Newfield Exploration Company Company Profile (NYSE:NFX)

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

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.

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.

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)

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.

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).

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

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.

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.

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.

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.

One share of Newfield Exploration Company stock can currently be purchased for approximately $27.99.