Analyst Research Summary: Newfield Exploration Company (NYSE:NFX)
Newfield Exploration Company (NYSE:NFX) stock is presently standing at about $34.51 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 33 analysts covering the company is $51.00, which suggests the stock could still rise over 32 percent. The highest analyst price target is $68.00, which implies a rally of 3 percent. And a quick view of analyst notes show that 19 are rating the stock a buy while 8 rate NFX a strong buy. There are 9 equity research firms advocating a Hold and 0 consider it Sell.
Jefferies analysts provided their view on Newfield Exploration Company (NYSE:NFX) recently. The rating firm issued a Buy rating to this company in a research note released on Jan 17, 2017. BofA/Merrill analysts disclosed their opinion on Newfield Exploration Company (NYSE:NFX) recently. The rating firm gave a Neutral rating to this stock in a research note published on Jan 04, 2017. According to a research note disclosed on Jan 04, 2017, analysts at Citigroup have upped their rating on these shares from Neutral to Buy.
Newfield Exploration Company (NYSE:NFX) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director WELLS JAMES KENT Purchased 3,000 company shares for 110820, in a transaction on 2017-02-27. Following the transaction, the Director is left with a stake of 13,063 shares, currently valued at $450804. Meanwhile, President and CEO Boothby Lee K sold 30,000 shares worth $1251600, through a transaction dated 2016-12-28. Following the completion of the transaction, the insider is left with a stake of 230,162 shares, amounting $7942890.62. NFX President and CEO Boothby Lee K also sold 30,000 shares, at a stock price of $41.72. This transaction occurred on 2016-12-28 totals $1251600. After this transaction, the insider’s stake stands at 234,647 shares, with a market value of $8097668.
Executives hold 0.19 percent of the stock. Charles W. Duncan,Jr is one of the biggest insider owners in Newfield Exploration Company (NYSE:NFX), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 409,927 shares which have current market value of around $14146580.77.David A. Trice is another major inside shareholder in the company. The insider owns 386,765 shares as of 0.19%, currently worth $13347260.15. Gary D. Packer is ranked as third insider holder of the stock. This insider holds 271,754 shares with a market value around $9378230.54 as of recent close.
Newfield Exploration Company (NYSE:NFX) Earnings Outlook
In Newfield Exploration Company (NYSE:NFX)’s latest quarter, EPS moved to $0.49 from $0.45 in preceding quarter and revenues reached at $415.00M compared to $392.00M. Analysts had expected Newfield Exploration Company (NYSE:NFX) to post net income of about $0.37 per share on $396.10M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.19 to $0.66. That is compared with the $-0.09 in EPS it reported during the same period a year ago.