied 9.19% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $42.53 and the one year low was seen on Feb 19, 2016. The 50-Day Moving Average price is $39.16 and the 200 Day Moving Average price is recorded at $33.00.
On the companys insider trading activities,The (President and CEO) of Newfield Exploration Co /De/, Boothby Lee K sold 50,000 shares at $40.95 on May 26, 2016. The Insider selling transaction had a total value worth of $2,047,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Deutsche Bank maintains its ratings on Newfield Exploration Company (NYSE:NFX). In the latest research report, Deutsche Bank raises the target price from $43 per share to $47 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 0.44% of Newfield Exploration Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -16.88% . During last six month period, the net percent change held by insiders has seen a change of -16.88%.
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 400,000 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 92,000 net acres in the Williston Basin. The Company has approximately 225,000 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.