Brokers Change Their Target Price On Newfield Exploration Company (NYSE:NFX)
- Author: Zachary Reyes Jun 09, 2017,
Jun 09, 2017, 23:58
Following the transaction, the insider now directly owns 335,047 shares in the company, valued at $11,582,574.79. (NYSE:NFX). Ubs Asset Management Americas holds 0.02% of its portfolio in Newfield Exploration Co. The stock lost -3.65% or -0.21 points.
The number of shares traded in the last trading session was 4.01 Million. (NYSE:NFX) has declined 13.04% since June 7, 2016 and is downtrending. It has underperformed by 29.74% the S&P500.The move comes after 9 months negative chart setup for the $6.09B company. 1,205,981 shares of the company's stock traded hands. Institutional investors and hedge funds own 96.67% of the company's stock. The stock's market capitalization is 5.69B, it has a 52-week low of 28.69 and a 52-week high of 50.00. It has outperformed by 119.33% the S&P500. (NASDAQ:STMP) to report earnings on July, 27.
As of quarter end J.p. Marvel Investment Advisors, LLC had sold 410 shares trimming its position 2.6%. FNSR's profit will be $45.88 million for 15.58 P/E if the $0.42 EPS becomes a reality.
In other news, insider Lee K. Boothby sold 9,000 shares of the company's stock in a transaction on Monday, May 1st. Alyeska Investment Gp LP holds 0.65% or 1.80 million shares in its portfolio. Tower Research Capital LLC (trc) divested its ownership by selling 5,148 shares a decrease of 99.4%.
Investors sentiment increased to 1.06 in Q4 2016. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.57 average brokerage recommendation. As a stock gets oversold or overbought investor want to look for volume to get a spike in relative volume which would indicate that buyers and seller are fighting over an important support or resistance level and will likely reverse. 44 funds opened positions while 95 raised stakes. 102.78 million shares or 2.75% more from 100.03 million shares in 2016Q3 were reported. Fmr Limited Liability Corporation owns 9.61M shares. Element Cap Ltd Co invested in 255,943 shares. Reliance Tru Of Delaware has 0.77% invested in Verizon Communications Inc. During the session shares stayed in the range from $17.24 to $16.74. The Fund invests in a portfolio of primarily large- and mid-cap securities. (NYSE:NFX). Employees Retirement System Of Texas accumulated 311,000 shares. Caxton Assoc Ltd Partnership holds 0.07% or 37,510 shares in its portfolio.
Among 2 analysts covering Enersis SA (NYSE:ENI), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. (NASDAQ:STMP) rating on Friday, August 7. The stock has "Buy" rating by Deutsche Bank on Tuesday, June 14. (NYSE:VZ) has "Buy" rating given on Thursday, January 19 by HSBC.
10/14/2016 - Newfield Exploration Company was downgraded to "hold" by analysts at Evercore ISI. The firm has "Buy" rating given on Thursday, April 13 by Stifel Nicolaus. (NYSE:NFX) on Monday, September 14 with "Neutral" rating.
As of December 31, 2016, its proved natural gas reserves were 1,366 billion cubic feet (Bcf). Its up 0.05, from 1.02 in 2016Q3. It increased, as 60 investors sold VZ shares while 658 reduced holdings.
Advantus Capital Management Inc raised its stake in Newfield Exploration Co. 188.53 million shares or 0.52% less from 189.52 million shares in 2016Q3 were reported. Allianz Asset Management Ag accumulated 437,363 shares. The California-based Schwab Charles Invest Mngmt has invested 0.04% in Newfield Exploration Co. (NYSE:NFX) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Moreover, Proshare Advsrs Limited Company has 0.02% invested in Newfield Exploration Co. Rothschild Asset holds 26,334 shares or 0.01% of its portfolio. Guinness Atkinson Asset Mgmt has invested 1.03% in Newfield Exploration Co. Cubic Asset Management LLC boosted its position in shares of Newfield Exploration by 0.6% in the first quarter. Verition Fund Lc stated it has 44,308 shares or 0.15% of all its holdings. Gulf Interest Financial Bank (Uk) Ltd has invested 0.04% in Newfield Exploration Co. (NYSE:NFX). Da Davidson And has 0% invested in Newfield Exploration Co. (NYSE:NFX). 640 were accumulated by Thompson Davis. State Street Corp now owns 10,404,230 shares of the energy company's stock worth $421,380,000 after buying an additional 359,026 shares in the last quarter. Kennedy Capital Mngmt has 0.23% invested in Newfield Exploration Co.
Newfield Exploration Company (NFX) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. Equities analysts forecast that Newfield Exploration Co. will post $2.35 EPS for the current year. (NYSE:NFX) to report earnings on August, 1. They expect $0.45 EPS, up 40.63% or $0.13 from last year's $0.32 per share. Pacer Advisors Inc. increased its position in Newfield Exploration by 3.3% in the first quarter.
Among 26 analysts covering Newfield Exploration Co. (NYSE:NFX). Victory Cap invested 0% of its portfolio in Newfield Exploration Co. Therefore 69% are positive. Apartment Investment & Management Co had 28 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has "Market Perform" rating by Wells Fargo on Friday, December 16. The company was upgraded on Thursday, November 10 by Societe Generale. Citigroup upgraded the shares of NFX in report on Wednesday, January 4 to "Buy" rating. The stock inclined 9.18% last month and is down -5.89 this year. As per Friday, February 12, the company rating was maintained by Topeka Capital Markets.