Are Analysts Bullish Newfield Exploration Company (NYSE:NFX) After Last Week?

April 17, 2018 - By Vivian Currie

Newfield Exploration Company (NYSE:NFX) LogoInvestors sentiment decreased to 1.01 in 2017 Q4. Its down 0.08, from 1.09 in 2017Q3. It worsened, 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.
Wealthfront reported 35,024 shares or 0.01% of all its holdings. Pictet Asset Mgmt Ltd reported 123,610 shares. 475,582 are held by Sei Invs. Capstone Advisors Lc invested in 0.14% or 152,272 shares. Shine Invest Advisory Svcs holds 575 shares. State Of Alaska Department Of Revenue owns 36,770 shares or 0.03% of their US portfolio. San Francisco Sentry Invest (Ca) accumulated 0% or 113 shares. Hanson Mcclain invested 0% of its portfolio in Newfield Exploration Company (NYSE:NFX). California State Teachers Retirement invested in 0.02% or 315,739 shares. Waverton Investment Limited reported 0.03% of its portfolio in Newfield Exploration Company (NYSE:NFX). Jpmorgan Chase reported 521,641 shares or 0% of all its holdings. Nwq Invest Mgmt Communication Ltd Limited Liability Company holds 1.84M shares or 0.75% of its portfolio. Art Advisors Limited Liability Corporation accumulated 72,930 shares. Metropolitan Life Insurance reported 0.02% of its portfolio in Newfield Exploration Company (NYSE:NFX). Schwab Charles Invest Mngmt holds 1.09 million shares.

Since January 2, 2018, it had 2 buys, and 2 insider sales for $520,152 activity. Another trade for 8,250 shares valued at $196,160 was made by RICKS THOMAS G on Thursday, March 1. $381,000 worth of stock was sold by Boothby Lee K on Thursday, February 1.

Newfield Exploration Company (NYSE:NFX) Ratings Coverage

Among 22 analysts covering Newfield Exploration (NYSE:NFX), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. Newfield Exploration had 35 analyst reports since October 18, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, December 19 by Seaport Global. Credit Suisse initiated it with “Hold” rating and $30.0 target in Monday, December 11 report. The firm earned “Equal-Weight” rating on Monday, November 20 by Barclays Capital. Morgan Stanley maintained it with “Equal-Weight” rating and $37 target in Wednesday, January 24 report. KLR Group upgraded the stock to “Buy” rating in Thursday, February 22 report. Susquehanna maintained Newfield Exploration Company (NYSE:NFX) rating on Wednesday, January 17. Susquehanna has “Buy” rating and $42.0 target. The firm earned “Equal-Weight” rating on Thursday, November 2 by Barclays Capital. The stock has “Buy” rating by RBC Capital Markets on Friday, April 13. Stifel Nicolaus maintained Newfield Exploration Company (NYSE:NFX) on Friday, March 2 with “Buy” rating. The stock of Newfield Exploration Company (NYSE:NFX) has “Hold” rating given on Wednesday, April 4 by Deutsche Bank. Below is a list of Newfield Exploration Company (NYSE:NFX) latest ratings and price target changes.

13/04/2018 Broker: RBC Capital Markets Rating: Buy New Target: $33.0000 Maintain
04/04/2018 Broker: Deutsche Bank Rating: Hold New Target: $32.0000 Initiate
19/03/2018 Broker: Jefferies Rating: Buy New Target: $34.0 Maintain
05/03/2018 Broker: Susquehanna Rating: Buy New Target: $38.0 Maintain
07/03/2018 Broker: UBS Rating: Buy New Target: $30 Initiates Coverage On
02/03/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $45.0 Maintain
23/02/2018 Broker: Jefferies Rating: Buy New Target: $35.0 Maintain
23/02/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Market Perform Old Target: $36 New Target: $29 Maintain
22/02/2018 Broker: B. Riley & Co Old Rating: Buy New Rating: Buy Old Target: $46 New Target: $36 Maintain
22/02/2018 Broker: KLR Group Old Rating: Hold New Rating: Buy Upgrade

The stock increased 1.75% or $0.455 during the last trading session, reaching $26.455. About 1.74M shares traded. Newfield Exploration Company (NYSE:NFX) has declined 31.29% since April 17, 2017 and is downtrending. It has underperformed by 42.84% the S&P500.

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 $5.23 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 12.42 P/E ratio. It also holds oil producing assets offshore China.

Newfield Exploration Company (NYSE:NFX) Institutional Positions Chart

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