Active Stock Momentum: Newfield Exploration Co. (NYSE:NFX)

This appreciation has taken its price 22.15% above the 52-week low.

Other research analysts have also issued reports about the stock. KLR Group upped their price objective on shares of Newfield Exploration from $44.00 to $46.00 and gave the stock a hold rating in a report on Wednesday, February 22nd.

The 31 analysts offering 12-month price forecasts for Newfield Exploration Co have a median target of 52.00, with a high estimate of 68.00 and a low estimate of 39.00. Back on Jan 04, 2017, an upgrade report came from analysts at Citigroup who in their research report assigned Buy rating on the stock.

Heading into the stock price potential, Newfield Exploration Company needs to grow just 47.53% to cross its median price target of $51. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $52.52 on company shares. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. They now have a Dollars 45 price target on the stock.

Shares of Newfield Exploration (NYSE:NFX) opened at 33.92 on Tuesday. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of -9.26%. Newfield Exploration has a 12 month low of $29.61 and a 12 month high of $50.00.

08/30/2016 - Newfield Exploration Company had its "buy" rating reiterated by analysts at Stifel Nicolaus. The energy company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.18. The Return on Investment (ROI) is at -27.9% while it's Return on Equity (ROE) value stands at -115.4%. The company had revenue of $415 million for the quarter, compared to analyst estimates of $397.74 million. During the same period in the previous year, the firm posted $0.21 EPS. The company reported its last quarter on Dec 16.

Analysts mean Recommendation on a stock is noted at 2.00. If you are accessing this article on another publication, it was illegally stolen and republished in violation of USA and worldwide trademark & copyright law. Norges Bank acquired a new stake in Newfield Exploration during the fourth quarter valued at approximately $79,754,000.

33 analysts projected Price Targets for Newfield Exploration Co. 5 Insider Sales transactions were made totaling 34888 shares traded. Deutsche Bank AG now has a buy rating on the energy company's stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. The shares were bought at an average cost of $36.94 per share, for a total transaction of $110,820.00. Following the sale, the insider now owns 260,162 shares of the company's stock, valued at approximately $10,853,958.64. The disclosure for this purchase can be found here. In the past twelve weeks, the net percent change held by company insiders has changed by -9.99%. Institutional investors own 96.67% of the company's stock. Advisors Asset Management Inc. boosted its position in Newfield Exploration by 203.6% in the third quarter. The latest exchange of 5.52 Million shares is above its average trading activity of 2.63 Million shares. Virtus Investment Advisers Inc. purchased a new position in Newfield Exploration during the third quarter worth about $124,000.

08/29/2016 - Williams Capital began new coverage on Newfield Exploration Company giving the company a "buy" rating. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States and in selected worldwide markets.

  • Zachary Reyes