Todays Report: The Newfield Exploration Co. (NFX) Scheduled to Post Earnings on Tuesday

The Newfield Exploration Co. (NFX) Scheduled to Post Earnings on Tuesday

Newfield Exploration Co. (NYSE:NFX) will post its Q316 quarterly earnings results on Tuesday, November 1st. Analysts expect Newfield Exploration to post earnings of $0.27 per share and revenue of $414.42 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Newfield Exploration (NYSE:NFX) last issued its earnings results on Tuesday, August 2nd. The energy company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.24. The business earned $381 million during the quarter, compared to the consensus estimate of $379.74 million. Newfield Exploration had a positive return on equity of 9.07% and a negative net margin of 226.57%. The company’s revenue for the quarter was down 18.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. On average, analysts expect Newfield Exploration to post $0.75 EPS for the current fiscal year and $1.21 EPS for the next fiscal year.

Newfield Exploration Co. (NYSE:NFX) opened at 41.39 on Monday. The stock’s 50 day moving average price is $42.56 and its 200-day moving average price is $41.83. The stock’s market capitalization is $8.14 billion. Newfield Exploration Co. has a 52 week low of $20.84 and a 52 week high of $47.56.

In other news, Director Pamela J. Gardner sold 10,685 shares of the business’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $46.22, for a total transaction of $493,860.70. Following the transaction, the director now directly owns 43,749 shares in the company, valued at approximately $2,022,078.78. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Juanita F. Romans sold 2,015 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $46.04, for a total transaction of $92,770.60. Following the transaction, the director now owns 36,810 shares in the company, valued at $1,694,732.40. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its position in Newfield Exploration by 15.0% in the second quarter. State Street Corp now owns 9,771,173 shares of the energy company’s stock valued at $431,692,000 after buying an additional 1,271,965 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Newfield Exploration by 1.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 6,385,350 shares of the energy company’s stock valued at $282,105,000 after buying an additional 65,942 shares in the last quarter. BlackRock Fund Advisors boosted its position in Newfield Exploration by 1.9% in the second quarter. BlackRock Fund Advisors now owns 3,602,590 shares of the energy company’s stock valued at $159,162,000 after buying an additional 65,961 shares in the last quarter. Waddell & Reed Financial Inc. boosted its position in Newfield Exploration by 1.5% in the second quarter. Waddell & Reed Financial Inc. now owns 2,614,419 shares of the energy company’s stock valued at $115,505,000 after buying an additional 39,170 shares in the last quarter. Finally, Teachers Advisors Inc. boosted its position in Newfield Exploration by 88.6% in the second quarter. Teachers Advisors Inc. now owns 2,089,224 shares of the energy company’s stock valued at $92,302,000 after buying an additional 981,524 shares in the last quarter. Institutional investors and hedge funds own 99.63% of the company’s stock.

A number of equities analysts recently commented on the company. Citigroup Inc. lifted their price target on Newfield Exploration from $42.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 9th. Zacks Investment Research downgraded Newfield Exploration from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. Imperial Capital reiterated an “outperform” rating and issued a $53.00 price target on shares of Newfield Exploration in a research note on Friday, September 9th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $57.00 price target (up from $56.00) on shares of Newfield Exploration in a research note on Friday, August 5th. Finally, Barclays PLC downgraded Newfield Exploration from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $35.00 to $44.00 in a research note on Friday, August 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $47.43.

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