Stock Technical Report on Newfield Exploration Co (NYSE:NFX)

Newfield Exploration Co (NYSE:NFX) (TREND ANALYSIS) shares were traded with no significant volume change. The stock closed last trading session at $36.12, up by 3.67%, with a volume of 2,913,421 shares against an average volume for the last 3 months of 2,656,940.

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Newfield Exploration Co (NYSE:NFX) stock is currently trading 20.49% below its 52-week-high, 61.9% above its 52-week-low. The 1-year stock price history is in the range of $22.31 – $45.43. Newfield Exploration Co (NFX) has a price to earnings ratio of 36.97 versus Basic Materials sector average of 38.56. NFX stock price has outperformed the S&P 500 by 33.3%. The Oil Exploration & Production company is currently valued at $5.81 billion and its share price closed the last trading session at $36.12. The stock has a 50-day moving average of $36.91 and a 200-day moving average of $33.18.

Newfield Exploration Co (NFX) current short interest stands at 6.87 million shares. It has increased by 15% from the same period of last month. Around 7% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.77 million shares, the number of days required to cover the short positions stand at 2.5 days.

The company is expected to announce next quarter earnings on August 04, at consensus estimate of $0.13. Newfield Exploration Co (NFX) reported last quarter earnings on May 05. The Oil Exploration & Production company announced earnings per share of $0.03 against a consensus Street estimate of $0.1, missing estimate by $0.07. This corresponds to a decrease of $0.34 compared to the same quarter of the previous fiscal year.

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There are currently thirty analysts that cover Newfield Exploration Co stock. Of those thirty, twenty have a Buy rating, nine have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $43.77.

A recent analyst activity consisted of Bank of America who initiated their coverage on the stock with Buy rating on June 30. Bank of America fixed their price target at $47. This corresponds to a 30.12% upside from the last closing price. On the date of report, the stock closed at $36.12.

Stifel Nicolaus upgraded their Hold rating to Buy on June 18. On the date of report, the stock closed at $37.38.

Another research firm was Deutsche Bank who reiterated their Buy stance on June 4. Deutsche Bank increased their price target on Newfield Exploration Co from $45 to $46. This translates to a 27.35% upside from the last closing price. On the date of report, the stock closed at $36.15.

Company profile

Newfield Exploration Company is an independent crude oil and natural gas exploration and production company. The Company’s domestic areas of operation include the Mid-Continent, the Rocky Mountains and onshore Texas. Newfield has international operations in China.

Stock Technical Report on Newfield Exploration Co (NYSE:NFX) was last modified: July 1st, 2015 by Donna Crepeau