Newfield Exploration Company (NYSE:NFX) registered a -3.97% decrease, still its new closing price is 92.51% up from the company’s 1 year high of 50.00.It posted -2.53% losses in previous 5 sessions and is now the subject of 9 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 12 buy or better ratings. The 37 stock analysts following this company have an average price target at $53.70, with individual PT in the $39.00-$69.00 range. The shares moved at $40.12, implying that brokerage firms see shares gaining about 38.01% in twelve months time.
Newfield Exploration Company (NFX) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -0.94% fall year to date. A President and CEO at Newfield Exploration Company (NFX) offloaded shares in a transaction closed on Wednesday December 28, 2016. Boothby Lee K sold 30,000 shares in the company at $41.72 each and collected $1,251,001 in proceeds. Boothby Lee K now owns 234,647 shares in the company after this transaction. A Director in the company, Gardner Pamela J, disclosed a transaction on Thursday August 18, 2016 that ended up generating $493,001 from the sale of 10,685 shares at $46.22 per share.
Newfield Exploration Company (NYSE:NFX) Upcoming Results on Tap
Newfield Exploration Company will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.41 in that period. Sales during the quarter are predicted to arrive at $439.58 million.
Earnings surprise history: Last quarter, the company posted approximately $392 million in revenue and EPS of $0.45. The mean forecast was for $401.72 million and $0.24 a share, respectively. One quarter earlier, revenue for the stock was at $381 million, with earnings at $0.32/share.
Newfield Exploration Company (NFX) Brokerage Update
Newfield Exploration Company (NFX) is in Jefferies’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Hold by Jefferies, according to news reported on Tuesday January 17, 2017.Another important research note was issued by BofA/Merrill on Wednesday January 04, 2017.The firm downgraded NFX to Neutral from Buy. Over the last six months and over the last three months, the shares of Newfield Exploration Company (NFX), have changed -7.34% and -4.32%, respectively.