Newfield Exploration Company (NYSE:NFX) announced its quarterly earnings results on Tuesday. The energy company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.09, Bloomberg Earnings reports. Newfield Exploration had a return on equity of 37.07% and a net margin of 20.62%. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $419.75 million. During the same quarter last year, the firm posted $0.45 EPS. The company’s quarterly revenue was up 12.0% on a year-over-year basis.

In other Newfield Exploration news, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $29.10, for a total value of $349,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Roger B. Plank purchased 3,000 shares of the stock in a transaction on Friday, August 11th. The stock was acquired at an average cost of $25.98 per share, for a total transaction of $77,940.00. Following the acquisition, the director now owns 30,787 shares in the company, valued at $799,846.26. The disclosure for this purchase can be found here. Company insiders own 0.54% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Newfield Exploration Company (NFX) Issues Quarterly Earnings Results” was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at

Several equities research analysts have issued reports on NFX shares. Barclays PLC reaffirmed an “equal weight” rating and set a $22.00 price target (down previously from $23.00) on shares of Newfield Exploration in a report on Wednesday, August 9th. Williams Capital set a $45.00 price target on Newfield Exploration and gave the company a “buy” rating in a report on Wednesday, August 2nd. Cowen and Company set a $35.00 price target on Newfield Exploration and gave the company a “buy” rating in a report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $39.00 price target on shares of Newfield Exploration in a report on Thursday, October 12th. Finally, Zacks Investment Research raised Newfield Exploration from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $39.26.

Newfield Exploration Company Profile

Newfield Exploration Company is an independent exploration and production company. It is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. Its operating segments are the United States and China. Its the United States operations are onshore and focus primarily on large scale, liquids resource plays.

Earnings History for Newfield Exploration (NYSE:NFX)

Receive News & Ratings for Newfield Exploration Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newfield Exploration Company and related companies with Analyst Ratings Network's FREE daily email newsletter.