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. Its principal areas of operation are the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota and the Uinta Basin of Utah. It has oil producing assets offshore China. As of December 31, 2016, its proved reserves of 513 million barrels of oil equivalents (MMBOE) consisted of 304 MMBOE proved developed producing, 10 MMBOE proved developed non-producing and 199 MMBOE proved undeveloped reserves. As of December 31, 2016, its proved liquids reserves were 285 million barrels of crude oil or other liquid hydrocarbons. As of December 31, 2016, 67% of its proved liquids reserves were crude oil or condensate.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Exploration and Production - NEC
- Sub-Industry: Oil & Gas Exploration & Production
- Symbol: NYSE:NFX
- CUSIP: 65129010
- Web: www.newfield.com
- Market Cap: $5.52 billion
- Outstanding Shares: 199,195,000
- 50 Day Moving Avg: $28.12
- 200 Day Moving Avg: $34.76
- 52 Week Range: $25.46 - $50.00
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 12.44
- P/E Growth: 0.37
- Annual Revenue: $1.6 billion
- Price / Sales: 3.48
- Book Value: $5.58 per share
- Price / Book: 5.02
- EBIDTA: $729 million
- Net Margins: -28.60%
- Return on Equity: 33.87%
- Return on Assets: 7.54%
- Debt-to-Equity Ratio: 2.21%
- Current Ratio: 1.48%
- Quick Ratio: 1.44%
- Average Volume: 3.22 million shs.
- Beta: 1.48
- Short Ratio: 2.9
Frequently Asked Questions for Newfield Exploration Company (NYSE:NFX)
What is Newfield Exploration Company's stock symbol?
Newfield Exploration Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "NFX."
How were Newfield Exploration Company's earnings last quarter?
Newfield Exploration Company (NYSE:NFX) released its quarterly earnings data on Tuesday, May, 2nd. The company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.12. The company earned $417 million during the quarter, compared to analysts' expectations of $425.44 million. Newfield Exploration Company had a negative net margin of 28.60% and a positive return on equity of 33.87%. View Newfield Exploration Company's Earnings History.
Where is Newfield Exploration Company's stock going? Where will Newfield Exploration Company's stock price be in 2017?
27 analysts have issued twelve-month price targets for Newfield Exploration Company's shares. Their predictions range from $23.00 to $65.00. On average, they expect Newfield Exploration Company's stock price to reach $44.52 in the next year. View Analyst Ratings for Newfield Exploration Company.
What are analysts saying about Newfield Exploration Company stock?
Here are some recent quotes from research analysts about Newfield Exploration Company stock:
- 1. According to Zacks Investment Research, "Concerned by the current demand/supply imbalance, we are downgrading our recommendation on Newfield Exploration to Underperform from Neutral. The company’s Rockies- and Gulf Coast-centered asset portfolio and its lack of meaningful exposure to the emerging shale plays are competitive disadvantages. Furthermore, because of gas price volatility, costs, geo-political risks and project timing delays; we see no positive catalyst for Newfield shares. Increased debt pressure in the highly competitive shale plays along with declining revenues is also a cause for concern. Therefore, we expect Newfield Exploration to perform below its peers and industry levels in the coming months. We believe there are other companies in the natural gas E&P group that offer better exposure to the sector." (7/25/2017)
- 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)
Are investors shorting Newfield Exploration Company?
Newfield Exploration Company saw a decline in short interest in the month of June. As of June 15th, there was short interest totalling 9,804,246 shares, a decline of 21.2% from the May 31st total of 12,443,817 shares. Based on an average trading volume of 3,442,386 shares, the short-interest ratio is currently 2.8 days. Currently, 5.0% of the shares of the company are short sold.
Who are some of Newfield Exploration Company's key competitors?
Some companies that are related to Newfield Exploration Company include Marathon Oil Corporation (MRO), Encana Corporation (ECA), Diamondback Energy (FANG), Cimarex Energy Co (XEC), EQT GP Holdings, LP (EQGP), Parsley Energy (PE), Antero Resources Corporation (AR), Rice Energy (RICE), RSP Permian (RSPP), Range Resources Corporation (RRC), Energen Corporation (EGN), Murphy Oil Corporation (MUR), Chesapeake Energy Corporation (CHK), WPX Energy (WPX), Vermilion Energy (VET), Black Stone Minerals, L.P. (BSM), PDC Energy (PDCE) and Laredo Petroleum (LPI).
Who are Newfield Exploration Company's key executives?
Newfield Exploration Company'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
Who owns Newfield Exploration Company stock?
Newfield Exploration Company's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Rockefeller Financial Services Inc. (0.37%), Russell Investments Group Ltd. (0.36%), Reinhart Partners Inc. (0.33%), DnB Asset Management AS (0.28%), Guinness Asset Management Ltd (0.16%) and Pacific Heights Asset Management LLC (0.16%). Company insiders that own Newfield Exploration Company 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 Company.
Who sold Newfield Exploration Company stock? Who is selling Newfield Exploration Company stock?
Newfield Exploration Company's stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Independent Portfolio Consultants Inc., ING Groep NV, Nisa Investment Advisors LLC, Exxonmobil Investment Management Inc. TX, DnB Asset Management AS, Miller Howard Investments Inc. NY and Meeder Asset Management Inc.. Company insiders that have sold Newfield Exploration Company stock in the last year include Juanita F Romans, Lee K Boothby and Pamela J Gardner. View Insider Buying and Selling for Newfield Exploration Company.
Who bought Newfield Exploration Company stock? Who is buying Newfield Exploration Company stock?
Newfield Exploration Company's stock was bought by a variety of institutional investors in the last quarter, including Reinhart Partners Inc., Assenagon Asset Management S.A., Aperio Group LLC, Mn Services Vermogensbeheer B.V., APG Asset Management N.V., Verde Servicos Internacionais S.A., NN Investment Partners Holdings N.V. and BB&T Corp. Company insiders that have bought Newfield Exploration Company stock in the last two years include James Kent Wells and Roger B Plank. View Insider Buying and Selling for Newfield Exploration Company.
How do I buy Newfield Exploration Company stock?
Shares of Newfield Exploration Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Newfield Exploration Company's stock price today?
MarketBeat Community Rating for Newfield Exploration Company (NYSE NFX)MarketBeat's community ratings are surveys of what our community members think about Newfield Exploration Company and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Newfield Exploration Company stock can currently be purchased for approximately $27.99.
Consensus Ratings for Newfield Exploration Company (NYSE:NFX) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 5 Hold Ratings, 21 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.74)|
|Consensus Price Target: ||$44.52 (59.06% upside)|
Analysts' Ratings History for Newfield Exploration Company (NYSE:NFX)
(Data available from 7/26/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/21/2017||Citigroup Inc.||Lower Price Target||Buy||$50.00 -> $36.00||Low|
|7/20/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$42.00||Low|
|7/18/2017||Cowen and Company||Set Price Target||Buy||$35.00||High|
|7/7/2017||Barclays PLC||Reiterated Rating||Hold||$23.00||Low|
|7/6/2017||Jefferies Group LLC||Reiterated Rating||Buy||$46.00||Low|
|6/26/2017||BMO Capital Markets||Set Price Target||Buy||$34.00||N/A|
|6/21/2017||Seaport Global Securities||Downgrade||Buy -> Sell||$50.00 -> $24.00||High|
|6/15/2017||Wolfe Research||Initiated Coverage||Outperform||$38.00||Low|
|6/5/2017||J P Morgan Chase & Co||Reiterated Rating||Overweight||$48.00 -> $42.00||Medium|
|6/2/2017||Credit Suisse Group||Reiterated Rating||Outperform||$47.00||Low|
|5/30/2017||Goldman Sachs Group, Inc. (The)||Upgrade||Neutral -> Buy||$52.00 -> $45.00||Medium|
|5/26/2017||Stifel Nicolaus||Reiterated Rating||Buy||$48.00||N/A|
|5/15/2017||Piper Jaffray Companies||Initiated Coverage||Buy||$55.00||Low|
|5/15/2017||KLR Group||Upgrade||Hold -> Buy||Medium|
|5/3/2017||Williams Capital||Reiterated Rating||Buy||$56.00||High|
|3/7/2017||Deutsche Bank AG||Boost Price Target||Buy||$52.00 -> $53.00||N/A|
|2/11/2017||Canaccord Genuity||Set Price Target||Buy||$50.00||N/A|
|1/31/2017||Societe Generale||Upgrade||Hold -> Buy||N/A|
|1/4/2017||Bank of America Corporation||Downgrade||Buy -> Neutral||N/A|
|12/16/2016||Wells Fargo & Company||Downgrade||Outperform -> Market Perform||N/A|
|10/31/2016||Morgan Stanley||Initiated Coverage||Equal -> Equal Weight||$52.00||N/A|
|10/14/2016||Evercore ISI||Downgrade||Buy -> Hold||$52.00||N/A|
|9/9/2016||Imperial Capital||Reiterated Rating||Outperform||$53.00||N/A|
|8/4/2016||Wunderlich||Boost Price Target||Buy||$59.00 -> $65.00||N/A|
|7/28/2016||Johnson Rice||Initiated Coverage||Buy||N/A|
|7/6/2016||Cantor Fitzgerald||Reiterated Rating||Buy||$44.00||N/A|
|7/6/2016||Simmons||Boost Price Target||Outperform||$50.00 -> $54.00||N/A|
|6/23/2016||Howard Weil||Boost Price Target||Sector Outperform||$47.00 -> $51.00||N/A|
|5/4/2016||Topeka Capital Markets||Boost Price Target||Buy||$42.00 -> $45.00||N/A|
|3/8/2016||Susquehanna Bancshares Inc||Reiterated Rating||Positive||N/A|
|2/29/2016||Raymond James Financial, Inc.||Upgrade||Market Perform -> Strong-Buy||$42.00||N/A|
|2/26/2016||SunTrust Banks, Inc.||Upgrade||Neutral -> Buy||$33.00||N/A|
|8/5/2015||Oppenheimer Holdings, Inc.||Reiterated Rating||Outperform||$45.00||N/A|
Earnings History for Newfield Exploration Company (NYSE:NFX)Earnings History by Quarter for Newfield Exploration Company (NYSE NFX)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/2/2017||Q1 2017||$0.45||$0.57||$425.44 million||$417.00 million||View||Listen|
|2/21/2017||Q416||$0.37||$0.49||$397.74 million||$415.00 million||View||Listen|
|11/1/2016||Q316||$0.27||$0.45||$414.42 million||$392.00 million||View||Listen|
|8/2/2016||Q216||$0.15||$0.32||$379.74 million||$381.00 million||View||Listen|
|5/3/2016||Q116||($0.12)||($0.09)||$342.91 million||$284.00 million||View||Listen|
|2/24/2016||Q415||$0.03||$0.30||$462.17 million||$362.00 million||View||Listen|
|11/3/2015||Q315||$0.16||$0.21||$489.81 million||$377.00 million||View||Listen|
|8/4/2015||Q215||$0.20||$0.46||$485.98 million||$469.00 million||View||Listen|
|5/5/2015||Q115||$0.08||$0.02||$428.20 million||$349.00 million||View||Listen|
|2/24/2015||Q414||$0.43||$0.38||$555.20 million||$495.00 million||View||Listen|
|10/28/2014||Q314||$0.52||$0.52||$584.36 million||$610.00 million||View||Listen|
|7/29/2014||Q214||$0.51||$0.43||$582.60 million||$608.00 million||View||Listen|
|4/29/2014||Q114||$0.40||$0.44||$513.71 million||$553.00 million||View||Listen|
|2/25/2014||Q413||$0.44||$0.48||$584.36 million||$498.00 million||View||Listen|
|11/5/2013||Q313||$0.51||$0.70||$569.43 million||$486.00 million||View||Listen|
|7/24/2013||Q2 2013||$0.41||$0.37||$632.90 million||$623.00 million||View||Listen|
|4/23/2013||Q1 2013||$0.44||$0.45||$647.73 million||$651.00 million||View||Listen|
|2/19/2013||Q4 2012||$0.42||($10.39)||$641.37 million||$646.00 million||View||Listen|
Earnings Estimates for Newfield Exploration Company (NYSE:NFX)
2017 EPS Consensus Estimate: $1.99
2018 EPS Consensus Estimate: $2.67
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Newfield Exploration Company (NYSE:NFX)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Newfield Exploration Company (NYSE:NFX)
Insider Ownership Percentage: 0.54%Insider Trades by Quarter for Newfield Exploration Company (NYSE:NFX)
Institutional Ownership Percentage: 99.20%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/1/2017||Lee K Boothby||Insider||Sell||9,000||$34.57||$311,130.00|| |
|4/3/2017||Lee K Boothby||Insider||Sell||9,000||$36.88||$331,920.00|| |
|2/27/2017||James Kent Wells||Director||Buy||3,000||$36.94||$110,820.00|| |
|12/28/2016||Lee K Boothby||Insider||Sell||30,000||$41.72||$1,251,600.00|| |
|8/18/2016||Pamela J Gardner||Director||Sell||10,685||$46.22||$493,860.70|| |
|8/8/2016||Juanita F Romans||Director||Sell||2,015||$46.04||$92,770.60|| |
|6/23/2016||Matthew R Vezza||VP||Sell||4,600||$43.17||$198,582.00|| |
|5/26/2016||John H Jasek||VP||Sell||25,000||$40.93||$1,023,250.00|| |
|5/26/2016||Lee K Boothby||CEO||Sell||50,000||$40.95||$2,047,500.00|| |
|5/20/2016||Gary D Packer||COO||Sell||7,500||$40.46||$303,450.00|| |
|5/18/2016||George W Fairchild Jr||CAO||Sell||8,200||$40.04||$328,328.00|| |
|5/18/2016||Roger B Plank||Director||Buy||1,000||$39.22||$39,220.00|| |
|5/6/2016||Stephen C Campbell||VP||Sell||25,606||$37.63||$963,553.78|| |
|11/18/2015||George T Dunn||SVP||Sell||20,000||$41.01||$820,200.00|| |
|11/12/2015||Valerie A Mitchell||VP||Sell||10,713||$38.50||$412,450.50|| |
|11/11/2015||Gary D Packer||COO||Sell||40,000||$39.69||$1,587,600.00|| |
|11/10/2015||Roger B. Plank||Director||Buy||1,600||$39.64||$63,424.00|| |
|11/9/2015||Lee K Boothby||CEO||Sell||25,000||$39.54||$988,500.00|| |
|11/6/2015||Roger B. Plank||Director||Buy||600||$39.18||$23,508.00|| |
|8/21/2015||Roger B. Plank||Director||Buy||1,800||$32.37||$58,266.00|| |
|8/10/2015||Roger B Plank||Director||Buy||2,000||$34.14||$68,280.00|| |
|6/22/2015||Matthew R Vezza||VP||Sell||11,952||$37.20||$444,614.40|| |
|6/4/2015||Valerie A Mitchell||VP||Sell||11,686||$36.18||$422,799.48|| |
|5/11/2015||Charles E Shultz||Director||Sell||2,500||$36.56||$91,400.00|| |
|4/28/2015||Charles E Shultz||Director||Sell||6,250||$40.00||$250,000.00|| |
|4/10/2015||Charles E Shultz||Director||Sell||2,500||$37.45||$93,625.00|| |
|3/26/2015||Charles E Shultz||Director||Sell||1,250||$35.00||$43,750.00|| |
|3/10/2015||Charles E Shultz||Director||Sell||1,250||$31.13||$38,912.50|| |
|2/25/2015||Charles E Shultz||Director||Sell||3,750||$35.00||$131,250.00|| |
|2/10/2015||Charles E Shultz||Director||Sell||1,250||$30.20||$37,750.00|| |
|11/14/2014||Lee K Boothby||CEO||Sell||8,000||$33.13||$265,040.00|| |
|9/29/2014||William D Schneider||SVP||Sell||5,000||$38.45||$192,250.00|| |
|9/15/2014||Juanita F Romans||Director||Sell||6,424||$38.42||$246,810.08|| |
|8/26/2014||Gary D Packer||COO||Sell||35,000||$44.46||$1,556,100.00|| |
|7/2/2014||Stephen C Campbell||VP||Sell||2,281||$43.89||$100,113.09|| |
|6/23/2014||Charles E Shultz||Director||Sell||10,000||$43.84||$438,400.00|| |
|6/18/2014||Terry W Rathert||EVP||Sell||12,500||$42.07||$525,875.00|| |
|6/12/2014||Daryll T Howard||VP||Sell||15,000||$38.89||$583,350.00|| |
|5/28/2014||John H Jasek||VP||Sell||10,000||$36.10||$361,000.00|| |
|5/21/2014||John Marziotti||General Counsel||Sell||7,000||$35.35||$247,450.00|| |
|5/20/2014||William Schneider||SVP||Sell||5,000||$34.54||$172,700.00|| |
|5/8/2014||Lee Boothby||CEO||Sell||10,000||$33.70||$337,000.00|| |
|5/6/2014||Terry Rathert||EVP||Sell||14,646||$33.85||$495,767.10|| |
|3/4/2014||John Marziotti||General Counsel||Sell||5,133||$28.95||$148,600.35|| |
|3/4/2014||Terry Rathert||EVP||Sell||17,283||$28.90||$499,478.70|| |
|12/31/2013||Lee Boothby||CEO||Sell||3,500||$24.27||$84,945.00|| |
|12/27/2013||Lee Boothby||CEO||Sell||6,455||$24.59||$158,728.45|| |
|5/28/2013||Lee K Boothby||CEO||Sell||15,103||$24.76||$373,950.28|| |
|5/28/2013||Stephen C Campbell||VP||Buy||2,053||$24.32||$49,928.96|| |
|5/10/2013||Brian L Rickmers||Insider||Sell||10,000||$23.25||$232,500.00|| |
|8/22/2012||William D Schneider||VP||Sell||4,000||$31.91||$127,640.00|| |
Headline Trends for Newfield Exploration Company (NYSE:NFX)
Latest Headlines for Newfield Exploration Company (NYSE:NFX)
Newfield Exploration Company (NFX) Chart for Wednesday, July, 26, 2017