Analysts at Stifel Nicolaus Didn’t Change their Past ‘”Buy”’ rating on Shares Newfield (NYSE:NFX), Set a $43.0000 PT

April 25, 2018 - By Graig Alexander

Newfield Exploration Company (NYSE:NFX) Logo

Investors sentiment decreased to 1.01 in 2017 Q4. Its down 0.08, from 1.09 in 2017Q3. It fall, as 35 investors sold Newfield Exploration Company shares while 137 reduced holdings. 61 funds opened positions while 112 raised stakes. 195.97 million shares or 0.04% more from 195.89 million shares in 2017Q3 were reported.

Northern Tru has invested 0.02% in Newfield Exploration Company (NYSE:NFX). Caisse De Depot Et Placement Du Quebec holds 34,900 shares. D E Shaw & Com stated it has 0.03% in Newfield Exploration Company (NYSE:NFX). Koch has invested 0.07% in Newfield Exploration Company (NYSE:NFX). Asset One Limited stated it has 0.02% of its portfolio in Newfield Exploration Company (NYSE:NFX). Toronto Dominion State Bank reported 85,812 shares. Peak6 Invs Ltd Partnership holds 0.01% of its portfolio in Newfield Exploration Company (NYSE:NFX) for 99,964 shares. 15,046 were reported by Engineers Gate Manager L P. Us Natl Bank De holds 0% or 46,199 shares. Brown Brothers Harriman Company stated it has 72 shares or 0% of all its holdings. Moreover, Amundi Pioneer Asset Management Inc has 0.03% invested in Newfield Exploration Company (NYSE:NFX). 36,770 are owned by State Of Alaska Department Of Revenue. The New York-based Mutual Of America Capital Mngmt Ltd has invested 0.02% in Newfield Exploration Company (NYSE:NFX). 57,896 were reported by Eaton Vance Management. Verition Fund Mgmt Limited Liability Co accumulated 0.03% or 10,062 shares.

Since January 2, 2018, it had 2 insider purchases, and 2 selling transactions for $520,152 activity. Another trade for 12,000 shares valued at $382,080 was sold by Boothby Lee K. $46,768 worth of Newfield Exploration Company (NYSE:NFX) was bought by PLANK ROGER B on Wednesday, March 28.

Newfield (NYSE:NFX) Rating Reaffirmed

New York: In a report revealed to investors and clients on 23 April, Stifel Nicolaus reaffirmed their “Buy” rating on Newfield (NYSE:NFX) shares. They now have a $43.0000 target price on the firm. Stifel Nicolaus’s target gives a potential upside of 46.61 % from the company’s current price.

Investors sentiment decreased to 1.01 in 2017 Q4. Its down 0.08, from 1.09 in 2017Q3. It fall, as 35 investors sold Newfield Exploration Company shares while 137 reduced holdings. 61 funds opened positions while 112 raised stakes. 195.97 million shares or 0.04% more from 195.89 million shares in 2017Q3 were reported.

Northern Tru has invested 0.02% in Newfield Exploration Company (NYSE:NFX). Caisse De Depot Et Placement Du Quebec holds 34,900 shares. D E Shaw & Com stated it has 0.03% in Newfield Exploration Company (NYSE:NFX). Koch has invested 0.07% in Newfield Exploration Company (NYSE:NFX). Asset One Limited stated it has 0.02% of its portfolio in Newfield Exploration Company (NYSE:NFX). Toronto Dominion State Bank reported 85,812 shares. Peak6 Invs Ltd Partnership holds 0.01% of its portfolio in Newfield Exploration Company (NYSE:NFX) for 99,964 shares. 15,046 were reported by Engineers Gate Manager L P. Us Natl Bank De holds 0% or 46,199 shares. Brown Brothers Harriman Company stated it has 72 shares or 0% of all its holdings. Moreover, Amundi Pioneer Asset Management Inc has 0.03% invested in Newfield Exploration Company (NYSE:NFX). 36,770 are owned by State Of Alaska Department Of Revenue. The New York-based Mutual Of America Capital Mngmt Ltd has invested 0.02% in Newfield Exploration Company (NYSE:NFX). 57,896 were reported by Eaton Vance Management. Verition Fund Mgmt Limited Liability Co accumulated 0.03% or 10,062 shares.

Since January 2, 2018, it had 2 insider purchases, and 2 selling transactions for $520,152 activity. Another trade for 12,000 shares valued at $382,080 was sold by Boothby Lee K. $46,768 worth of Newfield Exploration Company (NYSE:NFX) was bought by PLANK ROGER B on Wednesday, March 28.

Newfield Exploration Company (NYSE:NFX) Ratings Coverage

Among 22 analysts covering Newfield (NYSE:NFX), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. Newfield has $50.0 highest and $27 lowest target. $37.37’s average target is 27.41% above currents $29.33 stock price. Newfield had 35 analyst reports since October 31, 2017 according to SRatingsIntel. The stock of Newfield Exploration Company (NYSE:NFX) has “Buy” rating given on Friday, February 23 by Jefferies. The stock of Newfield Exploration Company (NYSE:NFX) has “Buy” rating given on Monday, February 5 by FBR Capital. The firm earned “Buy” rating on Tuesday, October 31 by SunTrust. The company was downgraded on Friday, December 15 by JP Morgan. The company was maintained on Tuesday, November 14 by BMO Capital Markets. As per Thursday, February 22, the company rating was maintained by B. Riley & Co. The stock of Newfield Exploration Company (NYSE:NFX) earned “Buy” rating by Susquehanna on Monday, March 5. BMO Capital Markets maintained Newfield Exploration Company (NYSE:NFX) on Friday, February 23 with “Market Perform” rating. On Thursday, January 4 the stock rating was upgraded by Bank of America to “Buy”. The rating was maintained by SunTrust on Tuesday, January 2 with “Buy”.

The stock increased 3.20% or $0.91 during the last trading session, reaching $29.33. About 2.64 million shares traded. Newfield Exploration Company (NYSE:NFX) has declined 31.29% since April 25, 2017 and is downtrending. It has underperformed by 42.84% the S&P500.

Analysts await Newfield Exploration Company (NYSE:NFX) to report earnings on May, 1 after the close. They expect $0.74 EPS, up 29.82 % or $0.17 from last year’s $0.57 per share. NFX’s profit will be $146.31M for 9.91 P/E if the $0.74 EPS becomes a reality. After $0.71 actual EPS reported by Newfield Exploration Company for the previous quarter, Wall Street now forecasts 4.23 % EPS growth.

Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company has market cap of $5.80 billion. The companyÂ’s principal areas of operation include the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota, and the Uinta Basin of Utah. It has a 13.77 P/E ratio. It also holds oil producing assets offshore China.

Newfield Exploration Company (NYSE:NFX) Institutional Positions Chart

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