Newfield Exploration Company Profile (NYSE:NFX)

Newfield Exploration trades on the New York Stock Exchange (NYSE) under the ticker symbol "NFX."

Newfield Exploration Co. (NYSE:NFX) posted its quarterly earnings data on Tuesday, August, 1st. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by $0.01. The firm earned $402 million during the quarter, compared to analysts' expectations of $413.70 million. Newfield Exploration had a return on equity of 34.08% and a net margin of 24.38%. Newfield Exploration's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 earnings per share. View Newfield Exploration's Earnings History.

Newfield Exploration is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Newfield Exploration.

24 analysts have issued 12-month price targets for Newfield Exploration's stock. Their predictions range from $22.00 to $53.00. On average, they anticipate Newfield Exploration's share price to reach $40.81 in the next twelve months. View Analyst Ratings for Newfield Exploration.

Here are some recent quotes from research analysts about Newfield Exploration stock:

• 1. According to Zacks Investment Research, "Newfield has a huge inventory of drilling wells in the prospective crude oil and condensate shale plays of Anadarko and Arkoma basins of Oklahoma. In these resources, the company has been investing significantly that will likely contribute to production growth. We appreciate the company’s measures to reduce cost related to core operations, especially in an unfavorable business scenario. Since the beginning of this year, Newfield has managed to lower its operating cost by more than 65%. However, the company has significant exposure to debt as its debt-to-capitalization ratio is 66.8%, much higher than 49.3% of the broader industry. On top of that, Newfield is primarily focused on the U.S. shale plays, with little exposure to China. Hence, less exposure to more profitable international oil resources is a drag." (8/10/2017)
• 2. BMO Capital Markets analysts commented, "We observed this earnings season that producers that communicated a competitive (and believable) growth-within-cash-flow game plan'and where compression of the EV/EBITDA multiple over time was more pronounced'were rewarded most or, put differently, punished less. The larger context being a rangebound commodity price environment. We see in NFX a producer that can generate the same, but where it's not until the outperiods that we begin to see greater evidence of improved capital efficiency. That's what is reflected in the revised estimates contained within." (2/27/2017)
• 3. KLR Group analysts commented, "We are increasing our NFX target price $2 to $46 per share due slightly lower capital intensity and higher liquids price realizations partially offset by higher operating/transport expense. Our '17 production expectation of ~150 Mboepd approximates the midpoint of guidance (148.2-151.5 Mboepd)." (2/22/2017)

Some companies that are related to Newfield Exploration include EQT Corporation (EQT), Encana Corporation (ECA), Marathon Oil Corporation (MRO), Cimarex Energy Co (XEC), Diamondback Energy (FANG), Parsley Energy (PE), EQT GP Holdings, LP (EQGP), Antero Resources Corporation (AR), Rice Energy (RICE), Energen Corporation (EGN), RSP Permian (RSPP), Range Resources Corporation (RRC), Murphy Oil Corporation (MUR), Vermilion Energy (VET), WPX Energy (WPX), Chesapeake Energy Corporation (CHK), Black Stone Minerals, L.P. (BSM) and Transportadora De Gas Sa Ord B (TGS).

Newfield Exploration's management team includes the folowing people:

• Lee K. Boothby, Chairman of the Board, President, Chief Executive Officer
• Lawrence S. Massaro, Chief Financial Officer, Executive Vice President
• Gary D. Packer, Chief Operating Officer, Executive Vice President
• George T. Dunn, Senior Vice President - Development
• John H. Jasek, Senior Vice President - Operations
• George W. Fairchild Jr., Chief Accounting Officer
• Matthew R. Vezza, Vice President — Assets following the consolidation of the Company's Mid-Continent business
• Timothy D. Yang, General Counsel, Corporate Secretary
• Steven W. Nance, Lead Independent Director
• Pamela J. Gardner, Independent Director

Newfield Exploration's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.88%), BlackRock Inc. (6.95%), State Street Corp (6.13%), FMR LLC (5.25%), Boston Partners (2.80%) and Van ECK Associates Corp (1.83%). Company insiders that own Newfield Exploration stock include Gary D Packer, George T Dunn, George W Fairchild Jr, James Kent Wells, John H Jasek, Juanita F Romans, Lee K Boothby, Matthew R Vezza, Pamela J Gardner, Roger B Plank, Stephen C Campbell and Valerie A Mitchell. View Institutional Ownership Trends for Newfield Exploration.

Newfield Exploration's stock was sold by a variety of institutional investors in the last quarter, including FIL Ltd, Jennison Associates LLC, Teachers Advisors LLC, Prudential Financial Inc., Lazard Asset Management LLC, Bank of New York Mellon Corp, Royal Bank of Canada and Russell Investments Group Ltd.. View Insider Buying and Selling for Newfield Exploration.

Newfield Exploration's stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, FMR LLC, Vanguard Group Inc., Bridgewater Associates LP, State Street Corp, Schroder Investment Management Group, Cobalt Capital Management Inc. and BNP Paribas Arbitrage SA. Company insiders that have bought Newfield Exploration stock in the last two years include James Kent Wells and Roger B Plank. View Insider Buying and Selling for Newfield Exploration.

Shares of Newfield Exploration can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Newfield Exploration stock can currently be purchased for approximately $28.82.