Following the sale, the vice president now directly owns 41,306 shares of the company’s stock, valued at approximately $1,783,180.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The shares have been rated “Accumulate” by the firm. The shares were sold at an average price of $40.95, for a total value of $2,047,500.00. The disclosure for this sale can be found here.
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A number of other brokerages have also commented on NFX. The company now has an average rating of “Buy” and an average price target of $45.32. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Newfield Exploration in a report on Thursday, May 5th. On Jun 24, 2016, Barclays said it Maintains its rating on Newfield Exploration Co.
Newfield Exploration Co. (NYSE:NFX)’s mean EPS estimate was $0.17 for the quarter ended on 9/2015, while it reported EPS of $0.21 on 11/3/2015 AMC, beating the analysts’ consensus estimate by 0.04 with surprise factor of 23.53%. Finally, Scotiabank restated a “sector outperform” rating and set a $51.00 price objective (up from $47.00) on shares of Newfield Exploration in a research report on Saturday, June 25th.
Johnson Rice began new coverage on Newfield Exploration Company giving the company a “buy” rating. BOOTHBY LEE K is one of the largest insider shareholders in Newfield Exploration Co.
Several institutional investors have made changes to their positions in NFX. New York State Common Retirement Fund now owns 425,837 shares of the energy company’s stock worth $13,865,000 after buying an additional 3,000 shares during the last quarter. Adell Harriman & Carpenter Inc. raised its position in shares of Newfield Exploration by 4.8% in the first quarter. IBM Retirement Fund now owns 20,064 shares of the energy company’s stock worth $886,000 after buying an additional 161 shares during the last quarter. The Newfield Exploration Company (NYSE:NFX) PEG ratio is at 2.04. Approximately 4% of the Company’s proved reserves are located in China.
Without ever trading a single share of stock, without buying an option and Without ever touching a mutual friend. About 5.34 million shares traded hands or 62.31% up from the average. The stock’s 50 day moving average is $43.09 and its 200-day moving average is $35.48. The stock’s market cap is $8.97 billion.
Newfield Exploration Co.(NFX) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $284.00M. New York State Common Retirement Fund boosted its stake in shares of Newfield Exploration by 0.7% in the fourth quarter.
The company’s total revenue plunged from $469.0 million in the year-ago period to $381.0 million and lagged the Zacks Consensus Estimate of $404.0 million. Analysts had expected Newfield Exploration Co. The second contract for conventional natural gas assets in South Texas was inked with an unrevealed party.
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“Since 2009, we have generated about $3bn in proceeds from asset sales as we transitioned to an oil company with a premium asset portfolio in onshore resource plays”.
