Newfield Exploration Co. (NYSE:NFX) – Equities researchers at KeyCorp increased their Q2 2018 EPS estimates for Newfield Exploration in a research report issued to clients and investors on Wednesday, May 23rd. KeyCorp analyst D. Deckelbaum now anticipates that the energy company will post earnings per share of $0.89 for the quarter, up from their prior estimate of $0.74. KeyCorp also issued estimates for Newfield Exploration’s Q2 2019 earnings at $1.08 EPS, Q3 2019 earnings at $1.05 EPS and Q4 2019 earnings at $1.18 EPS.

Newfield Exploration (NYSE:NFX) last posted its earnings results on Tuesday, May 1st. The energy company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.08. The company had revenue of $580.00 million during the quarter, compared to analyst estimates of $552.56 million. Newfield Exploration had a return on equity of 36.67% and a net margin of 18.96%. The business’s revenue was up 39.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 earnings per share.

Other equities analysts have also issued reports about the company. BMO Capital Markets reaffirmed a “market perform” rating and set a $29.00 target price (down from $36.00) on shares of Newfield Exploration in a report on Friday, February 23rd. Jefferies Group set a $35.00 target price on Newfield Exploration and gave the company a “buy” rating in a report on Friday, February 23rd. KLR Group upgraded Newfield Exploration from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Thursday, February 22nd. Stifel Nicolaus set a $45.00 price objective on Newfield Exploration and gave the stock a “buy” rating in a research report on Friday, March 2nd. Finally, Zacks Investment Research downgraded Newfield Exploration from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the stock. Newfield Exploration currently has a consensus rating of “Hold” and an average price target of $37.57.

Newfield Exploration opened at $28.01 on Monday, Marketbeat reports. The company has a market cap of $5.59 billion, a PE ratio of 13.03, a P/E/G ratio of 0.70 and a beta of 1.51. Newfield Exploration has a 52 week low of $22.72 and a 52 week high of $35.20. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.77 and a quick ratio of 0.74.

Large investors have recently made changes to their positions in the company. Swiss National Bank lifted its position in shares of Newfield Exploration by 0.4% during the 4th quarter. Swiss National Bank now owns 734,900 shares of the energy company’s stock valued at $23,171,000 after acquiring an additional 2,700 shares during the last quarter. US Bancorp DE lifted its position in shares of Newfield Exploration by 47.0% during the 4th quarter. US Bancorp DE now owns 46,199 shares of the energy company’s stock valued at $1,457,000 after acquiring an additional 14,773 shares during the last quarter. EnTrustPermal Partners Offshore LP acquired a new stake in shares of Newfield Exploration during the 4th quarter valued at $1,936,000. Teacher Retirement System of Texas acquired a new stake in shares of Newfield Exploration during the 4th quarter valued at $1,685,000. Finally, Meadow Creek Investment Management LLC lifted its position in shares of Newfield Exploration by 145.1% during the 4th quarter. Meadow Creek Investment Management LLC now owns 208,656 shares of the energy company’s stock valued at $6,579,000 after acquiring an additional 123,536 shares during the last quarter. Institutional investors own 99.36% of the company’s stock.

In other news, Director Roger B. Plank bought 2,000 shares of the business’s stock in a transaction on Wednesday, March 28th. The stock was purchased at an average cost of $23.38 per share, for a total transaction of $46,760.00. Following the completion of the transaction, the director now directly owns 32,787 shares of the company’s stock, valued at approximately $766,560.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas G. Ricks bought 8,250 shares of the business’s stock in a transaction on Thursday, March 1st. The stock was purchased at an average price of $23.78 per share, with a total value of $196,185.00. Following the completion of the transaction, the director now directly owns 66,447 shares of the company’s stock, valued at $1,580,109.66. The disclosure for this purchase can be found here. Corporate insiders own 0.59% of the company’s stock.

About Newfield Exploration

Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company has operations principally in the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota, and the Uinta Basin of Utah.

Earnings History and Estimates for Newfield Exploration (NYSE:NFX)

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