Newfield Exploration Company (NYSE:NFX) received a $37.00 price target from equities research analysts at SunTrust Banks, Inc. in a research note issued on Tuesday. The firm presently has a “buy” rating on the energy company’s stock. SunTrust Banks, Inc.’s target price would indicate a potential upside of 20.17% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Cowen and Company set a $35.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Williams Capital set a $46.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded Newfield Exploration from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Stifel Nicolaus set a $37.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research report on Friday, August 18th. Finally, BidaskClub downgraded Newfield Exploration from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Two research 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 has a consensus rating of “Buy” and a consensus price target of $39.26.

Newfield Exploration (NYSE:NFX) last announced its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.09. The company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $419.75 million. Newfield Exploration had a return on equity of 33.17% and a net margin of 18.82%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS.

TRADEMARK VIOLATION WARNING: “Newfield Exploration Company (NFX) PT Set at $37.00 by SunTrust Banks, Inc.” was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international trademark and copyright legislation. The original version of this piece can be viewed at https://theolympiareport.com/2017/11/02/newfield-exploration-company-nfx-pt-set-at-37-00-by-suntrust-banks-inc.html.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schroder Investment Management Group increased its stake in shares of Newfield Exploration by 67.3% in the 2nd quarter. Schroder Investment Management Group now owns 1,236,114 shares of the energy company’s stock valued at $35,353,000 after buying an additional 497,431 shares during the period. Atlantic Trust Group LLC grew its stake in shares of Newfield Exploration by 22.8% during the second quarter. Atlantic Trust Group LLC now owns 253,908 shares of the energy company’s stock worth $7,226,000 after purchasing an additional 47,194 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Newfield Exploration by 21.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,229 shares of the energy company’s stock worth $1,458,000 after purchasing an additional 8,972 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Newfield Exploration by 106.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 144,732 shares of the energy company’s stock worth $4,119,000 after purchasing an additional 74,768 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Newfield Exploration by 3.3% during the second quarter. Vanguard Group Inc. now owns 23,677,528 shares of the energy company’s stock worth $673,862,000 after purchasing an additional 760,793 shares during the period. 99.15% of the stock is owned by institutional investors.

About Newfield Exploration

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.

Analyst Recommendations 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.