Cowen set a $40.00 target price on Newfield Exploration (NYSE:NFX) in a report published on Thursday morning. The firm currently has a buy rating on the energy company’s stock.

Several other research firms also recently commented on NFX. Scotiabank set a $39.00 price objective on Newfield Exploration and gave the stock a buy rating in a report on Saturday, November 25th. Zacks Investment Research upgraded Newfield Exploration from a hold rating to a strong-buy rating and set a $40.00 price objective for the company in a report on Monday, January 15th. Jefferies Group reiterated a buy rating and issued a $39.00 price objective on shares of Newfield Exploration in a report on Thursday, October 12th. Stifel Nicolaus set a $37.00 price objective on Newfield Exploration and gave the stock a buy rating in a report on Thursday, October 5th. Finally, Piper Jaffray Companies reiterated a buy rating and issued a $48.00 price objective on shares of Newfield Exploration in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and an average price target of $39.27.

Newfield Exploration (NFX) traded down $0.42 during midday trading on Thursday, reaching $33.32. The company had a trading volume of 3,670,107 shares, compared to its average volume of 2,290,000. Newfield Exploration has a 52 week low of $24.41 and a 52 week high of $43.74. The company has a market cap of $6,650.00, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 0.72 and a beta of 1.45. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.17 and a quick ratio of 1.15.

Newfield Exploration (NYSE:NFX) last released its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.43 by $0.09. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $419.75 million. During the same period last year, the company earned $0.45 EPS. Newfield Exploration’s revenue for the quarter was up 12.0% on a year-over-year basis. equities research analysts anticipate that Newfield Exploration will post 2.14 EPS for the current year.

In other Newfield Exploration news, Director Juanita F. Romans sold 3,500 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $30.02, for a total value of $105,070.00. Following the transaction, the director now directly owns 39,034 shares of the company’s stock, valued at $1,171,800.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $31.70, for a total value of $380,400.00. Following the completion of the transaction, the chief executive officer now directly owns 255,322 shares in the company, valued at $8,093,707.40. The disclosure for this sale can be found here. Insiders sold 39,500 shares of company stock worth $1,243,150 over the last three months. Insiders own 0.54% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its position in shares of Newfield Exploration by 51.6% during the 4th quarter. State of Alaska Department of Revenue now owns 36,770 shares of the energy company’s stock valued at $1,159,000 after buying an additional 12,510 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Newfield Exploration by 1.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,092,553 shares of the energy company’s stock valued at $34,449,000 after buying an additional 17,026 shares in the last quarter. Creative Planning purchased a new position in shares of Newfield Exploration during the 4th quarter valued at about $1,394,000. Bank of Montreal Can lifted its position in shares of Newfield Exploration by 18.4% during the 4th quarter. Bank of Montreal Can now owns 182,693 shares of the energy company’s stock valued at $5,760,000 after buying an additional 28,350 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Newfield Exploration by 5.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 124,200 shares of the energy company’s stock valued at $3,916,000 after buying an additional 6,000 shares in the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Newfield Exploration (NYSE:NFX)

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